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UK GDP Q1 Growth 0.7% Quarterly and 0.3% Annually

Posted:2010-04-23 09:28:47 - By Liam Bailey

UK gross domestic product has grown 0.7% this year compared to the final quarter of last year and 0.3% compared to the first quarter of last year. This UK economy was the last to emerge from recession

Turkish Economy Out of Recession with 6% Growth

Posted:2010-04-02 15:33:12 - By Michael Sutton

Turkish GDP grew 6% year on year in the final quarter of 2009, this was Turkey's first quarter of positive growth in 5 quarters, and brought it out of recession with a bang. The growth could have been

Turkish GDP Growth to Exceed 3.5% Forecast This Year

Posted:2010-03-20 18:06:15 - By Michael Sutton

Turkey's State Minister and Deputy Prime Minister Ali Babacan said Turkey would revise official growth projections within a few months, and said Turkey was heading towards a better growth rate. "Even

UK Finally Exits Recession in Q4

Posted:2010-01-26 09:41:08 - By Alan de Sargent

Well hooray!!! The UK economy has finally been shown to have emerged from the worst recession it has seen since World War II. According to data just released from the Office for National Statistics,

House Purchase Mortgages Now Up on 2 Years Ago - Still I'm Saving My Champagne

Posted:2009-12-25 19:41:08 - By Liam Bailey

Sorry to all my regular for it taking me this long to put pen to paper on the British Bankers Associations figures for lending in November, but it is Christmas. After the Council of Mortgage Lenders

UK Retail sales Continue to Rise in November

Posted:2009-12-17 10:21:03 - By Alan de Sargent

Retail sales in the UK have risen on a year-on-year basis for the third consecutive month in November, according to figures just released by the Office for National Statistics. The volume of retail

The Future Looking Bright for Turkish Real Estate Sector and Economy

Posted:2009-11-19 15:12:10 - By Michael Sutton

The future is looking very bright for Turkey, in terms of the real estate market and the economy. There are several reasons why I say this. Firstly the Organisation for Economic Cooperation and Development

UK Labour Market Decline Slowing -- Sterling to see Significant Rally

Posted:2009-11-18 11:03:06 - By Liam Bailey

The growth in UK unemployment has finally started to slow according to an Office of National Statistics press release issued today. The release says: The rate of decline of the labour market has

Turkey Contemplates further Rate Cuts - Good Times to Buy Turkey Property

Posted:2009-10-29 12:07:59 - By Michael Sutton

The Turkish Central Bank has hinted that it may cut interest rates even further, with a 5-6% inflation rate likely for this year. This news has sent the Turkish Lira into freefall again; against Pound

UK GDP Down 0.4% in Q3, Stunts Recent Sterling Gains

Posted:2009-10-23 08:51:43 - By Emma Louise Bailey

Well, that is a blow. UK GDP decline 0.4% in the third quarter according to data just released from the Office of National Statistics. This comes as a surprise but not a shock to me. I was hopeful that

A Realisation About Consumer Confidence in the UK Economic Recovery

Posted:2009-10-22 22:52:40 - By Michael Sutton

The value of retail sales in the UK was 1.8% higher in September this year than September last year, and the volume of those sales was 2.4% higher. This comes after rises of 1.6% and 2.7% in August this

IMF Chief Says Turkey Doesn't Need IMF Assistance

Posted:2009-09-23 20:00:00 - By Michael Sutton

The head of the International Monetary Fund, Dominique Strauss-Kahn has been quoted by Turkish newspapers as saying that there was no current need for Turkey to agree a new loan package from the IMF. The

UK Retail Sales Grow in August - Clear Sign of Economic Recovery

Posted:2009-09-17 11:36:09 - By Emma Louise Bailey

In one of the most promising signals to suggest a UK economic recovery, the office for National statistics today revealed that the value of retail sales in August this year, was 1.6% higher than in August

UK Employment Situation Worsens in September

Posted:2009-09-16 08:53:24 - By Emma Louise Bailey

Well, all our fears were confirmed this morning; the ONS issued its figures on the UK labour market for September, and it couldn't have been worst. The opening paragraph says it all: The employment rate

