Economy
Unemployment in Italy drops to 9.5%, lowest level since 2011
Italy's unemployment rate dropped to 9.5% in August, a fall of 0.3 of a percentage point on the previous month, taking it…
ECB loose monetary policy – Lawrence Zammit
Last week Mario Draghi, the outgoing president of the European Central Bank, announced that the ECB had decided to cut one of…
German government insists economy not heading for pronounced recession
Europe’s largest economy is not facing a bigger downturn or a pronounced recession after contracting slightly in the second quarter but there…
Warning of higher risk of recession in Germany
There is an almost 60% chance that the German economy could fall into recession, according to a monthly index gauging the health…
Pound falls to lowest levels in three weeks amid election speculation – UPDATED
The pound fell to the lowest level in three weeks amid mounting speculation that a general election is imminent. The pound has…
S&P says that Argentina has defaulted its debt
Argentina has defaulted on its debt, according to Standard & Poor’s, the rating agency, after it announced plans to delay payments on…
Scathing review of Malta’s economic model by The Telegraph
The Telegraph’s on-line edition carries a scathing review of Malta economic model in an article titled “ Malta: model economy or money…
Europe might get into recession – Renowned economist warns Britain, Italy and Germany are ‘paralysed’ by domestic issues
Europe has a 70% chance of plunging into recession, according to renowned economist and bond market expert Mohamed El-Erian, with Britain, Italy…
Germany ready to ditch balanced budget in case of recession
Germany’s coalition government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession,…
Germany releases gross domestic product quarterly results for 2019
Germany's Federal Statistical Office (Statistisches Bundesamt) announced on 14 August 2019 that the country's gross domestic product (GDP) grew by 0.4 percent…
Irish manufacturing conditions deteriorate at fastest pace since April 2013
Irish manufacturing growth slowed in July at the fastest pace since April 2013, with output contracting at the sharpest and fastest rate…
Government reports €156.2 million deficit – NSO
By the end of June 2019, Government’s Consolidated Fund reported a deficit of €156.2 million, the NSO said today. During the fi…