Euro Area and EU GDP Jumps by 5.2% in 2021 as Growth Stalls in Q4
(Eurostat) Euro area and EU posted a 5.2% increase in GDP in 2021, despite growth easing in the last quarter of the year. Growth in the fourth quarter eased at…
UK’s Public Sector Debt to GDP Was at its Highest in Almost 60 Years in December
(ONS) UK posted a public sector debt, excluding public sector banks, of 2,339.9 billion pounds in December 2021, equivalent of 96.0% of GDP and the highest ratio since March 1963. …
China GDP Grows by 4% in Q4 2021 Beating Estimates
(NBS) China’s economy expanded by 4% in the fourth quarter of 2021 from the prior year, faster than the projected growth of 3.6%. For the full year 2021, the economy…
GDP Growth in the Euro Area and EU in Q3 Matches Q2. Employment Rises 0.9%
(Eurostat) The gross domestic product in the euro area rose by 2.2% in the third quarter, while the EU registered a lower 2.1% expansion. The GDP had increased by similar…
UK GDP Eases to 1.3% Growth in Q3 as Trade Deficit Widen
(ONS) UK’s economy is estimated to have grown by 1.3% in the third quarter, after a jump of 5.5% in the previous quarter on growing output after the easing of…
GDP Growth in the Euro Area and EU Improves Further in the Third Quarter
(Eurostat) Economic growth is estimated to have jumped by 2.2% in the euro area in the third quarter, more than a gain of 2.1% in the second. Growth in the…
US GDP Misses Estimate After Advancing by 2.0% In the Third Quarter
(BEA) US gross domestic product rose at an annual rate of 2.0% in the third quarter, missing expected 2.8% increase and below a gain of 6.7% in the second quarter.…
China’s GDP Misses Estimates in Q3 After 4.9% Growth as Factory Activity Wanes
(NBS) China’s economic growth averaged 4.9% in the third quarter from the prior year, less than the forecasted 5.2% expansion. On a quarter over quarter basis, growth was 0.2%, compared…
UK GDP Grows by 0.4% in August to Reduce Gap With Pre-Pandemic Levels
(ONS) UK gross domestic product increased by 0.4% in August, more than a surge of 0.1% the previous month. The GDP is now 0.8% below the levels before the coronavirus…
UK GDP Beats Estimates to Post a 5.5% Growth in the Second Quarter
(ONS) UK gross domestic product expanded by 5.5% in the second quarter of 2021, up from a prior estimate of 4.8% increase following the lifting of Covid-19 restrictions. Fig: UK…
UK Settles for a Lower-than-Expected 0.1% Jump in GDP as Delta Variant Bites
(Office for National Statistics) The UK recorded a 0.1% jump in the gross domestic product in July from June, the smallest gain since January this year. The gain was less…
Euro Area’s GDP Jump 2.2% In Q2. Employment Rate up 0.7% In Euro Area and EU
(Eurostat) The gross domestic product in the euro area rose by 2.2% quarter over quarter in the second quarter, higher than the EU's 2.1% jump in the same period. Fig:…