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Economics Gazette

Economy and Business news




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February 21, 2018

GDP

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

ECB

The risks to the Eurozone growth prospects are broadly balanced

The risks to the Eurozone growth prospects are broadly balanced. This is clear from the latest economic newsletter of the European Central Bank (ECB). The prevailing strong cyclical momentum could lead to further growth in the near future, but the risks are mostly related to global markets, including currency markets. There is a strong and

Economic growth

Economic growth in the Eurozone accelerates job creation

The economic impulse in the Eurozone has been rising at the fastest pace in nearly 12 years, leading to the fastest job creation since the beginning of the millennium. The Purchasing Managers’ Index (PMI) rose by 58.8 points in January from 58.1 in December, according to IHS Markit. This surprisingly exceeds the preliminary growth forecast

France Economy

France’s economy expands for fifth consecutive quarter

France’s economy expands for the fifth consecutive quarter, performing its best year since 2011. The economy growth received impetus after the election of the new President Emmanuel Macron and the favorable global trends that together stimulated confidence and investment. The France’s Gross Domestic Product grew by 0.6% in the three months to December 2017, coinciding

UK economy

UK economy grows faster than expected in Q4 2017

The UK economy grows faster than expected, and in Q4 2017 the GDP grew by 0.5% after the 0.4% growth in the three months to September. Compared to the same quarter of 2016, the UK economy grows by 1.5%. The economic growth, however, generally slows down in 2017, taking into account even the weakest pace

Venezuela economy crisis

Venezuela lost half of its economy since 2013

Venezuela lost half of its economy since 2013 and the situation is getting worse. The unemployment in the country is expected to reach 30% and prices of all kinds of goods will grow by 13,000% this year, according to new data published by the International Monetary Fund (IMF). The economists are not particularly optimistic about

Eurozone PMI

Eurozone starts the year with highest level of PMI in 12 years

The Eurozone starts 2018 with the fastest pace of economic growth in 12 years, adding to the biggest increase in new jobs since 2000, according to the latest IHS Markit survey. The Eurozone Purchasing Managers’ Index (PMI), which is eagerly awaited by market analysts, rose to 58.6 points in January, which is its highest level

South Korean economy

South Korean economy shrinks in Q4 2017

South Korean economy shrinks in Q4 2017 for the first time since the financial crisis. The gross domestic product (GDP) declined by 0.2% against the third quarter, according to preliminary data from the South Korean Central Bank. By comparison, the third quarter saw an increase of 1.5% on quarterly basis. The economists expects the GDP

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