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Economics Gazette

Economy and Business news

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October 22, 2019

Archives for February 2017

Inflation in the European Union

Inflation in European Union speeds up in January

Inflation in the European Union speeds up to 1.7% yoy in January, compared to 0.3% during the corresponding period in 2016, according to the latest Eurostat data. There is acceleration also compared to December, when the rate was at a level of 1.2%. The consumer price index (CPI) in the Eurozone in January also increased

Greece poverty

Greek recession turned into depression

After seven years of austerity Greece sinks in deeper poverty. Although the billions of Euro, pumped into the economy, the situation in the country improves and becomes worse. The global financial crisis has hit the worst four EU countries – Cyprus, Ireland, Portugal and Greece. All four had to turn to international lenders, but three

labor migrants

New legislation blocks potential labor migrants in Austria

The Austrian government approved new rules for the labor market, which may limit the potential labor migrants from other EU countries. The changes encourage the hiring of employees, who already live in the country, including from other EU countries. The measure provides relief for businesses, created jobs and appointed local residents. The companies will be

Business activity

Business activity in Eurozone accelerated to 6-year high

The growth of business activity in the Eurozone accelerated in February to its highest level in almost six years, according to the latest survey of the sectors of production and services IHS Markit. The results show stable growth for the French and German economies despite the political uncertainty in both countries because of the forthcoming


Germany forecasts accelerating economic growth in Q1 2017

Germany forecasts accelerating economic growth in the first quarter of 2017 thanks to industry and consumer spending, according to the report of Bundesbank. “The strong momentum can be expected from industrial activity, above all”, wrote the Bundesbank in the monthly report for February. “An unexpected jump in industrial orders in December suggest for increased exports


BoE improved its ability to forecast the economy

Bank of England (BoE) has made great improvements in their ability to forecast the development of the British economy, according to the Chief Economist Andrew Haldane of the Bank in front of the Parliamentary Committee on Finance. He pointed out that they were considerable errors in the forecasts in the past, especially during the financial

UK factory orders

UK factory orders rose in February

The factory orders in the UK rose in February at the fastest pace in two years, according to the Confederation of British Industry (CBI). The report states that 16% depreciation of the British pound after the Brexit referendum now seems to have a greater impact on inflation than on exports. The measure of orders from

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