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EC forecasts sluggish growth of the Dutch economy, moderate growth for the euro zone

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The Dutch economy will grow by only 1.8% this year. This is the lowest growth rate the European Commission expects for the 19 euro countries in 2021. Next year, the recovery of the Netherlands will also lag behind with an expected growth rate of 3% if the euro zone emerges from the crisis. On the other hand, the economic blow last year in the Netherlands seems to have been less severe than...

German Industry falls flat after seven months of growth

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Production in German industry stagnated in December after seven months of sustained growth. According to the German Federal Statistics Office, industrial production remained unchanged last month compared to November. The German industry is faced with the new lockdowns against the coronavirus and also chips shortages. According to the statistical office, industrial production increased by an...

Nearly half of the green products aren’t green enough

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Cosmetics, clothing and household appliances that are offered on the internet as ‘green’ products are that in many cases not or the claim cannot be sufficiently proven. When reviewing 344 ‘Green claims’ by the European Commission and national authorities in the EU, the green claim for 145 products (42%) was false or misleading, says EU day-to-day administration. EU...

Germany lost 5 percent of GDP in 2020

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The economy of Germany, the largest in Europe, shrunk by 5 percent in 2020 because of the crisis. The German Federal Statistical Office reported this on the basis of a preliminary estimate. This put an end to ten years of growth for the German economy. The German economy suffered from lockdowns and weaker exports, for example because the demand for German cars was under pressure. In the spring...

BaFin to investigate insider trading of TUI shares

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The German Stock Exchange authority, BaFin, is said to be starting an investigation into striking changes in the share of the tour group TUI. In the days and weeks before the beginning of December, when an agreement was reached on state aid, marked exchange rate reactions were observed. This is reported by the German newspaper Bรถrsen-Zeitung. A member of the Lower Saxony parliament would have...

Negative monthly inflation comes to Germany again

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Inflation in Germany is negative for the fifth month in a row in December. The average price level decreased by 0.7 per cent compared to a year earlier, reported the German Federal Statistical level. It is the lowest level of inflation in more than a decade. The negative inflation rate is largely caused by a temporary VAT reduction introduced by the German authorities as a measure to counter the...

Dutch PMI at the highest point since February 2018

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Activity in Dutch industry grew at the strongest rate in December since September 2018. In particular, the number of new orders increased significantly, but the Dutch Association of purchasing managers (Nevi). Employment also increased, albeit modest. The growth of orders led to the second largest increase in production in two years. Companies were clearly buying more supplies. But the...

New stimulus consensus pushes stock exchange in excitement

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The average price of a property in the United States rose by 1.6 percent in October compared to a month earlier. This is reflected in the S & P Corelogical Case Shiller index, which reflects price developments in 20 major American cities. Economists in general counted on a plus of 1 percent. Compared to a year earlier, homes became almost 8% more expensive in October. The US stock exchanges...

Dutch PMI climbed in December, still negative though

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Dutch industrial entrepreneurs were less negative in December. This is reflected in figures from the Central Statistical Office (CBS) of Netherlands. In particular, the assessment of expected activity showed improvement. Industrial confidence went from minus 3.8 to minus 0.4 in the last month of the year. That is the highest gain after March 2020, when confidence was shaken by the crisis. The...

Netherlands report 4.1 percent export increase in October

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Exports of goods from the Netherlands increased by 4.1 percent in October compared to the same month a year earlier. The Central Statistical Office (CBS) of Netherlands states that in particular more chemical products, agricultural goods and machinery and equipment were exported. Exports of goods account for about three quarters of total exports. The volume of imports in October was 0.3 percent...

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