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Economics Gazette

Economy and Business news

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December 10, 2019

Economics

Russian economy

Russian economy growth has slowed sharply in Q4 2017

The Russian economy growth has slowed sharply in Q4 2017, but for the entire year the gross domestic product (GDP) expanded for the first time in three years, increasing by 1.5%, according to official state statistics. Russia’s Gross Domestic Product rose in the fourth quarter of 2017 with only 0.9% yoy, after a solid expansion

Great Britain trade

Great Britain will need the EU

If Britain wants to prosper outside the European Union (EU), it will have to develop sufficiently strong trade partnerships with non-European countries. This is a way to overcome the loss of the single European market. In London, the ideas for Great Britain are already being snatched, but rhetoric is one, and reality is quite different.

Russian manufacturing

Russian manufacturing activity rose slightly in March

Russian manufacturing activity rose slightly in March, but remained below its long-term average, as growth in new orders and production slowed down. This is clear from the PMI index quoted by Reuters. The Purchasing Managers’ Index (PMI) in the country in March slightly rose to 50.6 points from the reported 50.2 points in February, thus

Japanese industrial output

Japanese industrial output recovers in February 2018

Japanese industrial output recovers in February 2018 from a sharp decline in the first month of the year and companies are forecasting further gains over the next few months after production data shows that it is starting to expand again. The industrial production rose by 4.1% in February compared to the previous month, which is

Germany Debt CLock

Germany has cut its debt in 2017

Germany has cut its debt due to the strong economy and reducing the burden of rescuing troubled banks in the financial crisis. The Bundesbank, the German central bank, said today that government debt has fallen to 64% of its annual GDP at the end of 2017 compared to 68% of GDP in 2016. The level

Turkish economy

Turkish economy reported its strongest annual growth since 2013

The Turkish economy reported its strongest annual growth since 2013. The Turkish Gross Domestic Product (GDP) grew by 7.4% in 2017, according to official statistics. The expectations in the financial markets were slightly modest growth of 7.2%. This has been the most serious economic expansion in four years (since 2013). In 2016, the increase was

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