Articles by: Viliyana Filipovamm

German exports and industrial production declined in July

September 7, 2018 10:50 amComments Off on German exports and industrial production declined in July
German exports and industrial production declined in July

German exports and industrial production reported an unexpected decline in July, which is a new sign that producers in the largest European economy feel the impact of US President Donald Trump’s protectionist trade policies. According to data from the Federal Statistical Office, the seasonally adjusted exports for July decreased by 0.9% on a monthly basis, while imports increased by 2.8%. This is the biggest surge in imports for nearly four […]

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Republic of South Africa went in recession for the second time in the past two years

September 5, 2018 1:42 pmComments Off on Republic of South Africa went in recession for the second time in the past two years
Republic of South Africa went in recession for the second time in the past two years

The Republic of South Africa announced a decline in its gross domestic product (GDP) by 0.7% for the second consecutive quarter, putting it technically in recession for the second time in two years, indicating a chronic weakness. According to the South African Statistical Office, the GDP of the continent’s most developed industrial economy shrank by 0.7% in the second quarter of 2018 after falling by 2.6% (adjusted data) in the […]

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Japanese industrial activity rose in August 2018

September 3, 2018 8:50 amComments Off on Japanese industrial activity rose in August 2018
Japanese industrial activity rose in August 2018

Japanese industrial activity rose in August at a slightly faster pace than in the previous month thanks to an increase in new orders. However, a decline in exports may further exacerbate concerns about how international trade conflicts will affect the country’s economy. The PMI for Manufacturing Production orders rose to 52.5 points in August, from 52.3 points in July. The index remains above the 50-point limit that divides the contraction […]

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Eurozone unemployment remains unchanged in July 2018

September 2, 2018 10:47 amComments Off on Eurozone unemployment remains unchanged in July 2018
Eurozone unemployment remains unchanged in July 2018

The unemployment in the Eurozone in July remains unchanged at 8.2% from the previous month. This is clear from seasonally adjusted Eurostat data. For comparison, in July 2017 the share of people without work in the Eurozone was 9.1%. The current level is the lowest for the Eurozone since November 2008 In the European Union, unemployment is at 6.8% in July, improving from 6.9% in June and 7.6% in July […]

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Turkey raised the tax on foreign currency deposits

September 1, 2018 10:20 pmComments Off on Turkey raised the tax on foreign currency deposits
Turkey raised the tax on foreign currency deposits

Turkey raised the tax on foreign currency deposits and removed taxes on those in Turkish lira in its efforts to support its troubled currency. According to today’s decision, the tax on foreign currency deposits with a term of up to six months increases from 18% to 20%. At the same time, the tax on deposits in Turkish lira with a term over one year is reduced from 10% to 0%. […]

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