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Economics Gazette

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November 19, 2019

GDP

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

Chinese gross domestic product

Chinese gross domestic product grew by 6.8% in Q4 2017

The Chinese economy completed its first full year acceleration since 2010, supporting global growth and enabling authorities to cut excessive country indebtedness. The Chinese gross domestic product grew by 6.8% in the fourth quarter of 2017 compared to the same period an year earlier. For comparison, the analysts expected GDP to rise by 6.7%. For

British economy growth

British economy growth outlook looks increasingly bleaker

The British economy will not improve for at least the next two years, as consumers hardly increasing their spending. The respondents in the survey do not show much New Year’s optimism. The median forecast for growth this year is maintained at 1.4%, and no acceleration is expected in 2019. Although the gross domestic product in

Russian economic recovery

Russian economic recovery has been too short

After experiencing its longest economic recession this century, Russia may have also noted its shortest recovery. According to the US bank JPMorgan Chase, the world’s largest energy exporter has ended last year with two consecutive quarters of decline or a technical recession, which is a surprising cooling that stretches from troubled consumer spending to weaker

World economy

World economy is in a process of synchronized recovery

The world economy is currently experiencing a phenomenal process of synchronous recovery that leads to higher growth than expected. This summary was made by the asset management company Amundi. The economists explained that usually such economic growth, as this one is currently coupled with inflation, but at this point in the economic cycle there is

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