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Economics Gazette

Economy and Business news




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December 14, 2017

Archives for June 2017

pension insurance product

EC offers a pan-European pension insurance product

The European Commission (EC) has published a proposal for a pan-European pension insurance product. The goal is to give more choice for Europeans when saving for their retirement. The idea is for the new product to have the same standard features, wherever it is available. It could be sold by a wide range of suppliers

UK consumer confidence

UK consumer confidence remain under pressure in June 2017

Confusing UK election results and weakening of the housing market have led to a sharp loss of confidence among consumers, leaving the country dependent on exports to avoid recession. The UK consumer confidence index measured by YouGov has dropped to 106.9 points in June and the levels are slightly higher than those reported after the

IMF

IMF lowered its forecast for the US economy growth

The International Monetary Fund (IMF) has lowered its forecast for the US economic growth for 2017 and 2018, and has criticized the economic downturn after the Great Recession. The IMF lowered its forecast for the growth of the US economy to 2.1% in 2017 and 2018. The fund no longer expects President Donald Trump’s tax

Trade constraints

Trade constraints in the world rose by 10% in 2016

Trade constraints in the world, which also affect European exporters, are rising by 10% in 2016, according to a new European Commission (EC) report. Towards the end of last year there will be total of 372 trade barriers in 50 different trading destinations in the world. According to the report, 36 new restrictions have been

economic growth of Germany

Strong industry is driving economic growth of Germany

The German business sector is the main driver of the country’s economy solid growth. The strong expansion during the winter in the federal republic is expected to continue in the second quarter, according to the predictions of the central bank in its monthly report. “The upward trend is mainly driven by vital industrial activity”, wrote

John Williams

US inflation will accelerate to 2% next year

San Francisco Federal Reserve Chairman, John Williams, supported a gradual rise in interest rates, saying that he expects inflation to increase to 2% target next year, while unemployment continues to fall. “The gradual rise in interest rates to bring monetary policy back to normal helps us maintain growth in the economy that can be sustainable

UK factory orders

UK factory orders grow to 30-year high

UK manufacturing orders reach their highest level in the last 30 years, according to monthly data from the Confederation of the British Industry (CPI). The statistics may encourage the British Central Bank to change interest rates, as the economy is performing better than expected after the Brexit and avoided the previously forecasted collapse. The study

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