Tag: economics of a country
Economy
US current account deficit narrows sharply in second quarter
The US current account deficit narrowed significantly in the second quarter on the back of a sharp increase in merchandise exports.
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Economy
Bank of England raises interest rates by 50 basis points
The Bank of England raised its key interest rate by 50 basis points, raising it for the seventh time in a row in an...
Economy
Swiss central bank reaches negative interest rates after almost 8 years
The Swiss central bank raised interest rates by 75 basis points to get rid of the negative rates that have been in place since...
Economy
German producer prices rise to unprecedented levels
The producer price index in Germany rose in August last year to 45.8% year on year due to the continued severe impact of rising...
Economy
Inflation in Japan reaches its highest level since 2014
Japanese government data showed that "inflation reached 2.8% in August, the highest level since 2014."
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Economy
Chinese authorities have increased spending on coal to cope with severe weather and energy crisis
China has increased spending on coal to cope with harsh weather, a domestic energy crisis and skyrocketing global fuel prices, raising fears that Beijing's...