Search results “Eu gdp growth rates”
EU GDP growth decreases more than expected in Q3 | Money Talks
The eurozone's economy has expanded at its slowest pace in four years. The latest figures from Eurostat reveal GDP growth across the 19 countries was cut in half in the third quarter. That's mainly due to new emissions standards that hit German car production as well as stagnation in Italy, the bloc's third-largest economy. Claus Vistesen, Chief Eurozone Economist at Pantheo Macroeconomics, joins us for further insight into the story. #EUGDP #Europe #Economy
Views: 407 TRT World
Earlier release of European GDP growth rates by Eurostat
From 29 April 2016 onwards, Eurostat will publish preliminary flash estimates of quarterly GDP for the euro area and for the European Union at 30 days after the end of the quarter, compared with 45 days previously. This means that both the European and US GDP growth rates will now be released at around the same date, simplifying access to high quality data for people interested in world-wide macro-economic statistics. Watch the video to get more information!
Views: 4048 Eurostat
How Does German Economy Compare to United States Economy?
How do US economy and German Economy compare? Can German economy beat United States economy soon? 🐻 SUBSCRIBE TO OUR NEW CHANNEL: Fuzzy & Nutz 🐿️ ►►► http://bit.ly/fuzzyandnutz WEBSITE (You can suggest a topic): http://theinfographicsshow.com SUPPORT US: Patreon.......► https://www.patreon.com/theinfographicsshow CHAT: DISCORD.....►https://discord.gg/theinfographicsshow SOCIAL: Facebook...► https://facebook.com/TheInfographicsShow Instagram..► https://www.instagram.com/theinfographicsshow Twitter........► https://twitter.com/TheInfoShow Subreddit...► http://reddit.com/r/TheInfographicsShow -------------------------------------------------------------------------- Sources for this episode: https://pastebin.com/NMWsUwcm
Views: 616336 The Infographics Show
European Growth: What? Why? And Where to from Here?
Europe’s economy continued to expand in the first half of 2018, although at a slower-than-expected pace. Driven by domestic demand, economic activity continued to expand in the first half of 2018, the IMF said in its latest health check of Europe’s economy. But the outlook is less favorable. Read the IMF Economic Regional Outlook for Europe, November 2018 edition, at https://www.imf.org/en/Publications/REO/EU/Issues/2018/11/07/EURREO1118
Views: 224349 imf
U.S. GDP growth rate surges. Did markets care?
Visit our blog - http://blog.russellinvestments.com/?utm_medium=social&utm_source=youtube.com&utm_campaign=corp-120916--MWIR In the latest video update: • Why market reaction to the latest U.S. GDP number was negligible • Reaction to U.S.-EU trade agreement • Key takeaways from Q2 earnings season IMPORTANT DISCLOSURE: Interviews were filmed as of the date mentioned in the video, these views are subject to change at any time without notice based upon market or other conditions and are current as of that date. It is made available on an "as is" basis. Russell Investments and Russell Investments Canada Limited does not make any warranty or representation regarding the information. While all material is deemed to be reliable, accuracy and completeness cannot be guaranteed. This is not an offer, solicitation or recommendation to purchase any security or the services of any organization. Investing in capital markets involves risk, principal loss is possible. There is no guarantee the stated outcomes in the presentation will be met. The video may contain forecasting or other forward-looking information, this information is inherently uncertain and may be incorrect. This is a presentation of Russell Investments and Russell Investments Canada Limited. Nothing in this presentation is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The contents of this presentation are intended for general information purposes only and should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. This material is proprietary and may not be reproduced, transferred, or distributed in any form without prior written permission from Russell Investments. Russell Investments is the operating name of a group of companies under common management, including Russell Investments Canada Limited. Russell Investments’ ownership is composed of a majority stake held by funds managed by TA Associates with minority stakes held by funds managed by Reverence Capital Partners and Russell Investments’ management. Frank Russell Company is the owner of the Russell trademarks contained in this material and all trademark rights related to the Russell trademarks, which the members of the Russell Investments group of companies are permitted to use under license from Frank Russell Company. The members of the Russell Investments group of companies are not affiliated in any manner with Frank Russell Company or any entity operating under the “FTSE RUSSELL” brand. CORP-11323 Date of first use: July, 2018
Views: 499 Russell Investments
Global trade tensions: a risk for the EU economy
BusinessEurope Director General Markus J. Beyrer presents the main points of Economic Outlook Autumn 2018. He highlights that despite the recent slowdown, businesses still expect EU growth to proceed above its long-term rate. However, businesses see the danger of escalating trade conflicts as a key risk, with the IMF estimating that such an escalation would reduce global GDP by almost one percent in 2020.
Views: 100 BusinessEurope
Top 20 Country GDP (PPP) Ranking History (1980-2023)
The Dynamic Graph (Data Visualization) Shows the Top 20 Countries with the Highest GDP PPP from 1980 to 2023. The Ranking includes superpowers, such as United States, China, Japan, India, and Germany. It also compares the total GDP (PPP) of different continents from the Top 20 countries, mostly North America, Europe, and Asia. Support us and check out our Patreon for exclusive free-to-use vector illustrations/images: https://www.patreon.com/wawamustats Learn more about GDP: https://amzn.to/2RvE4Mi Learn more about the rise of economy in India and China: https://amzn.to/2F6x2fH Purchasing power parity (PPP) is a neoclassical economic theory that states that the exchange rate between two countries is equal to the ratio of the currencies' respective purchasing power. Facebook: https://www.facebook.com/WawamuStats Twitter: https://twitter.com/StatsWawamu Music: Home by Whitesand https://www.youtube.com/watch?v=3r8gL1vWGx0 #gdpranking #chinagdp #usgdp Subscribe here: https://www.youtube.com/c/WawamuStats?sub_confirmation=1
Views: 612272 WawamuStats
Trump: On track to hit highest annual growth rate in over 13 years
President Donald Trump discusses the second-quarter GDP and the state of the U.S. economy.
Views: 9120 Fox Business
Which Countries Have Shrinking Populations?
» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe After a historic election, Greece's Prime Minister Alexis Tsipras promised to roll back austerity measures imposed by its European partners. But will this anti-austerity gamble work? Learn More: German Economy Minister Says Greece Should Not Burden Europe With Its Internal Political Debates http://www.ibtimes.com/german-economy-minister-says-greece-should-not-burden-europe-its-internal-political-1798774 "The German economy minister has said that Greece must respect the terms of its international bailout, and that the "troika" of international lenders was not to blame for economic inequality in the country." Alexis Tsipras begins rolling back Greek austerity policies http://www.theguardian.com/world/2015/jan/28/greece-new-prime-minister-halts-austerity-policies "In a dramatic start to his tenure in office, Greece's new prime minister, Alexis Tsipras, has begun unpicking the deeply unpopular austerity policies underpinning the debt-stricken country's bailout programme." Greek Bank Bonds Tumble After ECB Restricts Funding Windown http://www.bloomberg.com/news/articles/2015-02-05/greek-bank-bonds-tumble-after-ecb-ends-access-to-funding-window "Bonds of Greek banks tumbled after the European Central Bank said it would restrict their access to funding, raising financing costs and limiting the availability of liquidity." European Central Bank throws Greece lifeline before eurozone talks http://www.theguardian.com/business/2015/feb/12/european-central-bank-greece-eurozone-talks-emergency-lending-alexis-tsipras "The European Central Bank has thrown Greece a lifeline to prevent Athens running out of money before crunch talks with European leaders." Watch More: Why the US & China are investing in Africa: https://www.youtube.com/watch?v=lq0bKvEg560 _________________________ NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today. More from NowThis: » Subscribe to NowThis News: http://go.nowth.is/News_Subscribe » Like NowThis World on Facebook: https://go.nowth.is/World_Facebook » Connect with Judah: Follow @judah_robinson on Twitter – Facebook: http://go.nowth.is/LikeJudah » Connect with Versha: Follow @versharma on Twitter – Facebook: http://go.nowth.is/LikeVersha http://www.youtube.com/nowthisworld
Views: 777422 NowThis World
Looking to 2060: A Global Vision of Long-term Growth
The balance of economic power is expected to shift dramatically over the coming half century, with fast-growing emerging market economies accounting for an ever-increasing share of global output, according to new OECD research. For more information visit: www.oecd.org/economy/lookingto2060.htm
Views: 441584 OECD
Fastest Growing Countries in the World
From countries with rapidly growing populations to countries gaining wealth quite rapidly, here are 11 fastest growing countries in the world. Subscribe to American Eye! 4. Panama While many Central American countries are beginning to move in the wrong direction, Panama is unique and home to the strategic canal. On one side of Panama is the Pacific Ocean and on the other side is the Caribbean sea. The US was the one who built the Panama Canal back in 1914 but no it’s the Panamanians who wreak the benefits of this modern wonder of engineering, which is certainly one of the reasons they’ve been able to grow. Panama gained full control of the canal thanks to a treaty in 1999. In 2016, The canal has expanded since then order to accommodate much larger ships. This should certainly be an important factor for the future of Panama. GDP has been continually increasing since 2012 however the wealth distribution here hasn’t been all that great with ¼ of the population living under the poverty line. Due to Panama’s tropical climate, they’ve been able to grow numerous crops which can be easily exported thanks to the expansion of their canal. The sky's the limit for panama if they can maintain social order 3. Ethiopia Believe it or not, but the country of Ethiopia has made drastic improvements in the past decade and both their GDP and population is on the rise. Ethiopia is home to one of the fastest growing economies in the world and their GDP growth percentage has been well above the world average. This measured in at first place reaching 8.3 percent in 2016, right above Uzbekistan. China has been willing to invest in Ethiopia’s infrastructure plan but everyone still kind of worried a drought might happen again which will set them back again. Despite the drought that set them back, they’ve been export quite a few products including coffee, sugar and cereals. Other industries appear as though they’ll surpass ethiopia’s agriculture such as leather manufacturing and gold mining. 2. India With an ever growing GDP per capita, India continues to surprise people how fast they are able to grow. It’s now the 2nd largest country by population. Home to one of the earliest civilizations in the Indus Valley, India has been a thriving nation full of resources and many foreign invaders knew this. However, in modern times, it’s taken india quite a while to adjust. Within the past few decades, they’ve become a global force to reckon with. Some major cities such as New Delhi and mumbai have over 20 million residents each. They seem to exponentially be growing in population and their population has risen by 200 million people since 2001. 1. Indonesia With 261 million people, indonesia is becoming a rapidly growing nation both economically and by population. From 1960 to the mid 1990’s the population here has doubled from 100 million to 200 million and they’ve continued to grow since. With naturally beautiful places such as Bali and various volcanoes, indonesia is home to many resources, even one of the biggest gold mines in the world. They now have the largest economy in southeast asia, and many believe they will continue to be a close 2nd to china in terms of economic growth in Asia. They replaced India as the 2nd fast growing G-20 economies.With their focused on a large variety of things such as agriculture, mining, manufacturing, and tourism, they don’t have all their eggs in one basket. Indonesia is a large manufacturer of many cheap goods, but unlike china, many people in the country will be the people who buy them. The rapid growth has taken its toll on the environment like many of these countries. The citarum river near the capital of Jakarta is labeled as one of the most polluted rivers in the world. Although the government appears to rather easily corruptible, it’s shown signs of progressing
Views: 498747 American Eye
2017 GDP Growth in Central & Eastern Europe | Erste Group
GDP growth likely soared in the first quarter of 2017 in Central & Eastern Europe ➡ Subscribe: https://goo.gl/uq0vlT ➡ Sign up for Research: https://goo.gl/F6Ar7C Besides an expected uptick in household consumption due to higher wages and lower unemployment, industrial output seems to be catching up with the near-record levels in manufacturing PMIs throughout CEE as well. This does not just mean higher growth, but could also indicate a better external balance situation. Topics of this video: - GDP growth eastern Europe 2017 - Eurozone growth 2017 - 2018 eastern Europe forecast - eastern European economy 2017 - eastern Europe economy 2017 - eastern Europe GDP growth forecast - CEE growth forecast 2017 - eastern Europe economy data 2017 - 2018 outlook eastern Europe +++ Erste Group is one of Central and Eastern Europe's foremost financial services group. We have an extensive franchise in the fastest growing economies in the region, based on providing million customers with a high standard of personal service and a comprehensive range of financial products. +++ Erste Group: https://goo.gl/oiZKf0 Research Center: https://goo.gl/6S2BYZ Expertise in CEE Central and Eastern Europe: https://goo.gl/b1xhqb Market Overview: https://goo.gl/4zEkyu Recent Country Research: https://goo.gl/xn4ntX Sign Up: https://goo.gl/F6Ar7C
Views: 1415 ErsteInvestment
EU launches $47.46 billion fund to drive Africa's economic growth
The European Union has launched a $47.46 billion Africa Economic Development Fund aimed at helping Nigeria and other African countries drive economic growth and development. The EU is already developing a strategic framework for the implementation and disbursement of the fund. The hope is that the fund will go a long way in reducing the number of refugees who seek greener pastures in European countries.
