Government Spending

LUXEMBOURG | Italy tries to reassure European partners over spending plan

LUXEMBOURG — Italy is trying to reassure its eurozone partners over its plans to ramp up government spending, which have had financial markets and other governments worrying about the country’s public finances. Italy’s finance minister said his counterparts in the 19 nations that use the euro should “remain calm” and await his explanations of the … Continue reading LUXEMBOURG | Italy tries to reassure European partners over spending plan

BERLIN | German economy defies trade gloom with strong growth

BERLIN — The German economy accelerated in the second quarter despite the U.S. move to impose new tariffs on the European Union, official data showed Tuesday, performing slightly better than economists had expected. Germany’s economy, Europe’s biggest, grew by 0.5 percent compared with the previous three-month period. That is up from 0.4 percent in the … Continue reading BERLIN | German economy defies trade gloom with strong growth

BERLIN | German economy grew by 0.5 percent in 2nd quarter

BERLIN— The German economy accelerated slightly in the second quarter to grow by 0.5 percent compared with the previous three-month period, official data showed Tuesday, performing a little better than economists had expected. Germany’s economy, Europe’s biggest, grew 0.4 percent in the first quarter — a figure that was revised upward Tuesday from the initial … Continue reading BERLIN | German economy grew by 0.5 percent in 2nd quarter

US construction spending fell 1.1 percent in June

WASHINGTON/ August 1, 2018 (STL.News) — Spending on U.S. construction projects fell 1.1 percent in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years. The decline in June brought total construction spending to a seasonally-adjusted $1.32 trillion, 6.1 percent higher … Continue reading US construction spending fell 1.1 percent in June