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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...


World Steel Association reports in May poduction increasing by 2.6% and plants productivity filled at 79.5%.




US economic growth was much slower than expected in the first quarter. The Commerce Department revealed its final estimate for GDP, which seemed to show that things were not going...




The consortium developing Azerbaijan's vast gas reserves officially announced on Friday that it has chosen the Trans Adriatic Pipeline TAP to ship natural gas to Europe. It was a...




Unemployment in the eurozone reached a record high in May. But the latest figures show vast differences in jobless rates around the region: Austria and Germany have the lowest at 4.7...




The eurozone's downturn has eased slightly, but businesses continue to suffer from a chronic lack of new orders, which should inhibit any meaningful near-term recovery. As a result the...




For the 10th month running Hungary's central bank has reduced its main interest rate by 0.25 percent. It is now at 4.5 percent, down from seven percent, with further cuts expected. The...




With their latest legal challenge dismissed, the unions for workers at PSA Peugeot Citroen's Aulnay plant near Paris have accepted its closure and the loss of up to 8,000 jobs. The...




In April, inflation in Germany slowed to its lowest level in two and a half years. The cost of living in Europe's largest economy increased by 1.2 percent from April last year. That...


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