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Economics Gazette

Economy and Business news

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October 19, 2017

Archives for July 2017

US economy grows

US economy grows by 2.6% in Q2 2017

US economy grows by 2.6% in Q2 2017, accelerating over the first three months when the annual growth rate was 1.4%. However, the pace between April and June is weaker than that promised by President Donald Trump. The authorities have set a long-term target of 4% GDP growth. Expectations for growth in the second quarter

credit rating of Cyprus

Moody’s raised the credit rating of Cyprus

The international rating agency Moody’s Investors Service raised the credit rating of Cyprus to the Va3 level. The outlook for the rating remains positive, which signals for further increase in the coming months. Moody’s emphasizes that Cyprus’s economic sustainability is improving, and positive trends will continue in the medium term. The fiscal position of the

Japanese consumer prices

Japanese consumer prices rose in June 2017

Japanese consumer prices rose in June by 0.4% on an annual basis, the same rate as in the previous two months. However, there is no change on a monthly basis. Friday’s index includes prices for energy products, but not those of fresh food. Indicating that the tightening labor market has yet to fuel inflation, core

German consumer confidence

German consumer confidence marks a 16-year high in August

German consumer confidence marks a 16-year high in August amid higher expectations of income and hopes associated with Europe’s largest economy. GFK’s leading consumer confidence index rose to 10.8 points in August from 10.6 points in July. The survey shows that the Germans have so far disregarded concerns about the Brexit talks, the US President

Spain economy growth

Spain records the biggest economy growth since 2007

Spain is about to record the biggest economy growth since 2007, again surpassing the market expectations. The consensus in early 2017 was that the economy would lose momentum this year, with the latest reforms gradually diminishing its effect. But now the economy is restoring its recovery, which has allowed the government to raise its forecast

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