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Forex ForexMart's Forex News

Discussion in 'Forex Forum' started by Andrea ForexMart, Jan 18, 2018.

  1. KostiaForexMart

    KostiaForexMart Member

    Joined:
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    11.02. UK economy showed zero growth in the IV quarter

    The UK economy showed zero growth in the last quarter of 2019. According to preliminary data from the National Statistical Office (ONS), GDP in October-December did not change compared to the previous quarter. In December, economic growth accelerated by 0.3%.

    In annual terms, UK GDP in the IV quarter grew by 1.1%, at the lowest rate since the beginning of 2018.

    Consumer spending in the country grew by only 0.1%, at the lowest rate since the end of 2015. Investment in business fell by 1%, which was the maximum decline since the end of 2016.

    Manufacturing output fell 1.1% from the previous three months. Service growth slowed to 0.1%.

    At the end of 2019, the UK's GDP increased by 1.4% compared with a rise of 1.3% in 2018.

    The Bank of England predicts that in 2020 the UK economy will grow by only 0.8%, at the lowest rate since the financial crisis. In 2021 growth will accelerate to 1.5%, according to the Central Bank.
    [​IMG]
     
  2. KostiaForexMart

    KostiaForexMart Member

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    Location:
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    12.02. China maintains its goal of GDP growth despite coronavirus exposure

    Deputy head of the PRC Academy of Social Sciences Cai Fan said that China will be able to achieve its long-term goal of doubling GDP and income this year, despite the consequences of the outbreak of Coronavirus. The epidemic will have only a short-term effect on the country's economy, after which demand will recover quickly, Chinese officials think.

    The economist also noted that the impact of a virus outbreak will slightly reduce growth and other development indicators, but these consequences will not be long-term. According to him, the growth rate of about 5.7% this year will be sufficient to achieve the goal of doubling GDP and income.

    Cai also added that the Chinese authorities should use policy tools in a timely and flexible manner, as well as apply «non-traditional policy tools» to support the economy.

    It was previously noted that the outbreak of coronavirus in 2020 could reduce China's economic growth by 1 percentage point.
    [​IMG]
     
  3. KostiaForexMart

    KostiaForexMart Member

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    13.02. US annual inflation accelerates to 2.5% in January

    According to the US Labor Department, consumer prices in the US in January rose 2.5% year on year, and on a monthly basis inflation was 0.1%. Experts expected consumer price growth to accelerate by 2.4% and 0.2%, respectively.

    In December, inflation amounted to 0.2% in monthly terms and 2.3% in annual terms.

    Core inflation in the United States (excluding food and energy prices) in January year on year amounted to 2.3%. Analysts had expected the indicator to be fixed at 2.2%. On a monthly basis, prices rose by 0.2%, which coincided with experts' forecasts.

    US food prices in January in monthly terms rose by 0.5%, while energy prices fell by 0.7%. In annual terms, food prices rose by 1.8%, and energy – by 12.1%.
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  4. KostiaForexMart

    KostiaForexMart Member

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    Location:
    Germany
    14.02. US industrial production in January fell by 0.3%

    According to the US Federal Reserve, the volume of industrial production in the United States in January decreased by 0.3% compared to the previous month. Analysts polled by Reuters expected a 0.2% drop.

    The value for December was revised: the decrease in industrial production in the country in the reporting month is estimated at 0.4% in monthly terms against the previous estimate of 0.3%.

    The US industrial production index is one of the key indicators of the economy, reflecting the physical volume of products manufactured by American companies.
    [​IMG]
     

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