Germany growth rate seen weaker in second half

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Source: RTTNews
The German economy is expected to expand slower during the second half of the year, pressured by the decreasing demand from Eurozone, the Finance Ministry announced on Monday. The most recent data showed the GDP gained 0.3% on quarter in the Q2. Tax revenue surged 5% on year through July, supported by the rise in employment and wages.
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Mon, 20 Aug 2012 16:35:45 GMT

Greece current account deficit drops in June

Greece's current account deficit declined dramatically on year in June, Bank of Greece said on Monday. The current account shortfall dropped to EUR 274.3 million from EUR 1.598 billion in previous year. The income account deficit fell to EUR 243.4 million in June, compared to EUR 1.233 billion in 2011. Meanwhile, current transfers deficit declined to EUR 11.3 billion from

Mon, 20 Aug 2012 16:02:45 GMT

U.K. gross mortgage lending climbs in July

U.K. gross lending rose 8% on month to 12.7 billion pounds in July, reported by Council of Mortgage Lenders on Monday. Gross mortgage lending surged 2% on year-on-year basis. Analysts are waiting for the September figures, largely influenced by the bias effects of the Olympics and the Diamond Jubilee.

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