German economic advances 0.3% in Q3

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Source: RTT News
Economic growth in Germany decreased to 0.3% in the July-September quarter of the current year, while the annual growth reached 1.1%, calculating on price-adjusted basis. The result fully matched the initial estimations. Economists point out that the largest contribution to the GDP growth was made by domestic demand, which added 0.7%, while exports and imports added 0.1% and 0.8%, respectively.
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Fri, 22 Nov 2013 11:27:05 GMT

Italian retail sales retreat unexpectedly

Retail sales in Italy dropped unexpectedly in September of this year, as the decline reached 0.3% on a monthly basis. At the same time, economists forecasted them to add 0.4% after staying flat in August. On the annual basis Italian retail sales lost as much as 2.8%. Economists point out that it was the largest retail sales' drop in eight

Fri, 22 Nov 2013 11:05:03 GMT

Italy and Spain to defend their budget drafts at Eurogroup meetings

Both Spain and Italy's ministers of economics are expected to justify their proposed budgets this Friday, during the Eurogroup Meetings in Brussels. This comes a week after the European Commission expressed doubt that Italy and Spain are doing all they can to lower debt or reduce deficits. These doubts were contested by the two countries. The European Commission hopes that

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