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Economics Gazette

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November 19, 2019

Archives for August 2017

Denmark

Denmark plans reduction of tax burden

The government of Denmark introduces a number of tax cuts that will affect groups of citizens with different incomes, will make savings easier and lower vehicle taxes. Prime Minister Lars Lokke Rasmussen and his center-right coalition wants to cut the country’s tax burden by 23 billion DKK (3.7 billion USD), and proposed introducing of series

Greece economic growth

Greece economic growth will reach 2% this year

Greece economic growth will reach 2% this year, according to the Prime Minister Alexis Tsipras. This is just above the government’s revised estimate. The country hit by the financial crisis ended the vital third review of the rescue loan in June and returned to the bond markets in July for the first time in three

TPP countries

TPP countries are considering amendments to the agreement

The eleven countries that remain engaged in the Trans-Pacific Partnership (TPP) are considering correcting the trade deal. The formal representatives of the countries meet in Sydney for talks that have to inspire new energy into the stalled deal. As part of the topics under discussion, Vietnam raises the issue of changes to the provisions of

Consumer confidence

Consumer confidence in Germany is improving

The consumer confidence in Germany is improving, according to the GfK’s index in September. The index for population sentiment rose by 0.1 points to 10.9 points. This is the fifth consecutive growth and the highest level since October 2001. Overall, however, the report makes mixed messages. As the index of economic prospects grew from April,

US trade deficit

US trade deficit expands in July

The US trade deficit expands in July, according to preliminary data from the US Department of Commerce. The US trade deficit in commodity trade (excluding data for services) rose by 1.78% to 65.1 billion USD. Both imports and exports are declining, but the pace of exports is faster. The economists expected a smaller deficit of

Japanese economy

Japanese government retains its moderately optimistic forecast for the economy

The Japanese government retains its moderately optimistic forecast for the economy. Tokyo authorities believe that accelerated consumption and capital spending support will support the steady economic recovery. In its monthly economic report for August, the government includes a slightly improved forecast for public investment than had made a month earlier. This reflects the increased number

Martin Wansleben

German companies review planned investments in the UK

Many German companies are starting to review planned investments in the UK because of expectations for more trade barriers after Brexit, according to the German Chambers of Commerce and Industry (DIHK). The UK and German Chambers of Commerce and Industry have published a joint statement calling on British and European negotiators to give clarity and

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