The good news just keeps on coming for Europe’s largest economy after the Economy Ministry today revealed industrial production rose by 2.9% in October – almost treble the 1% economists had expected. Economists described it as “a good start to the fourth quarter”. The figures indicate that Germany continues to drive the recovery of the [...]
China has surpassed Japan and become the world’s number two economy and could pinch the top spot from the US in the next 15 years.
In an interview with China Reform magazine, Yi Gang, China’s chief currency regulator, said: “China, in fact, is now already the world’s second largest economy.”
He added: “China is still a developing [...]
The Reserve Bank of India (RBI) has raised its key interest rate from 4% to 4.5% in a bid to combat rising inflation.
It is the fourth such increase this year and economists had only expected a rise to 4.25%.
Inflation rose to 10.55% in June and the latest interest rate hike is a fresh attempt to [...]
The Office for National Statistics (ONS) has today revealed UK economic growth for the second quarter today surged ahead by 1.1% – almost double the rate analysts had forecast.
Meanwhile, economic growth rose by 1.6% on an annualised basis – the highest in two years.
The UK is the first G7 country to release its quarter two [...]