U.S. Q3 2019 GDP growth estimated at 2.1% as personal consumption soars; Total Public Debt as Percent of GDP at highest ever level

U.S. real gross domestic product (GDP) increased at an annual rate of 2.1% in Q3 2019, according to the third estimate released by the Bureau of Economic Analysis. Revised GDP growth for Q2 2019 was 2%.

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Eurozone and European Union Q3 2019 GDP grows by 0.3% (QoQ); Germany, Italy and Austria economic growth at just 0.1%

Q3 2019 GDP was up by 0.3 % in both the Eurozone (EA19) and in the European Union (EU28), compared to Q2 2019. In Q2 2019, GDP grew by 0.2 % in the Eurozone (EA19) and in the European Union (EU28). Compared with the Q3 2018 (same quarter of the previous year), seasonally adjusted GDP rose by 1.2 % in the Eurozone (EA19) and by 1.4 % in the European Union (EU28) in Q3 2019.

 

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Highlights from November 2019 – Stock Markets rally; S&P 500 up 25% so far this year but S&P 500 earnings flat in third quarter this year vs last year; Germany avoids technical recession

Stock Markets Rally
Equities markets continued their rally in November, the S&P 500 gained 3.4%, the Dow 3.7% and Nasdaq Composite 4.5% during the month. Elsewhere, the Japan TOPIX gained 1.9% during the month and the UK FTSE was up 2.2% during November.

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Highlights from October 2019 – Stock Markets hit all time high; China growth slowest in three decades; GBP rallies; Eurozone economy fragile

What happened in October: The S&P 500 hit an all-time high as trade tensions eased. The Fed cut interest rates again. Meanwhile, China GDP growth was slowest in three decades. The British Pound soared in October and signs are that the Eurozone economy is faltering more than expected.

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