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Economics Gazette

Economy and Business news

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September 21, 2019

Archives for December 2017

British economy

British economy growth accelerated slightly in Q3 2017

The British economy growth accelerated slightly in Q3 2017, expanding by 0.4%. For comparison the growth was 0.3% in the previous quarter. The household consumption is increasing at a higher rate. On an annual basis, the growth rate of the UK economy reached 1.7% in the third quarter, above the initially expected 1.5%. The economists

coal mining

Slovakia withdraws coal mining by 2023

Slovakia plans to close the coal mines and, accordingly, to cease its coal-fired power plants by 2023. This could be seen as a defeat for Prime Minister Robert Fico, as in the past years he guaranteed that during his term the coal mines will not be touched. However, the Slovakia’s Prime Minister probably lost control


Investors sell gold to buy Bitcoin

The euphoria around Bitcoin overtakes the gold fever and many investors turn to crypto-currency lured by high returns. However, hardly the Bitcoin can be called a substitute for the precious metal. At the beginning of December, the price of gold reached its lowest level since July. On December 12, the price of the precious metal

UK brexit deal

The EU is preparing a Canadian-style deal for the UK

The European Union is preparing to show the UK a proposal for Canadian-style trading deal if the island fails to clarify its demands. The reserve plan, considered by the Brexit negotiators, highlights the concerns in Brussels, Berlin and Paris about Therese May’s approach to future relations, which they think may be too vague for meaningful

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