UK Economy Shrinks More Than Predicted
UK December Retail Sales Up Volume 1.6%
Sales specials and other incentives by British merchants led to a 1.6 percent increase in the quantity of retail sales for December over the previous year; however, the deep discounts resulted in a decline of 0.8 percent in the actual value of the sales. According to the Office for National Statistics, (ONS) this was the largest drop in the value of sales since 1986. More
Spain’s Unemployment Rate at 13.9%
Government officials revealed this morning that Spain – which already has the highest unemployment rate in the Eurozone – lost more than one million jobs in the past year brining total unemployment to 13.9 percent or 3.2 million people. More
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