grossdomesticproductgdp
Spain's economy grew slightly more than expected during the first quarter, at 0.8% and up from 0.7% on the previous quarter. It was the highest figure since the second quarter of 2022. The rise was mainly due to an increase in household spending which grow at 0.4%, the National Statistics Institute revealed. Imports of goods and services rose 2.2% during the first quarter of the year, whereas exports of the same jumped 3.3%. However, public administration spending fell 0.6%. On the supply side, most key sectors experienced robust growth, with the manufacturing industry rising 2.2%, and industr...
Euronews (English)
The Swedish unemployment rate in May was released on Wednesday morning, coming in at 8.7%, down from 8.9% in April, according to Statistic Sweden. This was also a three-month low. However, it was still a jump from May 2023’s 7.9%. The number of people without a job increased to 496,000, a rise of 41,000. On the other hand, the number of people with jobs fell to 5.187 million, a decline of 112,000. The employment rate for May 2024 was 68.3%, which was a fall of 1.5%. The labour force rate, which measures the number of employed people, as a percentage of the number of people falling within the w...
Euronews (English)
Deutsche Bank has increased the eurozone gross domestic product (GDP) outlook for this year from 0.4% to 0.9%, according to the latest Deutsche Bank World Outlook. However, the report suggests, this is likely to be due more to cyclical than structural reasons, with the bank's 2025 forecasts for the eurozone remaining the same at 1.5%. Regarding the eurozone, the 20 EU member states using the euro as currency, the report says: "Our inflation outlook is broadly unchanged - sticky and with upside risks in 2024, converging to target in 2025 but the composition is a little less ECB friendly, with h...
Euronews (English)
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