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Economics Gazette

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December 14, 2017

Economics

European Fund for Strategic Investment

The European Fund for Strategic Investment will work until 2020

The European Parliament (EP) has approved the expansion and strengthening of the European Investment Fund (EIF), the main pillar of the European Investment Plan (so-called Plan Juncker), reports the press service of the European Commission (EC). The fund life is extended by two more years by 2020, and the investment target increases from 315 billion

Russian central bank governor

Russian central bank is likely to cut interest rates

The Russian central bank is likely to lower its key interest rate to 8% at its Friday meeting, according to the analysts. That would be the sixth decrease this year. Majority of the surveyed economists expect the central bank to lower the rate by 25 basis points. Still, markets have already included a further decline

US producer prices

US producer prices are rising in November 2017

The US producer prices are rising in November 2017 after the cost of gasoline and other commodities has increased. The Labor Ministry’s report shows accelerating pressure on wholesale prices, which may reduce fears of holding back low inflation. The producer price index for final demand rose by 0.4% last month, marking a third strong month.

German investor confidence

German investor confidence drops against political uncertainty

German investor confidence drops against political uncertainty and the efforts of German Chancellor Angela Merke to form a new government. The Centre for European Economic Research (ZEW) reported that according to its monthly index for the expected economic situation, which is carefully monitored by the markets, the confidence of analysts and institutional investors in the

UK inflation accelerates

UK inflation suddenly accelerated in November 2017

The UK inflation suddenly accelerated in November to the highest level of five and a half years. The consumer prices are up by 3.1% year-on-year, encouraged by more expensive airline tickets and computer games, according to data from the National Statistics Service. The inflation rate is the highest since March 2012. The fact that it

Turkish economy

Turkish economy is expanding at its fastest pace in six years

Turkish economy is expanding at its fastest pace in six years. The country’s gross domestic product (GDP) grew by 11.1% in the third quarter of the year compared to the same period of the previous year, surpassing economist expectations. The median expectations of the economists were for an increase of 8.5%. The seasonally adjusted quarterly

Greek debt

The IMF position on Greek debt has not changed

The position of the International Monetary Fund (IMF) on Greek debt has not changed. The IMF still consider that the Greek debt has to be restructured to allows sustainable development of the country’s economy, confirmed the director of the Fund, Christine Lagarde. The restructuring of the Greek debt is a controversial moment for which the

Iranian 2018 budget

Iranian 2018 budget focus on unemployment and social security

Iranian President Hassan Rouhani has proposed to parliament a budget of 337 billion USD, which allocates about 100 billion USD to public service programs for creation of jobs and economy development. The budget aims to cope with the banking crisis and introduce a new social security program. The Iranian draft budget is based on a

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