Browse Tag

GDP

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.…

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GDP up by 2.2% and employment up by 0.7% in the euro area

3 mins read

GDP growth in the euro area and the EU– In the second quarter of 2021, seasonally adjusted GDP increased by 2.2% in the euro area and by 2.1% in the EU compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the first quarter of 2021,…

GDP up by 12.5% and employment up by 1.0% in the euro area

5 mins read

The FINANCIAL -- In the EU, GDP up by 11.5% and employment up by 0.9%. In the third quarter of 2020, seasonally adjusted GDP increased by 12.5% in the euro area and by 11.5% in the EU compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union.…

European Commission revealed Autumn 2020 Economic Forecast

5 mins read

The FINANCIAL — The coronavirus pandemic represents a very large shock for the global and EU economies, with very severe economic and social consequences. Economic activity in Europe suffered a severe shock in the first half of the year and rebounded strongly in the third quarter as containment measures were gradually lifted. However, the resurgence…

GDP up by 12.7% in the euro area and by 12.1% in the EU

1 min read

The FINANCIAL — In the third quarter 2020, seasonally adjusted GDP increased by 12.7% in the euro area and by 12.1% in the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. These were by far the sharpest increases observed since time…

Government debt up to 87.8% of GDP in EU

1 min read

The FINANCIAL — At the end of the second quarter of 2020, the quarter in which the impacts of the containment measures as well as policy responses to the containment measures fully materialised in increased financing needs, the government debt to GDP ratio in the euro area stood at 95.1%, compared with 86.3% at the…

Blockchain technologies have potential to add $1.76 trn to global GDP by 2030

3 mins read

The FINANCIAL — New analysis by PwC shows Blockchain technology has the potential to boost global gross domestic product (GDP) by US$1.76 trillion over the next decade. That is the key finding of a new PwC report Time for trust: The trillion-dollar reason to rethink blockchain,  assessing how the technology is being currently used and exploring…

Nokia research says that 5G is thought to add $8trn to global GDP by 2030

4 mins read

The FINANCIAL — 5G-enabled industries have the potential to deliver $8trn in value to the global economy by 2030 according to new research from Nokia and Nokia Bell Labs. The 5G Business Readiness Report surveys 5G adoption among businesses around the world, providing a cross-sector view of the path to full 5G deployment. This landmark report from…

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,…

Georgia’s GDP Declined by 12.3% in Q2 of 2020

1 min read

The FINANCIAL — National Statistics Office of Georgia published data of Gross Domestic Product of Georgia (2020 II quarter, preliminary data). In Q2 2020 the nominal GDP amounted to GEL 11 210.0 million. The real Gross Domestic Product (GDP) declined by 12.3 percent YoY, while the GDP deflator increased by 6.3 percent. Geostat also released…

Australia falls into the first recession in nearly 30 years

2 mins read

The FINANCIAL — 2020 is the year Australia technically lost its famous nickname as ‘The Lucky Country’ and fell into recession for the first time in almost three decades. Australia last fell into recession in mid-1990 which ran into late 1991. But the coronavirus pandemic has been a major blow to the Australian economy, although the…

Georgian economy contracted by 5.5 % in July 2020

2 mins read

The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth in Georgia (July 2020). Estimated real Gross Domestic Product (GDP) declined by 5.5 percent in July 2020 YoY and by 5.8 percent in the first seven months of 2020. In July of 2020 the estimated real growth compared to the…

Bulgarian growth rises above expectations

1 min read

Bulgarian third-quarter growth came in at 3.7% YoY in line with most countries in the CEE region. This is pushing our GDP forecast 0.3ppt higher to 3.7% for 2019…