Browse Tag

economic

Inflation sours economic prospects for Italy

1 min read

The FINANCIAL —  Italy continues to be dogged by “excessive imbalances” on the macroeconomic front reports the European Commission in its European Semester Spring Package according to London Business school.…

How economic sanctions are affecting Russia

1 min read

The FINANCIAL — Russian citizens are already feeling the punishing effects of economic sanctions imposed by Western powers over the invasion of Ukraine, and the financial situation for most people is likely to deteriorate.…

Tracking inequality in real time — a powerful new tool from Berkeley economists

2 mins read

UC Berkeley economists have launched a powerful new web tool that allows users to track, almost in real time, how economic growth and public policy affect the distribution of income and wealth among classes in the United States.…

Volume of retail trade up by 0.2% in euro area and by 0.3% in the EU

2 mins read

The FINANCIAL — In October 2021, the seasonally adjusted volume of retail trade increased by 0.2% in the euro area and by 0.3% in the EU, compared with September 2021, according to estimates from Eurostat, the statistical office of the European Union. In September 2021, the retail trade volume decreased by 0.4% in the euro…

Vaccine Inequity Undermining Global Economic Recovery

2 mins read

The FINANCIAL —  New Global Dashboard on COVID-19 Vaccine Equity finds low-income countries would add $38 billion to their GDP forecast for 2021 if they had the same vaccination rate as high-income countries. Global economic recovery at risk if vaccines are not equitably manufactured, scaled up and distributed, WHO notes.…

Georgia’s GDP declined by 5.3% in August 2020

1 min read

The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth. Estimated real Gross Domestic Product  (GDP) declined by 5.3 percent in August 2020 YoY. Asian Development Bank’s new report says that Georgia is forecast to return to the economic growth of 4.5 % in 2021 thanks to expected recoveries in tourism,…

German industry predicts rise in output

3 mins read

The FINANCIAL — German manufacturers ramped up production for the third straight month, though the pace of growth slowed in July. Industrial output rose 1.2 percent, less than forecast by economists. The increase was led by carmakers while machinery retreated. Investment-goods production still increased by 2.1 percent. German industry sees growth in output and orders weakening…