EU projects higher economic growth for Britain

Note: This section contains information in English only.
Source: RTT News
© Scanpix/Reuters
Economic growth in the United Kingdom will increase to 1.3% during the current year, while the next year the economy will add as much as 2.2% and 2.4% in 2015. Such the outlook was given by the European Commission on Tuesday. It is worth pointing out that the British economy advanced only 0.1% in 2012. Economists say that the economic growth will be mainly driven by domestic demand.
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Tue, 05 Nov 2013 15:19:03 GMT

Swiss inflation declined in October

According to the data of the Swiss Federal Statistical Office, the consumer price index in the country decreased 0.1% in October of this year on a monthly basis after being flat in September. Economists predicted the inflation to add 0.1% in October. At the same time, the annual deflation reached as much as 0.3% and the pace of decline increased

Tue, 05 Nov 2013 14:46:03 GMT

The U.S. Dollar sank after EC downgraded its forecasts

The ICE Dollar index dropped to 80.577 from Monday's figure of 80.606, while WSJ Dollar index declined to 72.81 from prior 72.89, after European Commission cut its GDP forecast for the year 2014 to 1.1% from previous expectation of 1.2% and increased the forecast for unemployment rate to 12.2% from 12.1%. The greenback traded at 0.7423 Euro.

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