Other Economics News

The EU and Eurozone economy continues to grow in the second quarter

September 7, 2018 10:54 pmComments Off on The EU and Eurozone economy continues to grow in the second quarter
The EU and Eurozone economy continues to grow in the second quarter

The European Union (EU) economy grew by 0.4% in the second quarter of 2018, according to the original seasonally adjusted data of Eurostat. Thus, the EU economy kept its growth in the first three months of this year. On an annual basis, however, the gross domestic product of the EU increased by 2.1% in the period April-June. However, there was a slight slowdown in comparison with the previous quarter when […]

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German exports and industrial production declined in July

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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New European directive will increase safety requirements

1:39 pmComments Off on New European directive will increase safety requirements
New European directive will increase safety requirements

New European directive oblige employers to take measures to limit the impact of 50 carcinogenic materials. A two-year campaign for the management of dangerous substances will take place before the final document is adopted in the European Union. Its initiator is the European Agency for Safety and Health at Work at the European Commission. The campaign will start officially in October and will continue throughout 2019. Tackling the impact of […]

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British industrial activity reached a 25-month low

September 4, 2018 5:38 amComments Off on British industrial activity reached a 25-month low
British industrial activity reached a 25-month low

British industrial activity reported its weakest month in more than two years and export orders declined unusually in August. The data give an alarming signal that the slowdown in the world economy, as well as the approaching Brexit, put pressure on British factories. The Purchasing Managers’ Index (PMI) for the industry sector, prepared by IHS Markit and the British Purchasing and Supply Institute (CIPS), dropped to 52.8 points, the lowest […]

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