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Eurozone economy accelerates, inflation up, unemployment falls
A raft of positive statistics for the eurozone has been released. We learned from the EU’s statistical office Eurostat that economic growth is accelerating faster than in the United States, unemployment is at a more than seven-year low...
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Eurozone factory activity ramps up
There was a strong start to the new year for factory activity in the eurozone. Surveys show it increased at the fastest rate in nearly six years. Manufacturers also said they are more optimistic than they have been in almost five years...
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UK central bank raises growth outlook
Britain’s central bank has again raised its forecast for economic growth there this year, but does not seem to be in a rush to raise interest rates from their record low as the UK economy adjusts to the prospect of leaving the European...
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IMF boosts US growth forecasts, keeps global growth prediction unchanged
The International Monetary Fund has kept global growth forecasts unchanged in its latest economic outlook. They expect 3.4 percent expansion for 2017 and 3.6 percent for 2018, which is unchanged from October. That is because it now...
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Davos debates difficult times
The global elite have descended on snowy Davos in Switzerland once again for the annual meeting of the World Economic Forum. World leaders, CEOs and NGO chiefs are all gathered to grapple with the tumultuous events of 2016 and attempt to...
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Dow over 20,000, global shares rally
Share prices jumped worldwide on Wednesday. Among the factors – strong Japanese trade data showing the country’s exports rose for the first time in 15 months in December and solid earnings by European companies such as computer...
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Eurozone industrial output surprisingly strong in November
Just released statistics show industrial output in the eurozone rose by more than expected in November as firms stepped up production before Christmas. It was the second month in a row that it had increased. The fact that industries...
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German GDP growth at five year high
More people in the shops, full employment and low interest rates helped Germany’s economy to its strongest growth in five years in 2016. There was a 2.0 percent increase in consumer spending. Spending on refugees as well as increased...
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Partnering with robots
Michael Chui, Partner, McKinsey Global Institute, on tasks that we can pass along to robots
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US GDP estimate for Q3 revised up further, to 3.5 percent
The US economy is even more buoyant than initially thought, according to the latest official figures for the third quarter (Q3) of this year. The US commerce department reported on Thursday that Gross Domestic Product (GDP) increased at...
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Eurozone manufacturing enjoys year end boost
The new year has started with fresh signs that the eurozone’s economic recovery is continuing. Manufacturing in December expanded at the fastest pace in more than five and a half years. In addition orders rose, even as companies raised...
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Greek central bank sees 2.5 percent growth for 2017
The Greek economy is forecast to expand by 2.5 percent next year – way better than this year’s anticipated 0.1 percent. The strong growth outlook comes from Greece’s central bank, which at the same time criticised the government’s...
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OECD sounds optimistic about short-term global growth
The OECD has revised its forecasts for the global economy’s next six months up, largely on the back of Donald Trump’s planned tax cuts and infrastructure spending plans in the USA. The twice-yearly Economic Outlook said 2016’s 2.9%...
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Does Smart Specialisation Indicate A Reforming Europe?
Patrizio Bianchi, Regional Minister for Coordination of the European Policies for Growth, Education, Vocational training, University, Research and Employment, Emilia-Romagna Region, Italy talks about Smart Specialisation signalling a...
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US Q3 GDP growth beats estimates
The third quarter has seen faster than expected GDP growth in the USA, the Commerce department revising its figures up from 2.9 to 3.2%, the best in two years. Consumer spending and a surge in soybean exports after poor harvests in...
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Italian GDP growth revised up
Solid domestic demand saw Italian growth rebound in Q3, and the figures for previous quarters were also revised upwards. GDP rose by 0.3% in Q3 quarter-on-quarter, but a full one percent year-on-year. revised up a tenth of a point. It is...
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Britain’s Brexit bonanza: slower growth, inflation and more borrowing
Phillip Hammond, British Chancellor of the Exchequer, the man in charge of the public purse has delivered his first autumn statement since taking over from George Osbourne and the premier treasury statement since the Brexit vote. The...
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UK growth remains firm despite Brexit vote
A new survey suggests Britain’s economic optimism is holding steady in the wake of the Brexit vote. Figures from the Office for National Statistics show consumers and businesses increased their spending in the third quarter by 0.7 and...
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Trump victory overshadows Japan’s growth
Japan’s economic growth was stronger than expected between July and September. A recovery in exports meant gross domestic product expanded again. The world’s third-largest economy grew by 2.2 percent in the third quarter compared to the...
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Greece sees surprise economic growth
There was some good news from Greece on Monday when we learned the economy has expanded again. Between July and September it grew by a more than expected 0.5 percent from the previous three month period, according to the first estimate...
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Immigration for growth
Doug Holtz-Eakin, president, American Action Forum, on a U.S. campaign emphasizing the importance of immigrants for economic growth
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China’s economic growth stable at 6.7% in third quarter
China’s economy is slowly stabilising according to the latest government statistics. Gross domestic product rose by 6.7 percent between July and September, putting it on track to meet its official growth range of 6.5 to 7 percent....
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Little sign of Brexit vote downturn for UK economy
Britain is still waiting for the big downturn that was predicted after its vote to leave the European Union. Economic growth in the UK slowed only slightly in the three months after the referendum. Britain’s statistics office said the...
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IMF paints gloomy picture of global economy
The IMF is warning the political mood around the world is undermining growth, which it sees remaining weak. It cites what is happening with the US presidential election, Britain’s vote to leave the European Union and growing...