UK recession is over, depression likely to continue: NIESR

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Source: RTT News
© Scanpix/RS
Recession of the United Kingdom's economy is over if the output keeps increasing, however, the period of depression is more likely to continue, a survey revealed by the National Institute of Economic and Social Research showed on Wednesday. Performance of the UK's economy recorded a 0.8% growth in the Q3, while in the three months to August it added 0.9%.

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Thu, 10 Oct 2013 10:07:04 GMT

Brent rises amid political upheaval

Brent crude increased on Thursday trading session amid concerns that the level of oil production in Libya may fall amid political upheaval as the country's prime minister was detained and removed from Tripoli hotel. Brent for settlement in November gained $1.08 to $110.14 a barrel on the London's ICE Futures Europe Exchange and it was at $109.75 as of 9:50

Wed, 09 Oct 2013 19:23:08 GMT

German industrial output rises signalling economy is improving

German industrial production advanced at the faster pace than economists originally expected in the month of August after the country's capital goods recorded a notable rise suggesting that the nation's economy is improving, the Economy Ministry reported on Wednesday. The report showed that industrial output added 1.4% in August after falling 1.1% in the month before.

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