GDP up by 1% in Euro area and EU27 in Q2
GDP increased by 1% in both the euro area (EA16) and the EU27 during the second quarter of 2010, compared with the previous quarter, according to first estimates released by Eurostat, the statistical office of the European Union.
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SMEs confidence increases across the globe
HSBC’s Small Business Confidence Monitor reveals SMEs across the globe plan to increase capital expenditure (41%), expand their workforce (26%) and hold a positive view towards local economic growth (84%).
Looking for new opportunities in international trade
Eurostat figures show that the first estimate for the eurozone trade balance with the rest of the world in April 2010 gave a €1.8bn surplus. Stuart Nivison, Head of Trade and Supply Chain for HSBC Europe thinks that domestic business environment will remain challenging.
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