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Economics Gazette

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November 17, 2019

Archives for July 2017

turkey credit rating

Fitch reaffirms Turkey’s credit rating at BB+ with stable outlook

International rating agency Fitch reaffirms Turkey’s credit rating at BB+ with stable outlook. The credit rating of Turkey is a balance between “high external financial vulnerability” and “long-term commitment to fiscal stability and visible steady growth”, said in a statement from Fitch. While Turkey’s overall ratings exceed those of similar countries, its budget deficit is

imposing financial sanctions

USA considers imposing financial sanctions on Venezuela

USA considers imposing financial sanctions on Venezuela, which would terminate the dollar payment for crude oil, released a senior White House official and an administration advisor familiar with the discussions. The cooked measure would severely restrict crude oil exports from OPEC member Venezuela and would deprive the country’s socialist government of the convertible currency. Sanctions

Mario Draghi

Eurozone still needs incentives

The President of the European Central Bank (ECB) Mario Draghi said at the end of his monetary policy meeting that the level of inflation remains low in the Eurozone and that the E-19 countries need further monetary incentives. Draghi gave his traditional press conference after the meeting of the 25 members of the board, which

German investors confidence

German investors confidence decreases slightly in July

German investors confidence decreases slightly in July. Obviously the German investors and analysts have some doubts in the middle of the year. The index of the European Center for European Economic Research (ZEW) declines in July for a second consecutive month. The expectations for the indicator, which aims to forecast economic developments over the next

Britain retirement age

Britain retirement age raises to 68 from 2037

Britain accelerates plans to raise retirement age against a backdrop of increased pressure that life expectancy has on government finances. The Labour and Pensions Minister David Gauke announced the changes, noting that paying pensions for a longer period is a challenge for the government. According to plans, the Britain retirement age will rise from 67

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