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UK growth revised down as slow production hits
The global bounce in trade and investment appear not to have helped boost business in Britain, according to the latest figures from the Office of National Statistics. UK growth has been revised down from 0.5 to 0.4 percent Speaking...
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Economic forecast strong for Europe
Eurozone economic growth is likely to slow slightly this year and next, from its fastest expansion in a decade last year. That's according to the European economic and financial affairs commissioner Pierre Moscovici, although he added...
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Moody’s upgrades eurozone GDP growth, downgrades USA
Ratings agency Moody’s has upgraded the eurozone’s GDP forecast, noting significant improvement in several individual member states, and has downgraded US GDP growth. The growth is being driven by consumer confidence, and strong export...
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Eurozone’s GDP growth outlook rosier, eastern members catching up
The eurozone posted GDP growth of 0.6% in the second quarter of 2017, and while the euro’s inexorable rise against the dollar this year has put some strain on exporters, prospects are looking unusually rosy. Both the Czech and Polish...
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Slower growth seen
Craig Alexander of the Conference Board of Canada, on a warning to the finance minister of slower times ahead
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Global inequality
Sheila Block of The Canadian Centre for Policy Alternatives on Oxfam's new report on wealth gap
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North Korea economy undergoes rapid growth
North Korea’s economy grew at its fastest pace in 17 years in 2016 despite the isolated country facing international sanctions to curb its pursuit of nuclear weapons. The expansion, driven by mining and energy, marked the biggest rise...
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UK and US growth forecasts down
Both the US and the UK are to have a slower economic growth than previously predicted according to the International Monetary Fund. The IMF shaved its forecasts for U.S. growth to 2.1 percent for 2017 and 2018, slightly down from...
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German enjoys strong economic growth in Q1
Gross domestic product in Germany picked up in the first three months of this year. Europe’s biggest economy grew by 0.6 percent between January and March compared to the previous quarter. That improvement came from companies investing...
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Greek economy back in recession
Greece’s economy slipped back into recession in the first three months of the year amid delays in approving its latest bailout loan. Gross domestic produce shrank by 0.1 percent between January and March compared to the final three...
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Eurozone growth steady, no protectionist hit to trade
There was steady rather than spectacular growth by the eurozone economy in the first three months of the year. It expanded 0.5 percent from the previous quarter, with Q1 up 1.7 percent year-on-year. The best performer of the 19 countries...
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UK manufacturing output and orders strong
British’s manufacturing sector is showing strong growth. A monthly survey by the Confederation of British Industry (CBI) found output in the past three months rose by the most in more than three year with factory orders expanding at a...
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Eurozone private sector growth stays strong
Businesses across the eurozone have maintained April’s blistering growth rate this month, according to surveys of thousands of companies. Their main problem is meeting growing demand, so firms said they are building up backlogs of work....
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Bank of England says solid economic growth is linked to ‘smooth’ Brexit
The head of the UK’s central bank Mark Carney has said Britain should enjoy solid economic growth through to the end of the decade, but only if the government achieves a smooth departure from the European Union. The Bank of England (BoE)...
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Eurozone economy starts 2017 robustly
The eurozone economy started the year with robust growth according to preliminary estimates from the European statistics agency Eurostat. Setting the stage for a strong 2017, gross domestic product in the 19-countries that make up the...
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Eurozone business activity at a six-year high
There has been more positive news on the eurozone’s economic recovery as we learned that the region’s businesses are racing ahead. Manufacturing and services companies said they increased activity at the fastest rate in six years in...
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Facebook profit surges, closing in on two billion monthly users
The number of people Facebook says log on to it every month has hit a new record – 1.94 billion. The dominant social media network revealed that new total as it reported surging quarterly profit and revenue. But Facebook’s shares fell in...
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Spain set to nearly match 2016 economic growth
Spain’s Economy Minister has said GDP there is on track to grow this year almost as much as it did in 2016 – which was 3.2 percent from a year earlier. In a radio interview Luis de Guindos said he based that on “signs of acceleration” in...
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Finland fights plastic pollution with “green” bags
This week, Business Planet is in Helsinki, at the headquarters of SITRA, the Finnish Innovation Fund. Plastic Pollution Plastic pollution is one of the biggest threats to the environment. Each person in the EU uses up to 200 plastic bags...
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Britain’s economic growth slows sharply
The latest official figures show a sharp slowdown in Britain’s economic growth in the first three months of this year. Briton’s are spending less as inflation rises linked to the fall in the value of the pound after last year’s Brexit...
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Spain’s economic growth continues apace
Spain’s economy continues to turn in strong growth, making it one of the fastest-expanding in Europe. Preliminary figures from the national statistics institute show gross domestic product rose by 0.8 percent in the first three months of...
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France: weak GDP growth ahead of final election round
With the final round of the French presidential election looming, Friday’s focus was on the country’s economy which continued its anaemic growth in the first three months of the year. We learned it expanded by just 0.3 percent, slightly...
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US posts economic growth of 2.1 percent
The US economy showed rigourous consumer spending in the fourth quarter and slowed less than was previously reported. GDP increased to an annualised 2.1 percent up from previous estimate of 1.9 percent. U.S. corporate profits rose again...
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Eurozone inflation slows thanks to falling oil and food prices
Eurozone inflation slowed more than expected dragged down by stable energy prices. Inflation in the 19 country euro is 1.5 percent down from 2.0 in February. Core inflation, which excludes volatile prices of energy and unprocessed food,...