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German GDP growth slowed from 2.2% in 2016 and 2017 to 1.5% in 2018 and reached a minimum in 5 years, the Federal Statistical Office of the Federal Republic of Germany reports. These official sources correspond to market expectations. The slowdown in economic growth is associated with a global trend towards reduced demand. Tighter regulation in the automotive industry has also affected the indicator. Consumer and government spending in Germany grew by 1% and 1.1%, respectively. Export growth slowed to 2.4% last year, although the German government ended the year with a budget surplus. The surplus amounted to 59.2 billion euros, having updated the historical maximum. The budget surplus will allow Germany to invest more than 151 billion euros in infrastructure development until 2022.
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
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