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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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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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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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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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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...
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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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Eurozone growth solid despite Brexit vote, Trump election overshadows outlook
The eurozone’s economy grew steadily in the three months after Britain’s shock vote in June to leave the European Union, but it was a mixed picture with German economic expansion not as good as expected as exports fell. Gross domestic...
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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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Greek economy still struggling despite mild Q2 expansion
Greece’s battered economy grew between April and June – but only by 0.2 percent from the first three months of the year. And the latest estimate by the government’s statistics service show the economy shrank by 0.9 percent from the same...
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Eurozone GDP growth slows in Q2, French economy stalls
The eurozone’s economic growth slowed between April and June – ahead of Britain’s vote to leave the European Union. Gross domestic product in the 19 countries using the euro rose 0.3 percent quarter-on-quarter according to preliminary...
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Spain’s economy minister raises GDP growth forecast for 2016
Spain’s economy is expected to grow this year by 2.9 percent according to acting Economy Minister Luis de Guindos who gave the updated forecast at the G-20 summit in China He had previously talked about growth of 2.7 percent. Though de...
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Continued cooling for China’s economy forecast
China’s economy seems set to continue cooling. The latest survey of economic analysts has them predicting growth of 6.6 percent in the period from April to June, down from 6.7 percent in the first three months of the year. The expected...
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French economic growth 0.2% in Q2
France’s economy grew by 0.2 percent in the period between April and June from the previous three months. That is according to the latest estimate from the country’s central bank. The data came in the Bank of France’s monthly business...
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Eurozone GDP growth revised upwards for Q1
It seems the eurozone’s economic growth was slightly better than previously thought in the first three months of this year, but still nothing to shout about. In its third and final assessment, the European statistics agency Eurostat said...
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Brazil: boom to bust story continues as GDP shrinks again
Brazil’s economic boom to bust story continues. Gross domestic product shrank again between January and March. It was the fifth straight quarter of decline and production was lower in agriculture, industry and services, the three main...
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Saudi Arabia responds to low oil prices with economic reform plan
Saudi Arabia, having forced down oil prices to try to push US shale oil producers out of business, is now having to address the problems of much less money flowing into its state coffers. Its answer is an economic reform plan including...
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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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Revised figures show Greek economy shrank 0.3 percent last year but expanded in Q4
Greece’s economy is doing slightly better than previously thought, although it remains extremely weak. Gross domestic product actually expanded in the final three months of last year, but only by 0.1 percent from the previous quarter....
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Eurozone growth confirmed at 0.3% in third quarter
The week after the ECB extended its stimulus programme and cut a key bank rate for the eurozone, data from the European Union’s Statistics Agency Eurostat confirmed earlier market expectations. Seasonally-adjusted economic growth was 0.3...
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Estonian government approves additional funding to raise defence spending to 5.4% of GDP
Estonia’s government approved the multi-billion Euro plans that will see the Baltic country boost its defence investments to over 5% of GDP, in line with Trump’s demands for NATO members.