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Economics Gazette

Economy and Business news

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April 22, 2018

Archives for April 2018

Global credit sales market

Global credit sales market returned to growth

The global credit sales market returned to growth last year, with total sales of mortgage-backed mortgage loans reaching 114 billion EUR. Although 2017 was record for credit transactions, the amount of non-performing loans (secured, unsecured and corporate) held by European banks has reached approximately 1 trillion EUR. Despite the huge volume of unsold loans in

UK annual wage growth

The UK annual wage growth accelerated in February

The UK annual wage growth excluding bonuses has accelerated to 2.8% in February, the National Statistics Office reported. The consumer price inflation averaged to 2.9%, and is expected to slow to 2% in the year. The data may spur speculation that the British Central Bank will raise interest rates again next month, although the economy

US retail sales

The US retail sales rose in March 2018

The US retail sales rose in March after three consecutive months of decline, as households increased their purchases of motor vehicles and other large purchases, suggesting that consumer spending will go up in the second quarter of the year. Last month, the retail sales in the US rose by 0.6% after a 0.1% decline in

UK trade deficit

UK trade deficit shrank sharply in February

The UK trade deficit shrank sharply by 2 billion GBP to 965 million GBP in February, compared to the revised 2.959 billion GBP reported last month. This is the smallest trade deficit since September, with data below a deficit of 2.6 billion GBP. The goods and services imports in the United Kingdom shrank by 4.8%

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