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Economics Gazette

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February 21, 2018

Economics

Eurozone current account surplus

Eurozone current account surplus expanded in December 2017

The Eurozone current account surplus increased to 45.8 billion USD in December 2017, expanding by 1.3% from the same month last year, according to the unadjusted data provided by the European Central Bank. The surplus in services rose to 8 billion USD in December after just under 1 billion EUR in November. According to seasonally

Fitch Ratings

Fitch upgraded Greece’s sovereign debt rating

The international rating agency Fitch upgraded Greece’s sovereign debt rating, relying on debt relief this year and predicted economic growth. The rating is increased from B- to B, leaving the country in the “highly speculative” category but with a positive outlook. The agency said it had a general improvement in overall Greece’s economic situation and

US production prices

US production prices returned to growth

Producer prices for US final demand rose in January with 0.4% mom, following the expectations on the market. The increase is due to higher fuel and health costs. The service prices reported a 0.3% growth in January, as the commodities rising by 0.7%. The main producer prices (excluding energy and food prices) rose by 0.4%

US consumer prices

US consumer prices rose by 2.1% yoy in January 2018

The US consumer prices rose by 2.1% yoy in January, keeping their level in December, but the increase was above market expectations for growth of 1.9%. The calming of fuel and electricity prices was offset by higher food and medical services. The monthly inflation rises to 0.5% according to seasonally adjusted data. An annual rise

EU economy

The EU economy grew by 2.6% in Q4 2017

The EU economy grew by 2.6% in Q4 2017. The growth slowed slightly over the previous quarter. At the same time, Eurostat confirmed the preliminary estimate for the GDP growth in the Eurozone in Q4 2017 at 0.6% compared to the previous quarter and by 2.7% compared to the same period last year. Over the

German economy

German economy is growing as expected in Q4 2017

The German economy is growing as expected at the end of 2017. In the fourth quarter of last year, the GDP of the largest economy in Europe grew by 0.6%, but a little slower than the previous three months, when the indicator reported a growth of 0.7%. A positive contribution to growth in Germany has

UK inflation

UK inflation remains at 3% in January 2018

UK inflation remains at 3% yoy in January, close to a 6-year high peak in November 2017. The CPI is pretty high and surprised economists, who expects to slow down to 2.9%. Last week, the Central Bank of England signaled that interest rates could be raised faster and more than expected, with inflation targeting close

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