Low oil prices are bad news for oil producing countries like Russia and Saudi Arabia, as well as for oil companies and their workers, but it is good news for consumers, energy-intense companies and energy-importing countries. Read more
One in five people in the EU cite security fears as reasons not to order or buy goods and services online, a smaller share than in 2010. The share is higher in Italy and Spain, while online shopping is seen as safer in Germany and the UK.
Same-sex marriage is legal in almost half of OECD countries. The Netherlands was first to introduce it in 2001. The number of countries allowing it rose the most last year when Ireland, the US and Greenland joined in.
Brussels expects Ireland’s GDP to rise 4.5 per cent this year, nearly 1 percentage point higher than it forecast last year. Growth prospects in Spain and Italy are also more positive, but have been cut for Germany, the UK and France.
EU greenfield investment in the UK last year hit its highest level for seven years and represented more than 40 per cent of all project investments into the UK. Spain and Denmark made up nearly half of the EU capital invested in the UK.
There were nearly 3 million more people in employment in the third quarter of 2015 in the Eurozone than there were two years before. Of these, 1.6 million – over 53% per cent – were from the countries given the acronym ‘PIIGS’, for Portugal, Ireland, Italy, Greece and Spain. Read more
More than two-third of the capital invested by foreign groups in greenfield projects in the UK last year was in real estate, renewable energy and oil and gas. Property is the most targeted sector in the last decade.
Donald Trump leads Republican polls, but 38 per cent of US adults say he would make a terrible president, 10 percentage points more than think the same of the Democrats’ Hilary Clinton. About one in five has negative views of Jeb Bush. Read more
Employment in information and communication technology is rising and makes up 5 per cent of UK jobs, above the EU average of 3.7 per cent. The profession is male-dominated: fewer than two in 10 IT specialists in the EU are women.
Casual workers were the first hit in the financial crisis, with a fall of more than 1 percentage point in their share of employment in the Eurozone in the two years to the third quarter of 2009. Temporary employment is on the rise again.
Spanish house prices started to grow in mid-2014 but they are still 30 per cent lower than at the start of 2010. They have risen steadily in Germany since then and in the past three years in the UK and US. They continue to fall in Italy
Services exports are driving growth in trade and accounted for more than 60 per cent of the rise in the value of global exports in 2014, a far higher contribution compared with the yearly average of 15 per cent in the five years to 2011
Household saving rates have remained largely stable across large European economies in the past five years. The exception was the UK, where the rate dropped more than 7 percentage points to 4 per cent in the third quarter of 2015, one of the lowest rates across the European Union.
Last year consumer prices fell in 24 countries out of the 189 with available data, the second-largest number in the last 15 years after 2009. Switzerland, Greece and Spain were among the advanced nations with deflation, together with a number of eastern European countries such as Poland, Bulgaria and Romania.
With the oil price falling, the US oil and gas extraction sector lost about 17,000 jobs-8 per cent- in the year from its peak in December 2014. The fall is larger than in the year to December 2009, when the sector lost nearly 12,000 jobs.
In the Netherlands 9 in ten people aged 25-34 with a degree are in work. The share is smaller in the UK, Germany and France. Earning a degree does not guarantee a job in Italy, where only 60 per cent of young graduates are in work, the smallest proportion among all OECD countries.
Employment is growing in the Eurozone. There were nearly 3 million more people in employment in the third quarter of 2015 than there were two years before. Read more
India is forecast to grow 7.8 per cent in 2016, the fastest rate of the 85 countries in Consensus Economics’s survey of prominent forecasters. China is expected to grow 6.5 per cent, slower than Turkmenistan and Bangladesh.
About twice as many Americans aged over 65 have a favourable opinion of Donald Trump compared with those under 30, according to a YouGov poll following the property tycoon’s proposal to ban Muslims entering the US.
Lack of structural economic growth has contributed to political disillusionment in France. The average growth in French GDP per capita since the 1990 was the lowest among any other major European country except Italy and Greece. Read more