Monthly archive March, 2020

The UK economy stagnated in January as the expansion in the service sector was offset by falling industrial and construction output, data from the Office for National Statistics revealed Wednesday. Gross domestic product remained flat on month in January after Read More →

The Bank of England is prepared to take more measures to combat the economic impact of the coronavirus outbreak, Governor Mark Carney said at a press conference on Wednesday, after the central bank announced a slew of measures including a Read More →

Iceland's central bank slashed its key interest rate and lowered the reserve requirement for banks in a surprise move on Wednesday as the economic outlook deteriorates amid the coronavirus, or Covid-19, outbreak.Original Article Read More →

Chancellor Rishi Sunak unveiled a comprehensive stimulus package totaling GBP 30 billion [$39 billion] on Wednesday to support the UK economy as the coronavirus, or Covid-19, keeps spreading hurting people and businesses.Original Article Read More →

A report released by the Labor Department on Wednesday showed a modest increase in U.S. consumer prices in the month of February. The Labor Department said its consumer price index inched up by 0.1 percent in February, matching the uptick Read More →

The euro area economy expanded at a slower pace as initially estimated at the end of 2019 driven by weaker consumption and exports, a revised estimate published by Eurostat revealed on Tuesday. Gross domestic product in the 19-nation bloc grew Read More →