German economic growth remained at a high level in Q3 2017

October 24, 2017 12:28 pmComments Off on German economic growth remained at a high level in Q3 2017
German economic growth remained at a high level in Q3 2017

German economic growth remained at a high level in Q3 2017, boosted by industrial procurement, which overshadowed the weakening activity in construction and private consumption. “The industry, backed by rising demand for export goods, is likely to keep its role as a major pillar of the strong economy”, says the monthly report of the German central bank Bundesbank. “The situation with the orders of the industrial companies is excellent”, added […]

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European countries’ government debt declines in 2016

October 23, 2017 12:01 pmComments Off on European countries’ government debt declines in 2016
European countries’ government debt declines in 2016

The government debt for the Eurozone and the European Union (EU) as a whole declines on an annual basis in 2016. The debt-to-GDP ratio in the single currency area fell from 89.9% at the end of 2015 to 88.9% at the end of last year, while in the EU decrease is from 84.5% to 83.2%. The EU’s statistical agency includes data on government deficits, and it is also declining for […]

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Chinese economy expected to meet its official growth target in 2017

October 21, 2017 10:47 amComments Off on Chinese economy expected to meet its official growth target in 2017
Chinese economy expected to meet its official growth target in 2017

Chinese economy expected to meet its official growth target in 2017, according to the state planning agency, despite the country’s fight against pollution, which is expected to shrink production in the winter months. China has forced 28 cities in smog-filled northern regions to reduce harmful emissions in the air, known as PM2.5, by at least 15% from October to March, which is expected to drop some steel production by up […]

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Canadian inflation is accelerating in September 2017

10:32 amComments Off on Canadian inflation is accelerating in September 2017
Canadian inflation is accelerating in September 2017

The Canadian inflation is accelerating at a slower than expected rate in September 2017, according to the data from the national statistics office. The consumer prices rose by 0.2% on a monthly basis, after the previous month’s increase was 0.1% and against estimates for growth of 0.3%. On an annual basis, Canadian inflation is 1.6%, which corresponds to expectations and is more than the 1.4% CPI growth in August. Beyond […]

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UK budget deficit shrinks in September 2017

9:03 amComments Off on UK budget deficit shrinks in September 2017
UK budget deficit shrinks in September 2017

The UK budget deficit shrinks in September 2017, exceeding the economists expectations, supported by a rise in revenue from income taxes and VAT. The UK budget deficit amounted to 5.9 billion GBP against 6.6 billion GBP an year earlier, according to data from the National Statistical Office. The value is less than the estimated 6.5 billion GBP. On an annual basis, revenues grew by 3.4%, with taxes on income increasing […]

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