News » December, 2010 » 3 December 2010
Consumer spending withstands VAT hike and salary decline
03.12.2010, 00:13 | Economy | 851 views
The major decline of agriculture, which took most analysts by surprise, and the continued decline of constructions and of trade dragged the economy down in the third quarter, deepening the decline to 2.5% compared with the similar period of last year. Positive news came from the industry sector, which continued its rise, though at a slower pace, as well as from consumer spending, which only declined by 1.1% of GDP in the third quarter against the similar period of last year, compared with a 4.1% decline in the first quarter of 2010. Read more on ZF.ro
|
Latest news in category Economy
The industrial output in the Eurozone has increased above expectations in October, after dropping for two months in a row, which could mean that the expansion in the region may have accelerated towards the end of the year, according to Eurostat. read more...
Germany's trade with the rest of the world has slowed down in October, as its exports and imports fell compared to September, due to the difficulties on the emerging markets, especially in China, Brazil and Russia. read more...
The Organization for Cooperation and Economic Development (OCDE) has worsened its estimates concerning the growth of the world's economy, for the second time in the last three months, as the slowdown of the emerging markets is affecting other countries as well, such as Germany and Japan. read more...
|
|