Views: 590 CGTN Africa
EU and PH, GDP growth, Mueller | Midday wRap
Today on Rappler: The European Union confirms the Philippines will no longer accept new EU grants. The Philippine economy grew by 6.4% in the first quarter of 2017, lower than the previous quarter. The United States Department of Justice names a former head of the Federal Bureau of Investigation as special counsel to lead the investigation into Russian meddling in the 2016 election. For more: http://s.rplr.co/CbVJGWX Follow Rappler on Social Media: Facebook - https://www.facebook.com/rapplerdotcom Twitter - https://twitter.com/rapplerdotcom Instagram - http://instagram.com/rappler YouTube - https://www.youtube.com/rappler/?sub_confirmation=1 SoundCloud - https://soundcloud.com/rappler Google+ - https://plus.google.com/+Rappler/ Tumblr - http://rappler.tumblr.com/ http://www.rappler.com/
Views: 4704 Rappler
EU forecasts mild economic growth, warns of high unemployment
'Recovery in the European Union is gaining ground'. With this message, EU commissioner Olli Rehn launched the bloc's winter economic forecast, showing higher growth in Europe than previously expected. Speaking at the European Parliament on Tuesday, Rehn said that the 18 eurozone countries would grow by 1.2% this year and 1.8% in 2015. But warning that signs of recovery are still 'modest', Rehn also highlighted that unemployment across the bloc remains too high. "All EU economies are expected to be growing again by next year. All in all, the worst of the crisis may be behind us, but this is not an invitation to be complacent." "Recovery in the European Union is gaining ground and spreading across countries, although it remains still modest. It is good news that economic activity has also started to strengthen in the vulnerable countries. The differences in growth rates between countries are projected to narrow in this period of 2014-2015." said EU Economic and Monetary Affairs Olli Rehn. While the Commission insists that the eurozone is gradually recovering from its worst crisis in decades, MEPs criticized that the current economic reform policies are increasing inequalities across Europe. "Mr Rehn we are all for the Semester and coordination of economic and social policies across Europe . The Semester is an essential tool, but it is targeted solely to two objectives, reducing public spending and the cost of labour and that means reducing incomes and the social protection. Do you think seriously that is going to get us out of the crisis?" said French Green MEP Philippe Lamberts. "How can we speak of improvement when Growth in 2013 was 0.0% ? and with 27 million unemployed people in Europe, one out of 5 young people are unemployed, can we speak of improvement Mr Barroso when we have 24% of Europeans homes on the verge of the poverty line and social exclusion? Can we speak of recovery when after investing 500 billion euros in the European financial system, credit is still almost unavailable or at a very high rate? NO Mr Barroso." said Spanish S&D MEP Sergio Gutierrez Prieto. According to the Commission, a steady expansion driven by domestic demand is expected in Germany, but France, the Netherlands and Italy will only see a mild economic recovery.
Views: 358 EURACTIV
Historical GDP (PPP) Growth of European Union (EU) Countries.
IIGE Present Historical GDP (PPP) Growth of European Union (EU) Countries from 1800 to 2018. Data Source: IIGE DataBank (https://iige.co/data-bank/)
Economic growth in Southern Europe
Professor of Economics at New York University, Nicholas Economides, joins Philip Yin to discuss the economic growth gap between Northern and Southern Europe. Follow Phillip Yin on twitter: @PhillipTKYin Subscribe to BizAsiaAmerica: http://goo.gl/FMKaBj Follow CCTV America: Twitter: http://bit.ly/15oqHSy Facebook: http://on.fb.me/172VKne »» Watch CCTV America 8:00pm -- 10:00pm EST daily «« Washington, DC (and greater area) • MHz - Channel 3 • COMCAST (Xfinity) - Channel 273 New York City • Time Warner - Channel 134 • FiOS (Verizon) - Channel 277 Los Angeles • Charter Cable - Channel 562 • Time Warner - Channel 155 Satellite Nationwide • DISH TV - Channel 279
Money Talks: Turkey GDP growth jumps to 11.1% in third quarter
Turkey has become the world's fastest-growing major economy. According to official statistics, GDP surged more than 11% in the third quarter of 2017. That is its fastest growth rate in 6 years. Report by Adefemi Akinsanya followed by analysis from Dr. Emine Nur Gunay, Economist and Member of Turkish Parliament for the AK Party.
Views: 9990 TRT World
Europe: What Is Needed for Economic Growth?
Jan. 6 -- Oppenheimer Funds Vice President Alessio De Longis and Bloomberg's Simon Kennedy discuss the current economic state in Europe and what is needed to resuscitate growth. -- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.
Views: 1734 Bloomberg
Map: European Economic Growth
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EU forecasts moderate growth in 2014
The European Union predicted on Monday a positive economic outlook for the next two years, but with one condition: EU member states must stick to the agreed austerity measures. According to the Commission's Spring economic forecast, 2014 will see GDP grow by 1.6% in the EU and 1.2% in the euro area, with even further improvements in 2015. 'Since the EU economy came out of recession a year ago, the economic outlook remains favourable. The recovery is gaining traction including in vulnerable countries. The policies implemented in recent years are bearing fruit. Investment is rebounding while unemployment remains high in many member states. We expect some improvement in the next years.' said EU Commissioner for Transport and Economic and Monetary Affairs and the Euro Siim Kallas. With several countries still in recession, Kallas also pointed at the substantial differences in GDP, unemployment and investment rates between EU countries. While unemployment remains very high and growth moderate for southern countries like Spain, things are looking better for Germany. 'Among the larger economies; a steady expansion driven by domestic demand is expected in Germany. The economy of the Netherlands has turned the corner with growth set to be driven by investment this year and in 2015 also by rising household consumption.' said Kallas. The unemployment rate is forecast to decrease slightly this year. In 2015, it is set to stand at just over 10% in the EU.
