Go to ...

Economics Wire

Economics and Finance News

RSS Feed

Monday, February 20, 2017

Archives for November 2016

European Central Bank

European Central Bank ready to increase buying of Italian bonds after the referendum

The European Central Bank is ready to temporarily increase purchases of Italian government bonds. This can happen if the result of the referendum in the country sharply raise the debt service for the largest debtor in the Eurozone and lead to turmoil in financial markets. The European Central Bank can use its program of quantitative

Retail sales in Germany

Retail sales in Germany grew by 2.4% in October

Retail sales in Germany grew by 2.4% MoM in October, according to preliminary data of the statistical office Destatis. The data are adjusted from the calendar, inflation and seasonal effects, while the expectations were for growth of 1%. This was the highest increase since June 2011, but the data, although is notoriously volatile, raise hopes

Economic sentiment in the Eurozone

Economic sentiment in the Eurozone improved slightly

Economic sentiment in the Eurozone improved slightly before the meeting of European Central Bank (ECB), which will be held amid hopes for better prospects for the 19-nation currency union. The index of the European Commission for business and consumer confidence rose from 106.4 points to 106.5 points in November, below expectations of analysts surveyed to

Greece economy

Greece economy expanded for second consecutive quarter

Greece economy has expanded for the second consecutive quarter, and even more than the analyst estimates, which reinforces expectations for a strong recovery next year after a prolonged recession. The adjusted estimates show that the Greece economy expanded by 0.8% in the third quarter of 2016, while the gross domestic product (GDP) grew by 0.4%.

Jerome Powell

Support for increase of US interest rates gained strength

The support for the increase of US interest rates certainly gained strength since the last meeting of the Federal Reserve said Jerome Powell, who is a manager at the US Central bank. In his words, the patience of Fed regarding the raising interest rates, already paid dividends. However, the banker warned that too slow tightening

European Fund for Strategic Investment

EC expands European Fund for Strategic Investment

The European Commission adopted the conclusions of the three evaluations proposal for strengthening of the European Fund for Strategic Investment (EFSI), also known as Plan Juncker. All three evaluations confirmed the intention to double the duration of action to the Fund by the end of 2020 and increase the total investment target from 315 billion

Older Posts››