21557
Eurozone C/A Surplus Narrows
World Economy

Eurozone C/A Surplus Narrows

The eurozone’s current account surplus narrowed in May, data from the European Central Bank showed Monday, Dow Jones reported. The current account balance, a broad measure of an economy’s international financial position, showed a surplus of €18 billion ($19.5 billion) in May, compared with €24 billion in April. Cumulated figures for the twelve months to May, showed the surplus at 2.5% of gross domestic product, compared with 1.8% a year earlier. There’s a bit more uncertainty in the air. Now-casting.com’s revised estimate for second-quarter GDP dipped below 0.5% for the first time since early May. Meanwhile, European Central Bank President Mario Draghi remains optimistic, which is no surprise. But in last week’s press conference he also noted that there are still headwinds lurking. “The ongoing slowdown in emerging market economies continues to weigh on the global outlook and economic growth in the euro area is likely to continue to be dampened by the necessary balance sheet adjustments,” he advised.

 

Short URL : http://goo.gl/NpLbnK

You can also read ...

Romania Economy and Formula 1
According to National Bank of Romania advisor Lucian Croitoru...
Gazans on Edge of Economic Collapse
Across the 140-square-mile territory, Gazans are struggling to...
Most vulnerable countries include Turkey (high current-account deficit) and nations such as Saudi Arabia that are pegged to the dollar.
Two months ago, when the US benchmark 10-year treasury yield...
Philippines, New Zealand and Singapore have achieved greater gender equality in the workplace.
Hiring more women could supercharge Asia’s economies. A report...
French PMI Weakens
French industrial morale weakened slightly in April compared...
The government is working on the culture of workaholism and is considering legislation that would cap the total amount  of overtime a worker could do at 100 hours a month.
All is not well in the Land of the Rising Sun. Japan, a...
Global Cybercrime Generating $1.5t in Illicit Profits
New criminality platforms and a booming cybercrime economy...
EC Investigates Apple-Shazam Deal
Apple’s $400 million acquisition of music identification...

Trending

Googleplus