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EU executive cuts growth forecast for eurozone
The European Commission has cut its growth forecast for the eurozone. The EU executive now predicts 1.6 percent growth this year, down from from a previous forecast of 1.7 percent. The EU executive also lowered its forecast for entire...
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All signs point to weaker Q2 growth for the eurozone
Retail sales, business surveys and European Commission forecasts are all pointing towards weaker growth of the eurozone economy in the second quarter of the year, compared with the first three months. The European Union’s statistics...
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All major indicators show the UK economy at a ‘low ebb’
UK growth looks set to slide according to the British Chamber of Commerce. The body questioned 8,500 firms and found that orders, sales, investment and confidence are on the wane. UK growth softening https://t.co/CQ6qTJ2gdG— Mortgage...
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Gloomy outlook for Greek economy as recession bites deeper
The Greek economy looks set to shrink by 1.0 percent this year putting a further squeeze on ordinary Greeks and businesses after a 0.3 percent contraction in 2015. Από #protothemagr : Economic Foundation (IOBE) gloomy forecasts for...
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Debt drags Chinese economy on
Latest figures from China’s National Bureau of Statistics are causing some economists to wonder if the worst is over in the contraction in the economy. Q1 figures for 2016 indicate annual growth at 6.7%, its slowest since 2009, but a...
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World Bank, IMF say growth lower and warn of new Greek crash
The World Bank and IMF, at their Spring meeting are urging Greece’s creditors to rethink their policies after studies concluded austerity was strangling any national economic recovery, and that debt forgiveness and write-offs were needed...
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S&P downgrades eurozone economic growth and inflation forecasts
Rating agency Standard & Poor’s has cut its forecasts for eurozone economic growth and inflation. It blamed a “nosedive” in financial conditions since the start of the year. S&P now expects gross domestic product in the 19 countries of...
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Italy’s GDP growth remains feeble
It has been confirmed Italy’s economy grew by just 0.1 percent in the final three months of last year from the previous quarter. That final estimate matched last month’s preliminary calculation and means gross domestic product was up 1.0...
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Japan’s economy still anaemic though Q4 contraction less than first estimated
Japan’s economy contracted less than initially estimated in the final quarter of last year. It shrank at an annualised rate of 1.1 percent between October and December. The preliminary estimate had been 1.4 percent. However private...
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Refugees: Germany’s Economic Challenge
Pierre Moscovici, European Commissioner for Economic and Financial Affairs: If I look at Germany I would say – the german economy is clearly the leader in Europe and in the Euro area and so Germany shouldn’t be blamed for its successes....
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UK economic growth solid but heavily dependent on consumer spending
People going shopping remained one of the biggest factors in the growth of Britain’s economy at the end of last year. The economic recovery is relying heavily on services companies and household demand amid a sharp fall in business...
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US GDP growth rate revised upward for Q4 2015
US government economists sifting through the latest data on economic growth in the final three months of last year have concluded that things were not as bad as they thought. It seems gross domestic product increased at a 1.0 percent...
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Barclays quits Africa as profit falls
Barclays is quitting Africa after almost a century of doing business there. The decision by the British bank is part of plans to simplify its structure and boost shareholder returns. It will sell its 62 percent stake in Barclays Africa...
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Millions more Chinese ‘zombie company’ workers face the sack
China reportedly plans millions more lay offs of workers at so-called ‘zombie’ companies, after just announcing 1.8million miners and steel workers face redundancy. Sources close to China’s leadership have now told the Reuters news...
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Rating agency Moody’s downgrades its outlook on China’s debt
Chinese government debt is causing concern to Moody’s. The rating agency has downgraded its outlook on that debt to ‘negative’ from ‘stable’. The reason is uncertainty over Beijing’s’ capacity to carry out economic reforms, coupled with...
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French central bank forecasts first-quarter growth improving to 0.4%
France’s economy is on course to expand 0.4 percent between January and March. So says the French central bank in its first forecast of GDP for the quarter. That would be a pick-up from the final three months of last year, when the...
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Eurozone GDP growth still weak, Greece in recession again
Eurozone economic growth continues to be weak. In the final three months of last year gross domestic product (GDP) expanded 0.3 percent quarter-on-quarter, the same pace as in the July to September period. For all of 2015, GDP in the 19...
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Japan’s yen for zen in the financial markets
It wasn’t our fault but someone should do something about it – the reaction of Japanese policymakers to the turmoil in the world’s financial markets. Tokyo’s benchmark Nikkei index fell over 11 percent in the past week and the yen is...
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Japan’s economy weakens further, consumer spending and exports down
Japan’s economy is in a worse state than feared. Gross domestic product there shrank more than expected in the final three months of last year. Paradoxically that pushed up share prices on Monday as investors hope for more central bank...
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Reforming to tackle structural challenges
This edition of Real Economy looks at the economic buzz phrase ‘Structural Reforms’ – What does it mean? How does it impact our lives and wallets and, most importantly, when do you reform and does it work? To answer those questions...
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French economy at walking pace as Spain sprints ahead
France’s economy remains lacklustre. Growth for the final three months of last year was 0.2 percent slightly down from the previous quarter’s 0.3 percent. Official statistics just released show household spending declined after the...
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US economy slows in Q4, GDP at 0.7% and 2.4% for all of 2015
US economic growth braked sharply towards the end of last year. Americans spent less and businesses stepped up efforts to reduce the amount of inventory they had on hand. In addition exports were hit by the strength of the dollar and...
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Eurozone manufacturing off to a poor start for 2016
Manufacturing growth in the eurozone slowed in January. There was no meaningful increase in orders, even though companies slashed prices. The information comes from surveys of thousands of factory purchasing managers around the region to...