Views: 106 EURACTIV
Dada Pota Show 25-01-2018 Pakistan Economy GDP Growth Exports Europe Automobile Sale
Today, Dada G shared his opinion on important news that Pakistan achieved highest growth rate in decade: IMF & Pakistan exports to EU grow by almost 6%. Pakistan’s exports to the 28-member European Union (EU) posted a growth of nearly 6% in January-September 2017 on a year-on-year basis. This shows that the Generalised System of Preferences-Plus (GSP+) scheme largely failed to boost exports to the EU. Total export proceeds to these countries amounted to €5.07bn during the period under review against €4.79bn a year ago, according to EU official data. Latest figures show an upward movement compared to the similar period in the preceding calendar year. Annual growth recorded in January-September 2016 was just 3.5pc. The GSP+ scheme became effective on January1, 2014 and will remain available for the next 10 years. A product-wise analysis shows large variations. For example, exports of garments and hosiery witnessed a growth of 90.9% to €2.05bn during the period under review. The second biggest export category was home textiles, which grew 72.4% to €1.3bn. The share of these two products stood at 65% in January-September against 37.6% a year ago. The third biggest export category was cotton and intermediary goods of textiles, which increased 16.4% to €640.9mn. Exports of the articles of leather increased 6% to €254.7m while the rise in rice exports was 11.6% to €109.6mn. Exports of sports goods (footballs) rose 41.8% to €102.7mn while foreign sales of surgical goods grew 22.4% to €58.1mn. There was a 21.1% increase in footwear exports to $58.1mn during the period under review. Products that generated less than €40mn of export proceeds in January-September include plastics, minerals, machinery, carpets and cutlery. Exports of chemicals, articles of rubber and pharmaceuticals remained less than €10mn. Country-wise data shows that the highest growth of 37.8% came from the UK as its imports from Pakistan surged to €1.02bn during the period under review. Exports to Germany were up 39% to €995.4mn. Both the UK and Germany have emerged as major export destinations for Pakistani goods under the GSP+ scheme. The increase in exports to the UK is an encouraging factor. However, exporters fear they will lose the UK market following Brexit. London, however, has assured Islamabad of no change in the post-Brexit scenario. The third biggest market for Pakistan’s exports is Spain. Exports to Spain went up 99.9% to €663.9mn. Spain was not the third biggest export destination until recently. It became Pakistan’s leading trading partner within the EU in the past couple of years owing to its extensive marketing strategy. Pakistan’s exports to Italy increased 34.15% to €490.9mn. Exports to the Netherlands went up 56.1% to €480.6mn and those to France rose 24.9% to €353.9mn. Exports to Belgium increased by 22.7% to €296.9mn, Poland by 121.9% to €112.9mn, Sweden by 46.4% to €111.48mn, Denmark by 81.7% to €103.95mn, Portugal by 22.7% to €86.4mn and the Czech Republic by 98% to €63.6mn. Export proceeds to the remaining 17 EU countries were far less than €60mn in terms of value. However, the increase in exports to all countries was in double digits in percentage terms. Pakistan’s exports to Austria increased by 64.8% to €54.05mn, Ireland by 34.6% to €44.7mn, Greece by 47% to €44.13mn, Slovenia by 116.7% to €17.73mn, Romania by 19.86% to €14.81mn, Bulgaria by 82.04% to €14.2mn, Hungary by 98% to €11.7mn, Croatia by 5.2% to €10.4mn, Estonia by 1.02% to €7.46mn, Cyprus by 145% to €4.3mn, Latvia by 41.3% to €3.9mn, Malta by 35% to €2.16mn and Luxemburg by 95.9% to €0.17mn. Exports to Slovakia declined 6.2% to €14.03mn and those to Lithuania dropped 3.7% to €13.4mn.
Views: 1513 Dada Pota show
Eurozone crisis: Cracks appear as EU economic growth SLOWS
The Commission has said that economic growth in the eurozone is likely to slow slightly this yearThe bloc’s Winter 2018 Interim Economic Forecast for gross domestic product growth and inflation for all the members of the 28-nation EU, said growth in the 19 countries sharing the euro would be 2.3 percent in 2018 and 2.0 percent in 2019.However, last month the EU’s statistics office Eurostat estimated euro zone growth was 2.5 percent in 2017.The Commission, relying on technical language to explain the downgrade said this is a result of both stronger cyclical momentum in Europe, where labour... HELP US 1.000 SUBSCRIBE Thanks for watching! Videos can use content-based copyright law contains reasonable use Fair Use (https://www.youtube.com/yt/copyright/)
Views: 19 Brexit News
English/Nat Economic growth prospects for 1995 in the European Union are generally bright, according to a report published by the European Monetary Institute (E-M-I). However the Institute is pointing to several warning signs such as high unemployment, governmental fiscal deficits and high levels of public debt. In its first annual report, the E-M-I has expressed tempered optimism over the prospective growth of the economies of the European Union. The institute was set up in January 1994 to pave the way for the planned single European currency and supervise the convergence of Europe's economies. In the report, it states that economic activity is growing faster than expected, resulting in generally bright prospects for the members of the European Union. However, at a news conference Tuesday, the EMI President had some warnings to make. SOUNDBITE: Which is an area of genuine concern and that is the exchange rate turbulences which started with the quite substantial decline in the dollar, Mexican crisis, the bearish sentiment of markets regarding the dollar and which this development than spilled over to currency markets around the world. It had a marked depreciating effect on the yen and on the deutsche mark and it also had a somewhat distracting effect on the European exchange rates." SUPERCAPTION: A. Lamfalusy, President of the EMI Despite these negative aspects, the overall picture is positive. The Institute plans monetary union in Europe in 1999 at the latest. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/600c9dc967c4e8d61ed450d762a8929d Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 19 AP Archive
US economy beats 3Q expectations with 3 percent GDP growth
MacroMavens President Stephanie Pomboy on the outlook for the U.S. economy.