Turkey Tourism Exceeds Expectations in July, Causes Account Surplus

Posted:2009-09-11 13:14:52 - By Liam Bailey

Turkish tourism exceeded expectations in July, leading to a $286million surplus in Turkey's current account, the first surplus in five years. This shows that the strong Euro is indeed sending more people

UK Construction Sector Shows Glimmers of LIght Amidst Massive Contraction

Posted:2009-09-10 11:17:36 - By Emma Louise Bailey

UK 10 September 2009 - New construction orders in the three months ending July were up 2% on the previous three month period, but down some 24% on a year earlier according to new data released today by

UK Business Investment Freefall Continues

Posted:2009-08-27 09:06:29 - By Emma Louise Bailey

In the second quarter, UK business investment, which is measured in chain volumes by the Office of National Statistics is estimated to have fallen 10.4% on a quarterly basis, and fallen by 18.4% on an

Slovakia and Greece Look Set to Avoid Recession

Posted:2009-08-21 20:26:11 - By Liam Bailey

UK 21 August 2009 - It was headline news earlier this month when it was revealed that two of Europe's biggest economies, France and Germany had emerged from recession with a positive growth of 0.3% in

Massive Jump in UK Retail in July - ONS

Posted:2009-08-20 09:30:01 - By Liam Bailey

Retail sales volume in the UK was 3.3% higher last month than they were in July last year, the Office for National Statistics has revealed today, the value of retail sales was 2.2% higher. This is yet

Romania Economy Facing Severe Recession - IMF

Posted:2009-08-10 21:06:57 - By Emma Louise Bailey

London 10 August 2009 - The International Monetary Fund has forecast an 8.5% contraction in the Romanian economy this year, following a major study into the country's economic performance under its two-year

Tunisia Property Recommended for Investment

Posted:2009-07-29 21:11:06 - By Emma Louise Bailey

The International Monetary Fund said Monday 27 July that Tunisia's economy is to grow by 3% this year, following growth of 4.8% last year. The forecast is not a new one however, as it is the standing forecast

A Breakdown of GDP Contraction in the EU

Posted:2009-07-08 20:46:08 - By Emma Louise Bailey

Eurostat has just released its second estimates for how much EU countries' GDP contracted by in the first quarter. For the most part the first estimates have held firm. The countries that suffered the

Retail Sales Down in the EU, Some Countries Looking Positive

Posted:2009-07-03 11:04:47 - By Liam Bailey

Retail sales across the EU fell in May, with a 0.5% decrease from April's figures recorded by Eurostat. May 2009 retail sales were over 3% lower than those recorded in May last year. Retail sales had

Spanish Unemployment falls for Second Consecutive Month - Good News?

Posted:2009-07-02 19:29:57 - By Michael Sutton

Spanish unemployment fell 1.5% in June, the second consecutive monthly fall, and the biggest June fall in 8 years. The news is being viewed in a very positive light, and rightly so, however the tourist

French Economy to Recover Q4 - Property in France Still Popular

Posted:2009-06-20 10:16:47 - By Emma Louise Bailey

A French statistical outlet has said it expects the French economy to come out of the recession by the final quarter of this year, on the back of inventory cuts ending, investment cuts slowing and low

More Bad News for the UK Economy - No. of Employed Plummets

Posted:2009-06-19 11:24:33 - By Liam Bailey

More worrying news for the UK economy, according to new data revealed by the Office for National Statistics, the number of employed people has fallen by the largest quarterly margin since comparable records

EU Construction Output Rises - Bad News for Spain?

Posted:2009-06-17 16:23:06 - By Scott Bailey

Construction output increased by 3.2% in April on a monthly basis, this is quite shocking given the problems with over-supply in the Spanish property market. This against the back-drop of a rise of 0.7%

EU Employment Continues to Fall - Eurostat

Posted:2009-06-16 10:27:14 - By Emma Louise Bailey

According to the latest data from Eurostat, employment in the EU fell by 1.2% in the first quarter of this year compared to the same period last year. An earlier press release revealed that unemployment

Investor Confidence Rises for 8th Month in Germany - Exceeds Forecast

Posted:2009-06-16 10:10:02 - By Scott Bailey

Investor confidence has risen to a 3 year high in Germany, following signs the the downturn may be easing. The Mannheim-based Centre for European Economic Research (ZEW) said its monthly measure of the

