The composition of the euro area current account balance in terms of its geographical counterparts has been fairly stable in recent years, with the euro area’s most important trading partners accounting for the largest part of the bilateral surpluses and deficits.
Economic growth in Central Asia is expected to moderate in 2018 and 2019, reflecting a need for fiscal consolidation in the region and slower growth in the extractive sector, the European Bank for Reconstruction and Development (EBRD) said.
Economic growth in Russia is expected to hold steady at 1.5 per cent this year and into 2019 as the positive impact of higher oil prices is offset by the negative economic consequences of sanctions imposed by the United States of America and the European Union (EU), said the European Bank for Reconstruction and Development (EBRD).
During the period 2007-2017, the value of European Union (EU) exports of chemicals remained significantly higher than the value of its imports.
Second quarter of 2018