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Economics Gazette

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December 14, 2017

GDP

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

global economy

The global economy is thriving despite the rare dark clouds

The dark clouds of sluggish pay, rising inequality and chronic productivity in much of the Western world overshadow one of the most remarkable and easily forgotten facts of the year – the world economy is booming. The value of all goods and services produced in the world this year is about 80 trillion USD and

EU economy

EU economy grew by 0.6% in the third quarter of 2017

The EU economy grew by 0.6% in the third quarter of 2017, according to seasonally adjusted Eurostat data. The figures show that the EU economy is slightly slowing its growth compared to the second quarter of the year, where the latest stats showed growth of 0.7%. On an annual basis, the EU’s gross domestic product

Economy of Greece

Economy of Greece expands for the third consecutive quarter

The economy of Greece expands for the third consecutive quarter for the first time in more than a decade, providing a basis on which the country will embark on an attempt to exit the rescue program next year. The country’s gross domestic product rose by 0.3% in the three months to the end of September

Chinese economic growth target

Chinese growth targets in 2018 reflect changes in the economy

Chinese economic growth target in 2018 will reflect new changes in the economy when authorities focus on high-quality development, according to the State Council Information Office. The authorities will set their key targets for 2018 after seriously exploring new performance, new situations and new issues, reveals the communications service. “China’s economic and social development still

German economy

DIHK raised its forecast for the German economy growth

The German Chamber of Commerce and Industry (DIHK) raised its forecast for the growth of the largest European economy in 2017 to 2.3%. In October, DIHK raised its forecast for German economy growth from 1.8% to 2.0%, indicating that the economy is headed up, helped by both exports and private consumption. In addition, the Chamber

French economy

French economy continues its steady development in Q3 2017

The French economy continues its steady development during the summer as well. In the third quarter of the year, the French economy registered growth, which corresponds to the preliminary assessment of official statistical office Insee. At the same time, however, the data is showing a surprisingly weaker consumer spending in October. Thus, the gross domestic

Mexican economy

Mexican economy shrinks by 0.3% in Q3 2017

Mexican economy shrinks by 0.3% quarter-on-quarter in Q3 2017. This is the first decrease in GDP of nearly 2 years, according to the data from the National Statistics Office. In the July-September 2017, the country experienced a number of disasters, including hurricanes and earthquakes that hit the oil industry. This caused stops of industry, encountering

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