Rolling economic and financial news, as a big fall in Chinese imports and exports show its economy remains shaky * Latest: Eurozone grew by 0.4% in Q2 * Introduction: Chinese imports slide 13% * Shanghai market slides, then bounces * Analysts blame global slowdown * Nikkei falls 2.4% in nervous trading 11.18am BST TODAY’S GROWTH DATA IS “A DOUBLE DOSE OF MODEST GOOD NEWS” FOR THE EUROZONE, SAYS HOWARD ARCHER OF IHS GLOBAL INSIGHT. He points out that year-on-year eurozone growth hit a four-year high of 1.5% in the second quarter, up from from 1.2% in the first thee months of 2015. The euro and oil prices remained at highly supportive levels to Eurozone growth in the second quarter, although they were above their first quarter lows. However, the Eurozone’s ability to kick on may well have been hampered by heightened uncertainty weighing down on business and consumer confidence as the Greek crisis came to a head and concerns over global growth increased. 11.06am BST EVEN WITH TODAY’S UPWARD REVISIONS, THE EUROZONE’S GROWTH RATE REMAINS SOMEWHAT MODEST. Growth rates of 0.5% in Q1, and 0.4% in Q2, are still modest by international standards, especially given the boost from cheap energy prices and the ECB’s QE programme. Continue reading...
 |
| READ THE ORIGINAL POST AT www.theguardian.com |