Croatian Government Steps Up Efforts to Increase Tourism

Posted:2009-06-15 09:17:01 - By Emma Louise Bailey

The Croatian government is once again stepping up its efforts to attract increasing tourism to the country, the industry having been heavily hit by the international downturn. The latest efforts are an

Indian Economy Shows Positve Signs - Early Recovery Possible

Posted:2009-06-14 18:26:01 - By Liam Bailey

In a week where I have written about positive economic news in the UK and the EU, and read about positive economic news in Turkey, the latest positive economic news comes from India. Industrial output

European Industrial Production Down 1.9% in May

Posted:2009-06-13 14:48:54 - By Liam Bailey

Industrial production in the Eurozone fell by 1.9% on the month in May compared to April, and fell by 0.9% across the EU(27).The full breakdown of the contraction is as follows: In April 2009 compared

EU Retail Trade up 0.5% in April

Posted:2009-06-11 12:06:43 - By Liam Bailey

I have just written an article with some positive news on the UK economy that perhaps suggests the beginning of a turnaround. And now I have found a very positive indicator of the Euro zone economy: according

Is the UK Recession Coming to an End?

Posted:2009-06-11 10:52:33 - By Liam Bailey

There have been reports of increasing activity in the UK housing market since April, and because of low supply this has translated into monthly price increases in April and May, and the quarterly and Annual

IMF Readjusts Albania Economic Forecast - More Educated Guess-Work

Posted:2009-05-31 11:39:55 - By Liam Bailey

The International Monetary Fund has once again adjusted its forecast for economic growth in Albania this year, now forecasting growth of only 0.4% for this year. Just last month the IMF publicly stated

Argentina Property Investment, Economic Potential and Government Mismanagement

Posted:2009-05-27 09:44:06 - By Liam Bailey

The Argentine government has said the economy grew by 2,7% in March, meanwhile the International Monetary Fund is still predicting a 1.5% contraction in the Argentine economy this year.That said, if the

Overseas Property Where Would I Invest Part 6: Brazilian Property

Posted:2009-05-26 20:59:52 - By Michael Sutton

Brazil is among the top 5 largest food exporters in the world, with the world's second largest cattle stocks, and is also the second largest exporter of meat. Add that to its massive services sector, hospitality

Philippines Economy to Continue Growing - Still Hot Property Investment tip

Posted:2009-05-15 18:55:14 - By Liam Bailey

Remittances from overseas Filipinos hit a record high of $1.47billion in March, according to the World Bank. This suggests that the economy will continue to grow strongly, the World Bank statement said. The

France Avoids Recession So Far, Property to Stay Popular

Posted:2009-05-09 13:59:56 - By Michelle Conlay

France's economy grew by 0.14% in the fourth quarter of last year, avoiding the recession predicted for it, the same recession that is currently devastating all the other developed countries in Europe.The

Sterling Strengthens: Mixed News for UK, Good News for Europe

Posted:2009-04-15 09:27:38 - By Liam Bailey

The Pound is strengthening against the Euro. The value of Sterling rose from €1.07 to €1.10 between last Monday and the Monday before, it stood at €1.11 when I checked last Friday, and it

IMF: Albania Reccession Out of Question, Growth to Slow

Posted:2009-04-08 20:30:21 - By Emma Louise Bailey

The International Monetary Fund has cut its growth forecast for Albania to 0-1%, but still believes recession is "out of the question" for the emerging Eastern European economy.Last year Albania's assistance

Turkey Central Bank Latest Base Rate Cut

Posted:2009-03-21 12:58:49 - By Emma Louise Bailey

Turkey's central bank has cut its base-rate equivalent by 1% because of falling inflation and output as well as the worsening economic outlook in the country. This is the latest in a serious of reductions

EU to Meet on Economic Recovery - Crucial for Property Markets

Posted:2009-02-14 21:16:31 - By Scott Bailey

The European Parliament and Czech Republic Parliament are to hold a two day joint parliamentary meeting this month aimed at kick-starting job creation and economic recovery in the EU. In attendance at

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