Economics Herald

Foreign investment in real estate has led to increase in house prices in the UK, according to a study by King’s College London. Without foreign investment, the average house price in the country would have been around 174,000 GBP (245,115 USD), but the inflow of foreign money led to a price increase of 215,000 GBP (302,900 USD) in 2014, compared to 70,000 GBP (98,610 USD) in 1999. Much of the […]

Germany has paid less for import of Russian natural gas than most other major buyers, according to the data of the Russian customs agency. Only the UK, which itself produces the large part of the gas it consumes, has lower import costs among. The German Chancellor Angela Merkel tries to strengthen energy relationship with Russia, opposing the US pressure to punish Vladimir Putin’s intervention in the Western elections. Germany supports […]

German business climate worsens more than expected in April, according to IFO data. The index, which measures moods in the largest economy in Europe, drops to 102.1 points on a consensus forecast for the market of 102.8 points. For comparison, in March, the benchmark reached 103.3 points. The index measuring current business conditions fell to 105.7 points versus 106.6 points measured in March. The future business climate expectations also deteriorate […]

The US housing sales rose sharply in March amid a surge in the northeastern states and the Midwest, but shortages and high prices remain key obstacles at the start of the spring season. The National Real Estate Association reported that sales of existing homes rose 1.1% to a seasonally adjusted annual figure of 5.6 million units. The sales data in February remained unchanged. This is the second consecutive month of […]

The increased tensions in the trade and geopolitical sphere, the unprecedented high level of global debt, and the increased financial vulnerability threaten the growth of the global economy. This is said in a communique released after a meeting of the the governing body of the International Monetary Fund (IMF). “The demographic challenges and low productivity growth may reduce the potential for higher and inclusive growth in the future”, says the […]