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Economics Gazette

Economy and Business news

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March 23, 2019

Archives for April 2018

Benoit Coeure

Trade wars already starts affecting the economy

The fear of trade wars, triggered by US ideas on import duties for Chinese goods, is already affecting the development of the economy. The fears affect borrowing costs and stock prices, Benoit Coeure, a member of the European Central Bank (ECB). “None of this supports economic growth or employment”, said he. “The effect of anticipated

UK construction

UK construction activity declines in March 2018

The snowstorm that hit Britain at the end of February and the beginning of March contributed to the fastest decline in construction activity on a monthly basis since the Brexit referendum in June 2016. Unusually bad weather led to a decline in the PMI in construction from 51.4 points in February to 47.0 in March,

Donald Trump

The US trade war with China was lost many years ago

The US President Donald Trump said the trade war with China was “lost many years ago” by his predecessors. His statement comes amid a turbulence in financial markets after Washington imposed a 25% duty on 1,300 Chinese products. Beijing responded to the measure with its levies against American goods, ranging from soybeans and wine to

Eurozone inflation

Eurozone inflation accelerates sharply in March

The Eurozone inflation rate is expected to accelerate sharply in March after several months of slowdown, reaching 1.4%, compared with 1.1% in the previous month. This is the preliminary estimates of the European Statistical Office Eurostat. The Euro rose slightly to 1.2293 USD shortly after publication of the data. Unlike the trend in recent months,

EU unemployment

The EU unemployment dropped slightly in February

The unemployment in the European Union (EU) dropped slightly in February on a monthly basis to a level of 7.1%. On an annual basis, there was a more pronounced decrease compared to 8.0% in February 2017, a difference of 0.9 percentage points. This is the lowest unemployment rate since September 2008. The unemployed in the

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