Business

Eurozone

Eurozone May inflation declines to 0.5%

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As Eurozone May inflation declines to 0.5% (annualized) from 0.7% in April, moving further below the European Central Bank’s (ECB’s) target of 2%, economists...

Both Chinese PMIs for May encouraging

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Fears of a steep slowdown in GDP growth may have been allayed after both Chinese PMIs for May (services and manufacturing) were published. China’s...

UK May manufacturing output strong

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UK May manufacturing output grew for the fifteenth consecutive month, reflecting better economic conditions and improved order books, according to the Markit/CIPs UK Manufacturing...

May Eurozone manufacturing growth slowed down

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May Eurozone manufacturing growth registered its steepest slowdown in six months, according to Markit Eurozone Manufacturing PMI – final data. May Eurozone PMI (Purchasing...
Asia

Asian overall debt increased in 2013

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At 208% of GDP, Asian overall debt reached a record high in 2013, compared to 192% the previous year. Indebtedness increased across the whole...

Prostitution plus illegal drugs 0.7 percent of UK GDP

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Prostitution plus illegal drugs make up approximately 0.7% of the United Kingdom’s GDP, i.e. about £10 billion ($16.76 billion) each year. Illegal drugs are...
Brazil

Brazilian economy grew 0.2% in Q1 2014

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The Brazilian economy grew by just 0.2% during the first quarter of 2014 compared to the previous quarter, says the Brazilian Institute of Geography...

India GDP growth 4.6% in Q1 2014

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India GDP growth of +4.6% for the first quarter of 2014 (the fourth quarter of India’s financial year) was the same as in the...

UK 2014 economic forecast will be a 7-year high

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The British Chambers of Commerce (BCC) has upgraded its UK 2014 economic forecast to 3.1% from 2.8%, while its 2015 forecast has increased to...

May UK economic growth record high

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May UK economic growth came in at a record high, according to data released by the the Confederation of British Industry (CBI). May's figure...