Views: 4806 Fox Business
Eng/Turkish/Nat The European Commission has issued a bleak picture of economic growth in the nations that are due join the union, saying it was below the EU rate which complicated the necessary catching up process. Negotiations with Turkey, the 13th candidate, will not open any day soon. The commission said Turkey's economy shrank this year by 1.4 percent but will pick up again in 2000 and 2001 when growth will likely reach 4.5 and 4.6 percent respectively. But Turkey's economy is on a high after the announcement at the Helsinki summit last week that Ankara had been given formal candidacy status by the European Union. The positive reaction was mirrored throughout the financial and business community of Turkey. Much credit was given to the government in pushing through tough laws, making positive changes to human rights and the economy. The Istanbul Stock Exchange soared immediately after the announcement and the business community is buzzing with hope of an increase in foreign investment. Turkey's business and finance circles are expecting the start of a new era with a boom in business. Turkey's stock market soared by 12 percent following the announcement that Turkey had been named as a formal candidate for membership by the EU at the Helsinki summit last week. The buoyant mood continued throughout the week on the Istanbul Stock Exchange. The positive reaction was mirrored throughout the financial and business community of Turkey. Much credit was given to the government in pushing through tough laws, making positive changes to human rights and the economy. SOUNDBITE: (Turkish) "First of all the Turkish stock market believed that instability came from political instability as at a high. For the first time this coalition government overcame this and took radical decisions. This has been continuing for the past three months, including human rights, international trade laws and anti-dumping laws. If Turkey is unable to come to an agreement with the EU over human rights and other social issues this will cause political instability and this will seriously concern us." SUPER CAPTION: Huseyin Istanbullu, stockbroker Turkey has just signed an ambitious standby agreement with the IMF - bringing loans worth up to four (b) billion US dollars over three years. In return Turkey must tackle 60 percent inflation, expenditure cuts and increasing revenue through privatisation. Turkey's Central Bank will also set forward indexes for exchange rates according to the inflation targets. The target is to cut inflation to 20 percent by the end of year 2000. The head of Turkish Industrialists and businessmen is hopeful that the announcement of EU candidacy will create confidence in Turkey for foreign investors. SOUNDBITE: (English) "Moving from customs unions into candidacy will put Turkey on the map of a lot of cooperations for foreign direct investment. That was something that we expected to come along with customs union but it did not materialise. Now many companies will look at this as an irreversible path and, therefore will look at their regional business plans and obviously Turkey offers them a lot." SUPER CAPTION: Erkut Yucaoglu, Head of Turkish Industrialists and Businessmens Association But membership with the EU is a long way off, say many analysts. While Turkey is already close to meeting the EU's economic criteria - which are not a precondition for membership negotiations- Turkey has much ground to make up in human rights. Turkey joined the Customs Union in 1995, but has struggled to harmonise with its EU partners, despite making the necessary changes. Despite introducing a law governing intellectual property rights, it has had trouble enforcing it. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/ac0abdc4edfd5a069c074716b6405608 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 220 AP Archive
Europe - Gdp Per Capita Growth - Time Lapse
Based on the data freely available at data.worldbank.org
Views: 106 Laughing Copernicus
Falling oil prices will spur EU growth, say economists
EU economists say the bloc faces brighter growth prospects this year owing to the falling price of oil and a weaker euro. They predict the economy will expand by 1.7 percent this year, up from the 1.5 percent forecast in November. Pierre Moscovici, EU Commissioner for Economic and Financial Affairs, says: "There is of course still much hard work ahead to deliver the jobs and the investment the european union and the euro area need - that's why all actors in europe need to use all available too… READ MORE : http://www.euronews.com/2015/02/05/falling-oil-prices-will-spur-growth-in-european-union-say-economists What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 14 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
BREAKING - EUROZONE SHOCK: Italy crisis sees bloc’s growth PLUMMET - EU confidence shattered
EUROZONE SHOCK: Italy crisis sees bloc’s growth PLUMMET - EU confidence shattered The European statistics office Eurostat has released official estimates which revealed economic growth in the 19 countries adopting the euro slowed to 0.2 percent in the third quarter. This was down from 0.4 percent first and second quarters respectively, and 0.7 percent in the same three-month period a year ago. Eurozone growth year-on-year also slowed to 1.7 percent from 2.2 percent in the second quarter. The slowdown in growth was worse than expected - economists polled by Reuters had forecasted a 0.4 percent quarterly expansion and a 1.8 percent year-on-year rise. Growth is not broken down on a per-country basis, but figures released this morning by the Italian statistics agency revealed Italy’s growth had also halted in the third quarter as a row with the European Union over the count... BUY T-SHIRT TO HELP US: ▆ https://teespring.com/shopnews-10-08-2017 -------- Source: http://www.express.co.uk/ #News2U #brexit #eu #referendum #uk #world #breaking #news -------- Follow News 2U on: ☀ YouTube: https://goo.gl/AB1LpN ☀ Website: https://goo.gl/T0Rt55 ☀ Facebook: https://goo.gl/BsHWZv ☀ Google Plus: https://goo.gl/8HDdu5 Thanks for watching! Videos can use content-based copyright law contains reasonable use Fair Use (https://www.youtube.com/yt/copyright/)
Views: 4761 News 2U
Boosting growth and jobs in the EU
Small and medium-sized enterprises - SMEs - are the engine of Europe's economy. The European Parliament wants to ensure stable growth in the EU by creating a supportive environment for SMEs. Meet Arnaud and Geraldine, who own a small furniture business in France. Comment on: Google + http://tinyurl.com/orh99s6 Facebook http://www.facebook.com/europeanparliament Twitter https://twitter.com/Europarl_EN
Views: 382 European Parliament
European data centres: Supporting growth in Europe
Technology is changing the economy - not just in the bigger cities but also in regions across Europe. From opening data centres, to teaching people digital skills, we had EU Commissioner for Regional Policy Corina Crețu and a panel of regional development experts, investors and policymakers discussing how regions can benefit from technological change. In addition, Copenhagen Economics launched a new report into how investment in data centres, renewable energy and fibre is impacting Europe's regions.
Views: 4030 EURACTIV
Europe's Week Ahead: Signs of European Growth?
