Greek Economy Continues to Slump – Greece’s economy remained mired in a deep recession, the latest data showed Tuesday, underscoring the myriad challenges the country’s new coalition government faces as it scrambles to secure fresh aid and begins talks on a controversial plan to slash Greece’s debt mountain. According to the national statistics service, the [...]
Australian Jobless Rate Drops – Australia’s jobless rate fell to 5.2 per cent in November, with the economy creating the most jobs since January as employers gained confidence heading towards the year’s end, according to official data released today. The seasonally adjusted rate compares with a 5.4 per cent unemployment rate in October, according to [...]
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RBA Boss Promotes Saving – Sounding a warning about the ”challenge of prosperity” facing the nation, Mr Stevens said last night that it would be unwise for Australia to become hooked on unsustainable levels of spending. There was no way to know if Australia’s roaring terms of trade – the value of exports relative to [...]
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US Fed Lowers Economic Outlook – The US economy will grow only 2.4 per cent to 2.5 per cent this year, Fed officials said overnight in an updated forecast. That’s down sharply from a previous projection of three per cent to 3.5 per cent. Next year, the economy will expand by three per cent to [...]
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Unemployment To Drop To 4.5 Percent – Treasury believes the budget is on track to return to surplus as promised, pencilling in an underlying cash balance of $3.1 billion in 2012-13, up from the May budget forecast of $1 billion, and marginally down from the pre-election forecast of $3.5 billion. Advertisement: Story continues below The [...]
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