House prices in London reported their biggest decline in July in nearly a decade, according to the data from the National Statistics Service. The house prices fell by 0.7% yoy, which is the biggest decline since September 2009. The average property price in the British capital in July is 485,000 GBP. This sliced off around 2,500 GBP per home. A separate one-off ONS analysis of the London property market concluded […]
Economics
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Brexit deal is still a long way off
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Rapid population growth in Africa could jeopardize progress towards reducing poverty
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Lagarde: The world has to spend more to meet its development targets
The world needs to increase its spending if wants to meet its ambitious goals of poverty reduction and environmental...
Bundesbank expects expanding of the German economic activity
Despite the unexpectedly weak start of the year, the German central bank (Bundesbank) expects the country’s economy to accelerate in the second half of the year. “The upturn in Germany will remain unaffected last but not least due to the continuing positive internal situation”, says the institution’s monthly report. In July, sinking industrial orders, declining output and declining exports raised doubts about that. “The German economy started weak during the […]
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