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Economic News

China’s GDP grows at slowest pace in 29 years

January 17, 2020

According to the official forecast of the National Bureau of Statistics of China, GDP growth in the IV quarter of 2019 amounted to 6.0% in annual terms, which coincided with analysts' expectations and the previous value of the indicator for the III quarter. The gross domestic product of China in 2019 amounted to 99,086 trillion yuan ($14.4 trillion).Experts note that the growth rate of the second largest economy in the world continues to be kept near a minimum for almost 30 years while the count ...Read More

U.S. and China sign phase one of trade deal

January 16, 2020

The ceremony of signing the agreement on the first phase of the trade dispute between the US and China took place last night. US President Donald...Read More

German inflation accelerates to 1.5% in December

January 16, 2020

According to the Federal Statistical Office of Germany (Destatis), consumer prices, calculated according to national standards, increased by 1.5% in...Read More

Eurozone industrial production rose 0.2% in November

January 15, 2020

According to Eurostat data, Eurozone industrial production rose in November for the first time in three months.Industrial production rose 0.2% in...Read More

US consumer prices increase by 2.3% in December

January 14, 2020

According to the US Labor Department, consumer prices in December rose 2.3% year-on-year; on a monthly basis, inflation was 0.2%. The annual...Read More

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