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International tourism: Chinese becoming bigger and bigger spenders
In 2014 the Chinese spent nearly USD 170 bn on tourism services abroad.
In 2014 the Chinese spent nearly USD 170 bn on tourism services abroad. This makes them runaway leaders in the spending statistics ahead of tourists from the US (USD 112 bn) and Germany (USD 92 bn). The growth rate recorded by China over recent years has been particularly impressive: between 2000 and 2014 the Chinese increased their international tourism spending by an average of 20% per year. [more]
Brexit means that the EU is going to lose one of the largest contributors to its budget. The UK paid in a total of EUR 15.1 bn in the first two years of the current budget period 2014-2020, second only to Germany. [more]
The manufacturing sector is one of Germany's biggest employers. On average, more than 5.2 million people were working in manufacturing in the first half of 2016. This represents an increase of 6. [more]
The mid-term review of the EU’s multiannual financial framework 2014-2020 is scheduled for the end of 2016. The scenario of a Brexit taking effect in the upcoming years and the potential impact thereof might well be discussed as part of the review. [more]
One of the widely discussed patterns of the UK-referendum vote is its demographic distribution. Some surveys find that voters older than 65 were more than twice as likely to have opted for “leave” than those younger than 25 years. [more]
The share of light trucks (such as pickups and heavy sport utility vehicles) in total vehicle sales has increased noticeably in the US of late, reaching a new high of over 60% at the end of 2015. [more]
After suffering from two deep economic downturns following the financial crisis and the sovereign debt crisis, the economies of the peripheral countries in Europe eventually stabilised in 2014 or even started growing again. [more]