German GDP rises 0.1% in Q1

Source: RTT News
© Scanpix/FP
German economy rebounded from a steep contraction recorded in the last three months of 2012, when it advanced modestly in the Q1, the Federal Statistical Office reported on Friday. According to the report the country's gross domestic product increased by 0.1% on a quarterly basis in the Q1 following a notable fall of 0.7% recorded in the Q4.

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Mon, 27 May 2013 06:42:07 GMT

China's President pledged to protect environment

Xi Jinping, the President of China, pledged to avoid environmental degradation even if it meant slower economic growth. The comment came amid rising public dissatisfaction with increasing levels of pollution in the country. The government has already approved the proposal to increase taxes on products that are harmful to the environment and also expand levies on country's natural resources.

Fri, 24 May 2013 14:07:21 GMT

Italy's consumer confidence drops in May

Consumer confidence in Italy dropped surprisingly in May largely due to a decrease of the economic climate index falling from 73.3 in April to 70.57 recorded in May, a survey released by the statistical office Istat showed on Friday. The consumer confidence index declined from 86.3 in April to 85.9 in May, while it was originally forecast to score 86.9.

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