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Economics Gazette

Economy and Business news

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November 12, 2019

Posts by: Viliyana Filipova

China WTO

China filed a complaint against USA to the WTO

China filed a complaint to the World Trade Organization (WTO) against US President Donald Trump’s decision to impose import duties on steel and aluminum. The Asian country has requested a 60-day consultation with the United States to resolve the dispute. If the two sides do not find a solution, the next step is for Beijing

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

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