Capital Economics News
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U.K. retail sales unexpectedly fell in April, led by the biggest drop in food sales for almost two years and indicating continued weakness in consumer spending
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Britain’s underlying budget deficit widened in April, dealing a blow to Chancellor of the Exchequer George Osborne as the International Monetary Fund prepares to deliver its verdict on the U.K. economy.
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Canada’s housing slump has only just begun and it is premature to say the market will have a so- called soft landing, said David Madani, an economist at Toronto- based Capital Economics Ltd.
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The Central Bank of Nigeria left its benchmark interest rate at a record high, concerned by a drop in oil output and the threat of higher spending as the government combats Islamist insurgents in the northeast.
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Eastern Europe’s credit shortage is easing, though conditions will remain tight as lenders in the continent’s west pull back, according to Capital Economics Ltd.
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Russia’s economy grew at the weakest pace since 2009 in the first quarter as the euro area’s longest recession hurt demand for commodity exports and investment at companies including OAO Gazprom cooled.
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Russia’s economy probably grew at the weakest pace since 2009 in the first quarter as investment at companies including OAO Gazprom cooled and the euro area’s longest recession hurt demand for commodity exports.
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Hungary’s economy posted quarterly growth in the first three months of the year for the first time since 2011, supporting Prime Minister Viktor Orban’s quest to avoid European Union funding cuts.
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Investors seeking single-family homes to rent are buying land and newly-built properties as foreclosures dwindle and existing home prices in the U.S. rise at their fastest pace since 2006.
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Eastern Europe’s economic slowdown probably bottomed out in the first quarter, according to Capital Economics Ltd.
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