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It is a growing Europe that starts at an optimistic fourth quarter with rosy prospects for the coming year, though likely to be less positive than the current one. In the second quarter, GDP grew, compared to the already positive first quarter, both in the Euro area and in the European Union 28 countries, marking a total of + 0.6%. Compared to 2016, the corrected GDP for the effects of the calendar has increased by 2.1% in the Eurozone and by 2.2% in the EU28, slightly up from the first quarter, respectively by 1.9% and + 2.1%.On the other hand, the same International Monetary Fund had revised upwards estimates for some euro area countries, including France, Germany, Italy and Spain, after the positive performance recorded in the first quarter. In the Eurozone, the IMF estimates were up by 1.9% (+ 1.7%) and 2018 to +1.7% (+ 1.6%).Italy will remain with Japan the tailbone of the G7 countries, with an expected GDP growth of 1.3% (against 0.8% assumed three months ago), which should...


The sanctions squeeze is on at Russia's biggest oil firm Rosneft.With the EU poised to unleash more sanctions over Ukraine, previous measures mean Rosneft is cutting staff and...




It's the time to buy again European steel sector's bonds. After two years of cautious forecast, Ubs issues again positive evaluation on European steel, recommending its customers to...




It seems Britons are not buying with the same enthusiasm that they were. UK retail sales grew in July at the slowest annual rate since November last year rising by 2.6 percent....




European Commission decided to invest WTO, World Trade Organisation, about debate about Chinese anti-dumping duties on steel tubes' import from Europe. According to Brussels, Chinese...




The German government will protect the interests of the German business regarding the construction of the South Stream gas pipeline and expects that all problems associated with it...




Russia has taken a step towards becoming less dependent on European buyers for its oil and gas with the coming-on-stream of Moscow's latest pipeline project, the “Power of Siberia”.It...




There was a surprise, sharp slowdown in job growth in the US in August.The number of people in work increased by 142,000 – the smallest rise in eight months and well short of the...




The Japanese economy has shrunk some 1.8 per cent in the period April to June.The unexpected result has raised eyebrows about the government's economic policy.The contraction is the...


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