Great Recession in Europe

Turkey's industrial production rose by 13.3 percent on an annual basis in February, gathering pace from the 7.6 percent year-on-year increase recorded in the previous month, data from the Turkish Statistical Institute (TÜİK) have shown.

The February reading was also above the 8.9 percent rise in the country's industrial output in February 2021.

The U.S. economy ended 2021 by expanding at a brisk 7 percent annual pace from October through December, the government reported Thursday in a slight upgrade from its earlier estimate as businesses stepped up their restocking of supplies.

Spain's economy grew by 5.0 percent in 2021, showing a remarkable bounceback from a year earlier but below the government's target, an initial estimate by the National Statistics Institute (INE) showed on Jan. 28.

There is a continued decline which led directly to a 20 percent fall in share price off of the news

The Organisation for Economic Co-operation and Development (OECD) issued a warning saying that the "uneven" global economic recovery provokes worse forecasts related to global economy. OECD lowered its 2021 growth forecasts for the world, including pessimistic expectations about US. Still the Organisation raised the outlook for Europe, EPA reported.

100 million euros worth of internal debt in government bonds is being offered to investors. This is the first debt issuance since the spring of 2021, and in the term of office of caretaker Minister of Finance Assen Vassilev.

The residential price index increased by 2.7 percent in July from the previous month, data from the Central Bank have shown.

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On an annual basis, house prices across Turkey rose by 29.2 percent in the month in nominal terms, while in real terms, the increase was 9.9 percent, the bank said yesterday.

The current account of Romania's H1 balance of payments ran a deficit of 7.040 billion euros, by 73.44 percent higher than in the year-ago period, the National Bank of Romania (BNR) announced on Friday.

The residential price index increased by 1.7 percent in December 2020 from the previous month, data from the Central Bank have shown.

On an annual basis, house prices across Turkey rose by 30.3 percent in the month in nominal terms, while in real terms, the increase was 13.7 percent, the bank said yesterday.

Bulgaria's GDP is expected to grow by 2.7 percent this year and by 4.9 percent in 2022, according to the winter economic forecast for 2021 of the European Commission.