The last five EcoFlash
Headline
12/2/2016
Global
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Oil back on front pages

The production cut announced by OPEC countries for the first half of 2017 led oil prices to markedly rebound. This is bad news for consumer spending, as energy demand is quite inelastic to prices. But the flexibility of US oil production should limit the increase in oil prices.

Separateur
12/2/2016
France
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Inflation picks up slightly

Inflation continues to rise gradually, driven by the contribution of energy prices, now slightly positive. Core inflation continues to trend slightly downwards.

Separateur
12/2/2016
Portugal
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The European Commission shows some flexibility

The Portuguese government considers that it responds to the European commission requirements in its draft budgetary plan by aiming to reduce the budget deficit to 2.4% of GDP this year. Moreover the government is forecasting to reduce it to 1.6% of GDP in 2017.

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