Other Economics News

Business climate in Germany improved for the second consecutive month

September 12, 2018 9:51 am0 comments
Business climate in Germany improved for the second consecutive month

German analysts and investors attitudes about the prospects for the country’s economy in the coming months improved in September for the second consecutive month, with a view to further weakening fears of a major trade war with the United States, according to a recent study of the European Economic Research Center Zew. The Zew index, measuring Germany’s future economic outlook for the next six months, rose by 3.1 points to […]

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Mark Carney agreed to remain at the head of the Central Bank of England by January 2020

9:43 am0 comments
Mark Carney agreed to remain at the head of the Central Bank of England by January 2020

Mark Carney has agreed to remain at the head of the Central Bank of England for another seven months, extending his mandate for the second time, to help the British economy run through the Brexit. British Finance Minister Philip Hammond has put an end to the speculation about the future of Mark Carney, telling MPs that he will not withdraw as planned in June 2019. “I have discussed with the […]

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UK wage rates increased in the summer

September 11, 2018 12:55 pm0 comments
UK wage rates increased in the summer

The UK wage rates increased in the summer, which could help the country’s economic growth amid the uncertainty surrounding Brexit. Britain’s National Statistics Office said on Tuesday that average earnings excluding bonuses increased by 2.9% for the three months to July compared to the same period last year, reaching 489 GBP per week. The total pay for UK workers with bonuses increased by 2.6% to 520 GBP per week for […]

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Russia’s GDP grew by 1.9% yoy in Q2 2018

September 10, 2018 11:39 pm0 comments
Russia’s GDP grew by 1.9% yoy in Q2 2018

The Russia’s GDP grew by 1.9% yoy in Q2 2018, compared with a preliminary growth estimate of 1.8% and an expansion of 1.3% in the first three months of the year. The stronger growth rate is mainly due to the profits made by hotels, the transport sector and restaurants due to the positive effect of the World Cup. In addition, the production and mining increased at a faster pace. The […]

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The Swedish krona has responded positively to the election results

3:30 pm0 comments
The Swedish krona has responded positively to the election results

The forex markets take a breath with relief after the elections in Sweden. The investors are once again turning to the local krona after the nationalist and anti-immigrant “Swedish Democrats” have received fewer votes than market participants were afraid of Sunday’s parliamentary elections. As a result, the euro fell by 0.7% to 10.42 SEK. One dollar costs 9.02 SEK, down by 0.5%. Participating in a government of Swedish Democrats would […]

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