Bank of Spain reports growth increase

Note: This section contains information in English only.
Source: Bloomberg
Spain economic growth quickened in the second quarter of the year as the country is ready to start the second year of the upturn from the most severe recession in its democratic history. GDP grew 0.5% from the first quarter, when it increased 0.4%. The Prime Minister of Spain is loosening the efforts to cut the country's budget deficit to increase demand and lower the dependence on the overseas sales.

 

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Wed, 23 Jul 2014 16:30:14 GMT

BoE governor concerned about low interest rates

Mark Carney, governor of the Bank of England, states that keeping interest rates low for a long time may cause a bubble in housing prices and there is a possibility of a recession returning. As the UK's economy is coming back to what is considered to be normal, production is finally at pre-crisis level and inflation is close to the

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