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UK Chancellor Unveils GBP 30 Bln Stimulus For Economy Amid Covid-19 Outbreak

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 →

U.S. Consumer Prices Unexpectedly Edge Higher In February

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 →

Eurozone GDP Growth Slows On Consumption, Exports

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 →

Australia’s Growth Exceeds Expectations In Q4

Australia's economy expanded more than expected in the fourth quarter ahead of the spread of coronavirus, data from the Australian Bureau of Statistics revealed Wednesday. Gross domestic product climbed 0.5 percent sequentially after expanding by revised 0.6 percent in the Read More →

Coronavirus Outbreak Leads To Sharp Fall In China’s Business Activity

China's private sector contracted the most in February as company closures and travel restrictions were put in place due to the coronavirus outbreak, survey data from IHS Markit showed Wednesday. The Caixin composite output index dropped sharply to 27.5 in Read More →

Eurozone Private Sector Growth At 6-Month High

The euro area private sector growth reached a six-month in February, as initially estimated, despite the outbreak of coronavirus, final survey data from IHS Markit showed Wednesday. The composite output index rose to 51.6 in February from 51.3 in January. Read More →

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