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Economics Gazette

Economy and Business news

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April 22, 2018

Posts by: Kathernine Reina

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%

US inflation

US inflation accelerates in March 2018

The US inflation accelerates in March with the fastest pace since more than an year, providing the Federal Reserve’s speed in anticipation of a further increase in interest rates over the year. The core consumer price index, excluding unstable food and energy prices, reported an increase of 2.1% in March on an annual basis. For

German exports

German exports lost speed in February 2018

German exports lost speed in February, according to the latest official data. The German exports value grew by 2.4% in February compared to the same month last year, reaching a total of 104.7 billion EUR (129 billion USD). In January, exports rose by 8.6% on an annual basis. Reported on a monthly basis in February,

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, according to Economics Herald. This is the lowest unemployment rate since September 2008.

france strike

France faces new wave of strikes

France faces new strike that will begin today after railway employees protest against the government reform in the sector. The trade union announced a two-day strike every five days by the end of June. The state-owned railway company SNCF advises passengers not to travel by train from tonight to Thursday morning as the strike will

Germany Debt CLock

Germany has cut its debt in 2017

Germany has cut its debt due to the strong economy and reducing the burden of rescuing troubled banks in the financial crisis. The Bundesbank, the German central bank, said today that government debt has fallen to 64% of its annual GDP at the end of 2017 compared to 68% of GDP in 2016. The level

German consumer

German consumer confidence shows signs of strong growth

The German consumer confidence seems to have stabilized in March and even shows signs of revival after a month earlier led to decline in some of the indicators. The Nuremberg Research Institute, GfK, said today that its main consumer confidence index in March was 10.8 points, with expectations in April reaching 10.9 points. In February,

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