Western Australian economy likely to face tough year, consumer spending to remain weak

Jun 28, 2016 07:36 am UTC| Commentary Economy

The Western Australias economy is likely to face a tough year; however, it is expected to register growth in the export sector. The levelof employment is nearly1.4 million, which isan all-time high. In the last 30...

Czech Republic’s sovereign debt grows rapidly

Jun 28, 2016 06:53 am UTC| Commentary Economy

The foreign indebtedness of Czech Republic is increasing. It had reached nearly CZK 3,200 billion, 70.4 percent of GDP, at the end of Q1 2016. Hence, the assets held by non-residents in the Czech Republic have risen by...

Czech Republic’s economic confidence deteriorates again moderately

Jun 28, 2016 06:06 am UTC| Commentary Economy

The economic sentiment in the Czech Republic has again deteriorated moderately following a slight rebound. However, the economic mood in the country continues to be at a similarly high level as 2015. Thus, the acute sense...

U.S. services sector growth continues to be weak in June

Jun 28, 2016 05:39 am UTC| Commentary Economy

The U.S. services sector has remained subdued again in June given the data for the month. The activity growth continues to be marginal, while job growth has eased to its one-and-a-half year low. The seasonally adjusted...

South Korea cuts 2016 GDP growth forecast, plans to inject fiscal stimulus

Jun 28, 2016 05:39 am UTC| Commentary Economy

The South Korean government has slashed its gross domestic product forecast for this year and said it would prepare fiscal stimulus to support the lackluster economy. The announcement was made by the countrys Finance...

U.S. trade deficit widens in May, indicates weakness in certain areas of economy

Jun 28, 2016 05:08 am UTC| Commentary Economy

The U.S. trade deficit broadened more than economists projection in May. This might suggest likely indications of weakness in certain areas of the economy, according to certain economists. The trade shortfall in goods...

Danish trade surplus likely to be slightly lower in 2016, 2017

Jun 27, 2016 12:51 pm UTC| Commentary Economy

Denmark has been recording a decent current account surplus. This is partially due to quite a limited corporate investment appetite keeping imports low. But the sizeable surplus is also because of the countrys huge net...