Investors will look for signs of a tentative recovery gaining traction in the euro zone with the release of first-quarter GDP figures and after the ECB said it was open to cutting rates at the next meeting. On the corporate front, Italian bank earnings get into full swing. Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy Visit the WSJ channel for more video: https://www.youtube.com/wsjdigitalnetwork More from the Wall Street Journal: Visit WSJ.com: http://online.wsj.com/home-page Follow WSJ on Facebook: http://www.facebook.com/wsjlive Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJLive Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/ Follow WSJ on Tumblr: http://www.tumblr.com/tagged/wall-street-journal Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
Views: 346 Wall Street Journal
EU economic growth forecast reduced | DW | 12.07.2018
http://www.dw.com/en/eu-economic-growth-forecast-reduced/a-44649654 The European Commission on Thursday cut its forecasts for the eurozone's economic growth this year, citing among the top causes for its revision trade tensions with the United States, as well as rising oil prices, which are expected to push the bloc's inflation higher. The slowdown of the eurozone economy is set to affect all major economies of the bloc, but is expected to hit Italy harder, as the country is forecast to record the lowest growth rate in Europe, matched only by Britain among all 28 EU countries. The EU executive estimated the 19-country eurozone will grow by 2.1 percent this year, lower than the 2.3 percent gross domestic product (GDP) increase it had forecast in its previous estimates released in May, and below the 2.4 percent growth recorded last year. In 2019, the bloc's growth should slow to 2.0 percent, unchanged from the previous forecast. But what do these forecasts — and changes in forecasts — actually mean? Forecasts versus results To get a sense of how forecasts can differ from actual results, see the charts. The first shows how GDP actually changed (light blue) and how it was forecast by the Commission to change (blue-and-black hatched bars) in 2017 compared to the previous year. The second chart, further below, compares actual and forecast changes in the consumer price inflation for 2017 compared to 2016. The take-home message here is that the forecasts the Commission is currently making about next year's GDP or inflation numbers will likewise prove, in retrospect, to be wrong. Nonetheless, the forecasts are useful as a snapshot of Commission economists' perceptions of current trends, reflected in available economic data as these are processed in their economic models.  "The downward revision of GDP growth since May shows that an unfavourable external environment, such as growing trade tensions with the US, can dampen confidence and take a toll on economic expansion," Valdis Dombrovskis, EU Commission vice president for the project team Euro and Social Dialogue, said. The negative impact of trade disputes on the European and global economy are expected to be much bigger in case of escalation, according to EU economics commissioner, Pierre Moscovici, who said: "Trade wars produce no winners, only casualties." Rising oil prices have also contributed to the slowdown, the Commission said, and are expected to push eurozone inflation up 1.7 percent this year and next, from the previously estimated 1.5 percent in 2018 and 1.6 percent in 2019. Italy at risk Germany and France, the two largest economies of the eurozone, are expected to lose steam this year and next. According to the Commission's prognosis, Germany's GDP expansion will slow to 1.9 percent this year and will grow at the same rate in 2019. That's down from the previous estimates of 2.3 percent in 2018 and 2.1 percent in 2019. Germany's GDP grew 2.2 percent last year. France's economy will grow 1.7 percent this year and next, much below the 2.2 percent gr
Views: 10 LoveYou11
Eurozone growth falls to 0.4% Q1 2018
New figures released by the European Union’s Statistics Agency shows that economic growth in the region slowed down in the first quarter of 2018. Watch Live: http://www.presstv.com/live.html YouTube: https://www.youtube.com/user/videosptv/ Twitter: http://twitter.com/PressTV LiveLeak: http://www.liveleak.com/c/PressTV Facebook: http://www.facebook.com/PRESSTV Google+: http://plus.google.com/+VideosPTV Instagram: http://instagram.com/presstvchannel Dailymotion: http://www.dailymotion.com/presstv
Views: 488 PressTV
EU forecasts slow economic growth, high unemployment
Europe's economy has reached a turning point, according to the European Commission. Presenting his Autumn economic forecast on Tuesday , EU commissioner Olli Rehn said that a slow economic recovery is expected over the next two years, but unemployment will remain high. The Commission expects economic growth in 2014 to hit 1.1% in the euro area and 1.4% in the Union as a whole. In 2015, growth is expected to be 1.7% in the euro zone and almost 2% in the EU. "We are seeing clear signs of an economic turnaround but growth will pick up only gradually and will translate into jobs only with lag and that's why we cannot yet declare victory and we must not fall into the trap of complacency", said EU Commissioner for Economic and Monetary Affairs Olli Rehn. Rehn also warned that employment is unlikely to recover quickly. According to the forecasts, eurozone unemployment will remain at over 12% this year and next. In crisis-hit countries like Spain and Greece, it will stay above 26%. 'The economies of Italy and Spain will contract this year in annual terms but for Spain, growth is expected to have returned in the third quarter and for Italy this is expected in the fourth quarter of this year. In both countries large needs of adjustment still remain which in Spain is visible in the unbearably high unemployment rate', said EU Commissioner for Economic and Monetary Affairs Olli Rehn. Rehn said that austerity has been the basis for recovery in Europe and added that further fiscal reforms will be needed. "Further decisive action to boost sustainable growth and job creation will continue to be necessary in Europe, said EU Commissioner for Economic and Monetary Affairs Olli Rehn. The European Commission publishes its economic forecasts three times a year.
Views: 589 EURACTIV
Eurozone crisis: cracks appear as eu economic growth slows
GETTYThe Commission has said that economic growth in the eurozone is likely to slow slightly this yearThe bloc’s Winter 2018 Interim Economic Forecast for gross domestic product growth and inflation for all the members of the 28nation EU, said growth in the 19 countries sharing the euro would be 2.3 percent in 2018 and 2.0 percent in 2019.However, last month the EU’s statistics office Eurostat estimated euro zone growth was 2.5 percent in 2017.The Commission, relying on technical language to exp... HELP US 1.000 SUBSCRIBE Source: http://www.express.co.uk/ #brexit #eu #referendum #uk #world #breaking #news -------- Follow ebreaking on: ☀ YouTube: https://goo.gl/Lnk2Hg ☀ Website: https://goo.gl/T0Rt55 ☀ Google Plus: https://goo.gl/8HDdu5 ☀ News 2U: https://goo.gl/AB1LpN ☀ David Davis: https://goo.gl/i9BbJN ☀ Brexit News: https://goo.gl/6kaNaf Thanks for watching! Videos can use content-based copyright law contains reasonable use Fair Use (https://www.youtube.com/yt/copyright/)
Views: 83 ebreaking
Rick Santelli Reacts To Negative Fourth Quarter GDP Growth: 'We Have Become Europe'
1/30/13 - U.S. Gross Domestic Product in the fourth quarter came in below expectations at -0.1 percent. This is the first time the nation's GDP growth has been in negative territory since December, 2009. On CNBC, host Rick Santelli said that the U.S. is now facing problems that Europe has been tackling for decades. "We have become Europe," he declared. "When you act like Europe, you get growth rates like Europe," Santelli said. "Our discussions with economists sound like we're in Europe. They're always doing the right thing. They're always thinking they know better, and this the kind of growth." "We have become Europe," Santelli declared. "We are now Europe." He was challenged when his co-host noted that federal spending decreased dramatically in the fourth quarter. "Why do we need to reduce spending?" Santelli asked hypothetically. "Because we run trillion dollar deficits, for crying out loud." The CNBC hosts joked that this negative growth rate means that the federal government will have to pursue yet another stimulus program to the tune of $800 billion. The joke became serious, however, when one host suggested that an $800 billion stimulus in the form of tax cuts may not be a bad idea.
