38 countries currently have interest rates at an all-time low

A decade on from the financial crisis, 38 countries currently have interest rates at an all-time low. Ultra-low interest rates seem to be the tool of choice for Central Banks to help stimulate economies globally. But seriously, this a decade on from the financial crisis? Did the world really recover from the financial crisis? Probably not …

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The European Central Bank or ECB balance sheet is 4.7 trillion Euros or over 40% of Eurozone GDP (July 2019 edition)

Apparently, the European Central Bank (ECB) balance sheet was meant to shrink significantly in 2019. It has shrunk just 0.5% in 2019 until July 5th (as against 5% for the Federal Reserve in the same period).

At 4.67 trillion Euros (or around 41% of Euro area or Eurozone GDP), it doesn’t look like things are going to change quickly.

ECB Balance Sheet until July 2019

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Germany still accounts for most of the current account surplus of the European Union

The seasonally adjusted current account of the balance of payments for the European Union was a surplus of €40.5billion or 1% of GDP in the first quarter (Q1) of 2019, up from a surplus of €40.2billion or 1.0% of GDP in the fourth quarter (Q4) of 2018 and down from a surplus of €58.3billion or 1.5% of GDP in the first quarter (Q1) of 2018, according to estimates released by Eurostat.

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UK employment at highest ever level as wage growth lags; Unemployment lowest in 45 years; Self-employment at highest level

At the end of March 2019, the employment rate for the United Kingdom was estimated at 76.1%, the joint- highest figure on record. The UK economic inactivity rate was estimated at 20.8%, again close to a record low.

UK Employment by Gender until March 2019

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UK Q1 2019 GDP growth estimated at 0.5% (QoQ) and 1.8% (YoY); Manufacturing output soars; Trade deficit widens

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.5% in Q1 (January to March) 2019. In comparison with the same quarter a year ago (Q1 2018) UK GDP increased by 1.8%, the fastest growth since Q3 2017.

UK GDP upto Q1 2019

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