IMF raises economic forecast global economy
The International Monetary Fund (IMF) has revised upwards its forecast for how much the worldwide economy will expand this year. It now forecasts that the global economy will grow by 3.9% in 2010, in comparison to October’s estimation of 3.1%.
Read more...Taiwanese industrial production gained for fourth month
The Taiwanese industrial output rose for a fourth straight month, spurred by increasing orders for computers, cell phones and electronics components. Industrial production climbed 47.3% in December in the yearly comparison, following an adjusted increase of 31.4% in November
Read more...French business confidence exceeded economists’ forecasts
French business confidence gained more in January than economists expected, following indications that the economic improvement accelerated after the most intense slump in sixty years.
The gauge of sentiment among plant managers climbed from an adjusted 88 to 92 last month
Read more...The gauge of sentiment among plant managers climbed from an adjusted 88 to 92 last month
ITEM Club: Decade of painful readjustment United Kingdom
The British economy has ended the debt decade and has started a decade of painful adjustment, according to today’s latest Ernst & Young ITEM Club quarter-to-quarter estimation. The UK economy has to abandon borrowing and
Read more...Chinese lending limits favor Yen – Interest rates expectations fuel Aussie rally
Risk aversion increased this Friday as a result of investors’ concerns about the lending restrictions in China, which were proclaimed this week by the Chinese government, and may affect the worldwide economic development, providing the Japanese Yen support
Read more...German economy likely faltered in last quarter
It is expected that the German economy faltered in the last quarter of 2009, according to the German Federal Statistics Office, ending the most negative year for the bloc’s wealthiest country, Germany, since the Second World War.
Read more...Initial jobless claims increase
The number of initial jobless claims rose in the previous week. However, the statistic stayed close to the lowest level in more than twelve months and exceeded economists’ expectations. The United States Department of Labor announced today that the number of people filing for first-time unemployment help increased to
Read more...German unemployment increases in December
The number of German people without a job increased in December by 60.000, amid the international economic recession, forcing the unemployment rate up to 7.8%, according to today’s data.
Read more...Greenback down on corrective expectations – Industrial report pushes Czech Crown up
The US Dollar rose more than 5% in December against the Common European Currency as expectations surged that the current rise of the Greenback could be overdone, pushing the Greenback also down against more-profitable currencies.
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