Views: 609 MichaelSavage4Prez
Top 10 Country GDP Ranking History (1960-2017)
The Dynamic Graph (Data Visualization) Shows the Top 10 Countries with Most GDP from 1960 to 2017. This Country GDP Ranking includes countries such as, United States, China, Japan, Germany, United Kingdom, etc. Support us and check out our Patreon for exclusive free-to-use vector illustrations/images: https://www.patreon.com/wawamustats Learn more about GDP: https://amzn.to/2RvE4Mi Learn more about the rise of economy in India and China: https://amzn.to/2F6x2fH Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Facebook: https://www.facebook.com/WawamuStats Twitter: https://twitter.com/StatsWawamu Data Taken from: https://www.worldbank.org #worldgdp #gdpranking #top10gdpcountry Future Top 10 Country GDP Ranking (Part 2): https://youtu.be/T9l2yCH5wBk Subscribe here: https://www.youtube.com/channel/UCy0dKy89rZFR8OCbAT69wcQ?sub_confirmation=1
Views: 371081 WawamuStats
Ten Years Later — How The EU Membership Has Changed Poland
Is Poland in the EU? Of course it is. It joined the EU in 2004 and a lot has changed since Poland joined the EU in 2004, and the almost 90 billion invested in the country by the EU since its accession has helped transform the economy drastically. Not only has Poland doubled its GDP and ascended to the position of 8th most powerful exporter, it has also quadrupled the economies of its European neighbours in terms of growth. And the people of Poland are seeing these developments already. More Poles than ever have dishwashers, cars, and computers, and more are studying at foreign universities. In addition, over 28 billion has been invested in Polish farmers, over 20,000 in Polish entrepreneurs, and investment in Polish universities has nearly tripled, all of which has combined to bring Poland's unemployment rates down by 6.5%. Statistics provided by http://www.msz.gov.pl/en/ministry_of_foreign_affairs, https://www.mir.gov.pl/english/Strony/main_mrr_eng.aspx and http://www.politykainsight.pl/en/ Facts About Poland's EU Membership. http://www.emerging-europe.com/ http://en.wikipedia.org/wiki/Poland poland facts poland european union is poland in the eu facts about Poland http://www.youtube.com/watch?v=NDpziN7FUM4
Eurozone economic growth revised down for end of 2016 - economy
Eurozone economic growth in the final three months of last year was not as good as initially thought. The statisticians at Eurostat previously estimated GDP expanded by 0.5 percent quarter-on-quarter, but on Tuesday they "revised that down":http://ec.europa.eu/eurostat/documents/2995521/7868348/2-14022017-BP-EN.pdf/da0c1c33-2d80-4cc2-9f34-de2dab92aac5 to 0.4 percent. That initial flash estimate was on 31 January. On a year-on-year basis, growth for the 19 countries using the euro slowed to 1… READ MORE : http://www.euronews.com/2017/02/14/eurozone-economic-growth-revised-down-for-end-of-2016 euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more Subscribe for daily dose of business news: http://bit.ly/1pcHCzj Made by euronews, the most watched news channel in Europe.
Views: 113 euronews Business
EU unveils gloomy eurozone growth forecast
The eurozone economy will shrink more than expected this year, according to the European Commission which published its Spring Economic Forecast on Friday. The Commission's outlook also showed that 4 of the largest euro zone economies -- France, Spain, Italy and the Netherlands -- will be in recession throughout 2013. Only Germany's economy will grow. 'Annual GDP growth this year is now forecast to contract by 0.1% in the EU and by 0.4% in the euro area. For 2014, we expect growth of 1.4% in the EU and 1.2 % in the euro area', said EU commissioner for Economic and Monetary Affairs Olli Rehn. Unemployment remains one of the biggest concerns across the euro area, with an average rate of 12%. In countries such as Greece and Spain it is expected to hit 27% in the coming months. EU commissioner Olli Rehn said that the 'EU must do whatever it takes to overcome the unemployment crisis in Europe'. 'Unemployment is forecast to reach 11% in the EU and 12% in the euro area in 2013. At the same time, differences across Member States remain large', said EU commissioner for Economic and Monetary Affairs Olli Rehn. . Just this Thursday, the European Central Bank cut interest rates for the first time in 10 months as a response to a drop in inflation below target and rising unemployment in the eurozone. The cuts were widely expected after ECB president mario Draghi said last month that the bank was "ready to act if needed". 'We decided to lower the interest rate on the main refinancing operations of the Eurosystem by 25 basis points to 0.50% and the rate on the marginal lending facility by 50 basis points to 1.00%'. 'Weak economic sentiment has extended into spring of this year. The cut in interest rates should contribute to support prospects for a recovery later in the year', said ECB's chief Mario Draghi. Meanwhile, new €5 notes entered circulation across the Euro area on Thursday. The new bills are the first banknotes to get a revamp in the Europa series and more durable and harder to forge.
Views: 433 EURACTIV
NEW Leasing: The Path Towards Sustainable Growth for Europe
This new video describes what leasing is and how it contributes to the European economy by supporting business investment. It shows how leasing is particularly well suited for SMEs, supports manufacturer sales and encourages sustainable investment and a more efficient use of resources. For more information visit http://www.leaseurope.org/
Views: 783 Leaseurope
Investment in the EU: from recovery to sustainable growth
The EU bank helps to deliver growth, jobs and cohesion in Europe by promoting economy, skills and innovation. Today, decisive measures are needed to raise Europe’s competitiveness. Discover how the European Investment Bank is supporting employment and productivity to boost the economy. Visit our website: http://www.eib.org/infocentre/events/all/ft-eib-global-investment-forum-new-technologies-and-inclusive-innovation.htm Follow us on Facebook: https://www.facebook.com/EuropeanInvestmentBank Twitter: https://twitter.com/eib LinkedIn: https://www.linkedin.com/company/european-investment-bank Instagram: https://www.instagram.com/europeaninvestmentbank/
EUROZONE SHOCK: Italy crisis sees bloc’s growth PLUMMET - EU confidence shattered
EUROZONE growth is threatening to grind to a complete standstill as the financial crisis in Italy - the bloc’s third biggest economy - continues to shatter EU confidence in the single currency.
