Russia slashes its GDP forecast for 2013

Note: This section contains information in English only.
Source: RT T News
Growth forecast of Russian Federation or this year was slashed by the Economy Ministry amid decline in consumer demand and weaker investments, a report released by local news agencies revealed on Tuesday. According to the report, Russia's gross domestic product was set to grow 1.4% in 2013, while it was initially forecast to expand 1.8%.

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Wed, 04 Dec 2013 09:51:05 GMT

Irish service sector growth slowed down in November

Service industry activity in Ireland accelerated in the month of November, however, the pace of growth was slower than initially expected despite the largest increase in new orders, the Investec and Markit Economics showed in a report on Wednesday. Irish service sector purchasing managers' index fell from 60.1 in October to 57.1 in the following month.

Wed, 04 Dec 2013 09:29:04 GMT

UK shop prices record 7th straight deflation in November

United Kingdom overall shop prices continued to decline in November recording the seventh successive month of deflation for the country mainly due to a 2.3% deflation of food prices and a 2.0% deflation of non-food prices, the British Retail consortium showed in a report on Wednesday. UK overall deflation recorded 0.3% in November following a 0.5% drop in the prior

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