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The GDP of the UK for the period from November to January increased by 1.1% compared to the same period a year earlier, official data showed. Thus, despite the continuing uncertainty as the UK’s EU exit approaches, the country has returned to economic growth. The growth of the British economy in January was 0.5% compared to December, when GDP decreased by 0.4%. The main contribution to the increase in GDP in the period from November to January was made by the services sector. The most significant growth was demonstrated by wholesale and retail trade, whereas in industrial production and construction there was a decline. In 2018, investments came under pressure due to the lack of a decision on the terms of Brexit. This was the cause of the weakest annual growth since 2012.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
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 ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Oil prices gained for the third day on Tuesday, supported by a bounce in demand from efforts to lift the U.S. economy as it struggles to recover from the coronavirus pandemic. Prices were also buoyed by a weakening dollar, making it ...
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