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Britain’s trade deficit shrinks more than previously expected in June

Reuters.com – 09/08/13 Hopes have been raised for a broader economic recovery in the UK as the deficit in Britain’s trade in goods narrowed more than was forecasted in June, reaching its…

Industrial output in France unexpectedly contracts in June

Reuters.com – 09/08/13 Despite recent data illustrating the contrary, French industrial output unexpectedly shrank in June, indicating that any recovery of the country’s economy will be a fragile one. While business confidence…

Inflation remains at 1.6% in the euro area

Bloomberg.com – 31/07/13 The European Union statistics office announced on Wednesday that the annual inflation rate for the euro area was 1.6% in July 2013, the same figure that was recorded the…

Euro area has 12.1% unemployment rate in June 2013

Eurostat News Release – 118/2013 – 31/07/13 Eurostat released figures this week showing a seasonally adjusted unemployment rate in the euro area of 12.1% in June 2013, while the unemployment rate in…

Volvo’s stronger than expected truck orders lead to share prices rising

Reuters.com – 24/07/13 Sweden’s largest private sector employer and biggest company in terms of sales saw their share prices rise by 2.9% in early trade, furthering recent gains and reaching the highest…

France’s credit rating reduced by Fitch

CNBC.com – 12/07/13 Rating agency Fitch has reduced Franc’e credit rating to AA-plus, stating that France had an uncertain economic outlook during this time of crisis in the euro zone and a…

Portuguese trade unions staged one-day strike against austerity

Reuters.com – 27/06/13 Portuguese trade unions held a one day strike on Thursday, protesting the unyielding austerity measures forced on them by the government. Public transport came to a halt in most…

Is this the end for the double dip?

BBCNews.co.uk – 10/05/13 There have been encouraging signs to indicate that the UK economy may have gained some momentum in recent months. Figures show that the UK’s exports are rising, lessening the…

Eurozone headed for longest recession since records began

Reuters.com – 15/05/13 According to Eurostat, the EU’s statistics office, the eurozone shrank 0.2% in the first quater of 2013. This is the 17-nation economy’s sixth straight quarter in which there has…

French economy slides into its second recession

BBC News – 15/05/13 Official figures show that France has entered into its second recession in the past four years, after two consecutive quarters of negative growth. The French economy shrank by…