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British economy grows as consumers splash the cash
The UK economy grew 1.8 percent in the fourth quarter according to the Office for National Statistics. The main driver was consumer spending, but there are signs of Article 50 jitters. Business investment declined. What’s next for the...
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Europeans shop till they drop in February
European consumers continue to spend according to the latest figures for retail sales in February, which showed a larger-then-expected increase especially in clothing as shoppers splurged more than usual on new looks for 2017. Higher...
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America’s economy roars with fastest job creation in over two years
American companies added 263,000 workers in March, the fastest rate of job creation in the US since December 2014. More jobs are expected to be created in the coming months, shortening the odds on the Federal Reserve moving to calm...
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IMF’s Lagarde upbeat on growth, worried about protectionism risks
The recovery of the world’s economy is gaining momentum according to the head of the International Monetary Fund Christine Lagarde. But – in what could be seen as a criticism of US President Donald Trump’s ‘America First’ trade agenda –...
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How should Europe react to inflation forecasts?
Lucrezia Reichlin, Professor of Economics, London Business School: The countries that are part of the Euro Area – I think that definitely the European Central Bank should keep on providing the stimulus that has been provided. I think an...
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Businesses need Europe to change
Anne-Sophie Panseri, CEO, Maviflex: I’ll be optimistic because the development of my company is involved, and it is a major issue for us, but I think that Europe needs to rethink its organization. I think we are at a point where, as...
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Federal Reserve raises benchmark interest rate to 1.0 percent
The cost of borrowing has been put up again in the United States. The central bank, the Federal Reserve, raised interest rates for the second time in three months. The benchmark rate was lifted from 0.75 percent to 1.0 percent. Fed chair...
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Poland... a rising economic star?
Poland has a new Minister for Entrepreneurship and technology. Her name is Jadwiga Emilewicz. She’s looking to take inspiration from her experience of studying abroad and living in Poland. She says she knows partnerships with other...
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UK shopping slowdown signals weaker growth
There was mixed news for Britain’s economy as the Organisation for Economic Co-operation and Development revised up its forecast for UK growth for this year but was gloomier about next year. It believes rising inflation will mean British...
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Eurozone factory growth hits six-year high in February, France lags
Eurozone manufacturing growth accelerated to a six-year high in February. However, the latest surveys of purchasing managers at 3,000 companies showed that was not shared by all major economies. France was a laggard with manufacturing...
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Eurozone inflation at four-year high of 2% increases pressure on ECB
Eurozone inflation surged to its highest in four years last month. Consumer prices in the 19 countries using the euro rose by 2.0 percent from February last year – up from January’s 1.8 percent. Producer prices – the amount that...
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China cuts its growth target to 6.5% for 2017
China has cut its growth target this year. The world’s second-largest economy aims to expand by 6.5 percent, the premier announced at the opening of the annual meeting of parliament. The country had set a target of 6.5 percent to 7.0...
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West looking up
Alberta is expected to have the fastest growing economy this year, according to Marie-Christine Bernard of The Conference Board of Canada
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British economy finishes 2016 strongly but Brexit effects loom
Britain’s economy sped up at the end of last year expanding by more than previously estimated with improved manufacturing growth and stronger exports thanks to the weaker pound. The latest figures from the Office for National Statistics...
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German economy and budget surplus soar, but Merkel shuns new debt
Manufacturing powered ahead last year in Germany to give the economy strong growth and the government a record budget surplus of 23.7 billion euros. The country’s treasury benefited from soaring tax revenues, rising employment and low...
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Commission tells Germany to boost public investment
The European Commission says Germany’s sound public finances mean it could put more money into public investment to boost growth. “Germany started last year to boost public investment as we wanted, it has do more and we will closely...
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Japan’s economic growth overshadowed by Trump protectionism fears
Japan’s economy continues to grow but it is not clear how sustainable that is in the face of weak spending by the country’s consumers and the possibility of US protectionist policies. Gross domestic product was up in the final three...
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EU casts doubt on British growth prospects amid Brexit uncertainty
An official EU forecast published on Monday said that Britain’s economic growth will slow over the next two years amid uncertainty that surround the country’s future relationship with the EU. Prime Minister Theresa May is widely expected...
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EU casts doubt on British growth prospects amid Brexit uncertainty
An official EU forecast published on Monday said that Britain’s economic growth will slow over the next two years amid uncertainty that surrounds the country’s future relationship with the EU. Prime Minister Theresa May is widely...
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Eurozone economic growth revised down for end of 2016
Eurozone economic growth in the final three months of last year was not as good as initially thought. The statisticians at Eurostat previously estimated GDP expanded by 0.5 percent quarter-on-quarter, but on Tuesday they revised that...
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French unemployment slips, still high
Unemployment in France remains high but the rate has fallen – though only slightly – for the second year running. For the final three months of 2016 the jobless rate slipped to 9.7 percent of the workforce for mainland France – down from...
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No Brexit vote effect as UK economy enjoys robust growth
Britain enjoyed robust economic growth in the final three months of last year – rising by 0.6 percent from the previous quarter. That completely undermined the warnings that June’s vote for the UK to leave the European Union would cause...
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US economic growth slows in Q4 2016 from weak exports
US economic growth slowed more than expected in the final three months of last year. The first official estimate from the Commerce Department showed gross domestic product increased by 1.9 percent from the same period in 2015. That was a...
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Soybean slowdown: weaker exports hit US economic growth
They are calling it the soybean slowdown. The first official estimate of US economic growth in the final three months of last year showed it was much weaker than the previous quarter. One reason – there was a big jump in exports of US...