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Italy industrial output up 42.1 percent in May

July 11, 2020
Italy's seasonally adjusted industrial output increased by 42.1 percent in May compared to April this year, ISTAT national statistics bureau reported Friday.

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Italy industrial output up 42.1 percent in May

U.S. household wealth increased $1.08 trillion in Q2


China central bank says economy stable in first half

July 10, 2020
China’s central bank said the Chinese economy was stable in the first half of the year.

UK economy to slump over 10%, debts to surge

July 10, 2020
Britain will suffer the sharpest peak to trough economic slump of any major economy this year, rating agency Moody's warned on Friday, while its debts as a share of GDP will surge.

Canadian deficit to hit 254 billion USD this year

July 9, 2020
The Canadian deficit is expected to hit 343.2 billion Canadian dollars (about 254 billion U.S. dollars) this fiscal year due to massive economic aid and stimulus plans against the ongoing coronavirus pandemic, Canadian Finance Minister Bill Morneau said.

Earnings from direct Dutch exports to China exceed 5.6 billion euros

July 9, 2020
In 2018, companies in the Netherlands earned more than 5.6 billion euros in direct exports of goods and services to China, representing a contribution of 0.7 percent to Dutch GDP and an increase of around 22 percent relative to 2015.

House prices up 5.0% in euro area

July 9, 2020
House prices, as measured by the House Price Index, rose by 5.0% in the euro area in the first quarter of 2020 compared with the same quarter of the previous year.

French economy seen rebounding 19% in third quarter, 3% in fourth quarter

July 8, 2020
The French economy is set to rebound sharply in the second half of the year after an unprecedented slump in the first half due to the coronavirus lockdown, the INSEE statistics agency said on Wednesday.

EU current account surplus €59.9 billion

July 8, 2020
In the first quarter of 2020, when coronavirus containment measures began to be widely introduced by Member States, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €59.9 billion (1.8% of GDP).

Poland’s GDP drop to be smallest in EU in 2020

July 8, 2020
The Polish economy will shrink by 4.6 percent in 2020 and will expand by 4.3 percent in 2021, as the HICP inflation declines to 2.7 percent in 2020 and edges up to 2.8 percent in 2021, the European Commission (EC) said in its Spring 2020 Economic Forecast.

Africa GDP could slump 3.4% AfDB says

July 8, 2020
The African Development Bank slashed its forecast for economic growth on the continent because of the impact of the coronavirus and now sees gross domestic product contracting by at least 1.7% this year, and double that if the pandemic continues into the second half of 2020.
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