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Economics Gazette

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April 22, 2018


US home sales

US home sales accelerated at a record speed in 2017

The US home sales accelerated at a record speed in 2017, with buyers acquiring properties immediately after they were announced for sale. On average, only 81 days were needed to sell a home from the launch until the deal was finalized, with the properties being sold as quickly as possible in June, when only 73

Global credit sales market

Global credit sales market returned to growth

The global credit sales market returned to growth last year, with total sales of mortgage-backed mortgage loans reaching 114 billion EUR. Although 2017 was record for credit transactions, the amount of non-performing loans (secured, unsecured and corporate) held by European banks has reached approximately 1 trillion EUR. Despite the huge volume of unsold loans in

US retail sales

The US retail sales rose in March 2018

The US retail sales rose in March after three consecutive months of decline, as households increased their purchases of motor vehicles and other large purchases, suggesting that consumer spending will go up in the second quarter of the year. Last month, the retail sales in the US rose by 0.6% after a 0.1% decline in

UK trade deficit

UK trade deficit shrank sharply in February

The UK trade deficit shrank sharply by 2 billion GBP to 965 million GBP in February, compared to the revised 2.959 billion GBP reported last month. This is the smallest trade deficit since September, with data below a deficit of 2.6 billion GBP. The goods and services imports in the United Kingdom shrank by 4.8%

China WTO

China filed a complaint against USA to the WTO

China filed a complaint to the World Trade Organization (WTO) against US President Donald Trump’s decision to impose import duties on steel and aluminum. The Asian country has requested a 60-day consultation with the United States to resolve the dispute. If the two sides do not find a solution, the next step is for Beijing

German exports

German exports lost speed in February 2018

German exports lost speed in February, according to the latest official data. The German exports value grew by 2.4% in February compared to the same month last year, reaching a total of 104.7 billion EUR (129 billion USD). In January, exports rose by 8.6% on an annual basis. Reported on a monthly basis in February,

Valdis Dombrovskis

The EU wants arbitration role in the US-China trade dispute

The European Union (EU) can help resolving the trade dispute between the US and China. This was stated by the two Vice-Presidents of the European Commission (EC) Jyrki Katainen and Valdis Dombrovskis. Instead of participating in the conflict, the EU can use its role as the world’s largest market to support international trade rules and

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