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Economics Gazette

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February 21, 2018

Trade

agriculture export

Exports of European agricultural products increased by 5.1% in 2017

The exports of European agricultural products increased by 5.1% in 2017 to a record 137.9 billion EUR, according to latest European Commission analyzes. For comparison, an year ago the EU countries exported goods worth 131 billion EUR. The growth is mainly due to several markets – Russia, where exports of agricultural goods increased by 16%,

Japanese exports

Japanese exports expanded for 14th consecutive month

Japanese exports expanded for 14th consecutive month due to the serious stir in hybrid cars and semiconductors. This helps the country to reach the longest expansion of nearly 30 years with the eighth consecutive quarter of growth. The final figures for January are a sign of strong global demand for Japanese goods, which continues to

British retail sales

British retail sales slows more than expected in January 2018

British retail sales slows more than expected in January 2018, as consumers cut their costs. The retail sales are up 0.1% from December, which is well below analysts’ expectations for a 0.5% growth. On an annual basis, the retail sales increased by 1.6%, which is also below the forecasts of the economists for growth of

European trade

Eurozone trade surplus decreases in 2017

The Eurozone trade balance reached a surplus of 25.4 billion EUR in December, decreasing by 2.2 billion EUR year-on-year, according to the seasonally unadjusted data data from Eurostat. The result is below analysts’ expectations for a surplus of 30.2 billion EUR. The Eurozone exported goods to the rest of the world for 180.7 billion EUR

Bulgarian foreign trade boosted in 2017

Bulgarian foreign trade expanded in 2017, as exports rose by 10.7% yoy to 52.23 billion BGN (26.70 billion EUR), while imports rose by 15.4% yoy to 59.06 billion BGN (30.02 billion EUR). In December alone, total exports amounted to 4.10 billion BGN, representing a decrease of 0.9% compared to the same month of the previous

German trade

German trade surplus reduced in 2017 due to higher imports

German trade surplus reduced in 2017 due to higher imports. The exports exceeded imports by 244.9 billion EUR, according to the federal statistical office. The highest figure was achieved in 2016 amounting to 248.9 billion EUR. The data is being watched abroad, as Germany has been under pressure internationally for years because of its huge

Justin Trudeau

Canada will not accept a bad deal in NAFTA renegotiation

Canada will not accept a bad deal in renegotiating the North American Free Trade Agreement (NAFTA) with the United States and Mexico, revealed the Prime Minister Justin Trudeau. He made it clear that “Canada will not be forced to accept any old deal”. “It is quite possible, if there is no deal, to be better

US trade deficit

The US trade deficit expanded in December 2017

The US trade deficit expanded in December 2017 and throughout the year has risen to its highest levels since 2008. This makes it increasingly difficult to meet Donald Trump’s promise the country to reduce the gap between imports and exports. The deficit in December increased by 5.3% to 53.1 billion USD. The economists interviewed expected

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