Views: 57 Daily News
EU revises up eurozone growth forecast for 2018, 2019 after strong last year
EU revises up eurozone growth forecast for 2018, 2019 after strong last year The European Commission raised its growth projections for the eurozone on Wednesday, more confident than ever that the solid economic recovery in Europe will endure through 2019. The commission, the EU's executive arm, said the 19-country single currency bloc's economy would expand by 2.3 percent in 2018, up from a previous forecast made in November of 2.1 percent. Growth would then continue at a solid pace next year, with the eurozone economy expanding by 2.0 percent in 2019, instead of the earlier-predicted 1.9 percent. The euro zone economy expanded at its fastest rate in a decade in 2017, preliminary data showed, and sentiment remained high at the start of 2018 despite a slight dip from a 17-year peak, signaling a strong start to the year. The European Union's statistics office Eurostat estimated gross domestic product in the 19 countries sharing the euro rose 0.6 percent quarter-on-quarter in the last three months of 2017, as expected by economists polled by Reuters, for a 2.7 percent year-on-year gain. Overall in 2017, euro zone GDP rose 2.5 percent, Eurostat said, the fastest growth rate since a 3.0 percent rise in 2007.
Views: 27 Vigorously Live
Eurozone GDP growth revised upwards for Q1
It seems the eurozone's economic growth was slightly better than previously thought in the first three months of this year, but still nothing to shout about. In its third and final assessment, the "European statistics agency Eurostat":http://ec.europa.eu/eurostat/documents/2995521/7436158/2-07062016-AP-EN.pdf/3ad9ea20-f430-448b-94f5-af823509dee6 said gross domestic product increased by 0.6 percent from the previous quarter - the highest rate for 12 months. Year-on-year it expanded by 1.7 perc… READ MORE : http://www.euronews.com/2016/06/07/eurozone-gdp-growth-revised-upwards-for-q1 euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more Subscribe for daily dose of business news: http://bit.ly/1pcHCzj Made by euronews, the most watched news channel in Europe.
Views: 36 euronews Business
EU Cuts Growth Outlook as Inflation Seen Below ECB Forecast
The European Commission cut its growth forecasts for the euro area as the bloc’s largest economies struggle to put the ravages of the debt crisis behind them after two recessions in six years. Gross domestic product in the 18-nation region will rise by 0.8 percent this year and 1.1 percent in 2015, down from projections for 1.2 and 1.7 percent in May, the Brussels-based commission said today. It lowered its projections for Germany, Europe’s largest economy, and said inflation in the euro area will be even weaker than the European Central Bank predicts. “The legacy of the global financial and economic crisis lingers on,” said Marco Buti, the head of the commission’s economics department. “Slack in the EU economy remains large and is weighing on inflation, which is also being dragged down by tumbling energy and food prices.” The bleaker outlook highlights the fledgling nature of the euro area’s recovery and the deflation threat that has compelled the ECB to take unprecedented stimulus measures. While unemployment is beginning to decline from a record high, core economies such as Germany and France are facing some of the growth challenges that afflicted the periphery at the start of the debt crisis. Today’s report forecasts inflation at 0.8 percent in 2015, less than half the ECB goal of just under 2 percent. That’s more pessimistic than the central bank’s own projection of 1.1 percent. The commission sees inflation quickening to 1.5 percent in 2016, compared with the ECB outlook for 1.4 percent. ECB Stimulus European stocks declined for a second day and German, French and Italian bonds rose. The yield on the German 10-year bund fell 4 basis points to 0.81 percent at 11:17 a.m. London time. The Italian yield dropped 5 basis points to 2.37 percent. The Stoxx Europe 600 Index slipped 0.1 percent. The grim assessment for the euro region comes just days before the ECB Governing Council led by President Mario Draghi gathers in Frankfurt for its monthly policy meeting. The ECB has cut its benchmark rate to a record-low 0.05 percent and began buying covered bonds to boost inflation and rekindle growth. “Country-specific factors are contributing to the weaknesses of economic activity in the EU and the euro area in particular,” Jyrki Katainen, commission vice president for competitiveness, told reporters in Brussels. These include “deep-seated structural problems” and “public and private debt overhang,” he said. The commission predicted GDP growth of 1.7 percent in 2016, lower than the ECB’s 1.9 percent published in September. ‘Fragile’ Recovery Unemployment in the 18-nation region will gradually decrease from 11.6 percent this year, the commission said, forecasting an average rate of 11.3 percent in 2015 and 10.8 percent in 2016. The recovery is “not only subdued but also fragile,” it said. “With confidence indicators declining since mid-year and now back to where they were at the end of 2013, and hard data pointing to very weak activity for the rest of the year, it is becoming harder to see the dent in the recovery as the result of temporary factors only.” In addition to a lower forecast for Germany, the commission cut its projections for France and Italy. Italy’s economy, the third largest in the euro area and in its third recession in six years, will shrink 0.4 percent this year, according to the commission. It predicted growth of 0.6 percent in 2015, half the pace expected in May. The country’s debt pile -- the second largest in the euro zone after Greece -- will hit 133.8 percent of GDP next year before slipping to 132.7 percent in 2016. That’s still higher than the 132.2 percent anticipated for 2014. German Stagnation The commission expects Germany to stagnate in the second half. It sees growth of 1.1 percent in 2015 and 1.8 percent in 2016. The 2015 outlook compares with 2 percent in May. “Growth is set to resume gradually with the support of a robust labor market, favorable financing conditions and improving external demand,” the commission said. As France spars with EU budget monitors over spending controls, European forecasters see the country’s deficit widening to 4.4 percent of GDP in 2014, compared with a forecast 3.9 percent in May and above the EU’s 3 percent limit. In 2016, the deficit will be 4.7 percent. France’s structural deficit -- which strips out the effects of the economic cycle -- will deteriorate from 3 percent in 2014 to 3.4 percent in 2016. Economic growth in Spain is projected to accelerate to 1.7 percent next year and 2.2 percent in 2016 from 1.2 percent this year, underpinned by domestic demand. The commission said Spain’s budget deficit, pegged at 5.6 percent of GDP this year, will narrow to 4.6 percent in 2015 and to 3.9 percent in 2016.
Views: 38 KaFaDoKyA NEWS
UK economic growth slows
Britain's economy slowed at the start of this year, apparently effected by reduced global growth and uncertainty ahead of the "referendum on the UK's European membership":http://www.euronews.com/2016/04/12/when-is-the-eu-referendum-what-is-brexit-and-8-other-questions-about-the-vote/. Between January and March gross domestic product grew by 0.4 percent, down from the previous quarter's 0.6 percent according to the Office for National Statistics. 0.4% growth in #GDP in Q1 2016 https://t.co/b… READ MORE : http://www.euronews.com/2016/04/27/uk-economic-growth-slows euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more Subscribe for daily dose of business news: http://bit.ly/1pcHCzj Made by euronews, the most watched news channel in Europe.
Views: 77 euronews Business

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