Debt Crisis May Endanger Europe's Economic Recovery
Published: 2/6/2010 12:24:28 PM
By: Anna Fedec, contact@tradingeconomics.com
In the third quarter of 2009, the Euro Area economy emerged from the worst recession since World War II. Yet, during the last few weeks, the single currency union has been facing the biggest challenge since its establishments as lower tax revenues started bringing fiscal deficit in some member countries to unsustainable levels.
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Canada Gained Jobs in January
Published: 2/5/2010 8:49:14 AM
By: TradingEconomics.com, Bloomberg
Canada gained more jobs than expected in January, led by part-time positions for youth, pushing the unemployment rate down. Employment rose by 43,000 last month, and the unemployment rate fell to 8.3 percent.
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US Payrolls Fall in January, Unemployment at 9.7%
Published: 2/5/2010 8:38:28 AM
By: TradingEconomics.com, Reuters
Employers unexpectedly cut 20,000 in January, but the unemployment rate surprisingly fell to a five-month low of 9.7 percent, according to a government report on Friday that hinted at some labor market improvement starting to take root.
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Australia's Monetary Policy Has Been Driven By China’s Growth
Published: 2/4/2010 3:59:34 PM
By: Anna Fedec, contact@tradingeconomics.com
In February, the Reserve Bank of Australia left interest rates unchanged despite of an influx of indicators pointing to growth acceleration and price pressures. Yet, after an explanation given by governor Stevens, it became clear that this unexpected decision was mainly prompted by recent Chinese easing of economic stimulus measures.
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Bank of England Halts Bond Purchase Program
Published: 2/4/2010 10:30:30 AM
By: TradingEconomics.com, Bank of England
The Bank of England paused its 200 billion-pound ($317 billion) bond-purchase plan and left open the option to buy more as officials gauge the health of the U.K.’s recovery.
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ECB Holds Rates, Sees Moderate, Uneven Recovery
Published: 2/4/2010 10:25:48 AM
By: TradingEconomics.com, Reuters
The European Central Bank kept interest rates at a record low of 1.0 percent on Thursday and reaffirmed its view that the euro zone's economic recovery would be modest and uneven this year.
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New Zealand Jobless Rate Rises to 7.3%
Published: 2/3/2010 5:18:24 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s unemployment rate soared to the highest level in more than 10 years in the fourth quarter as a slow recovery from recession made companies reluctant to hire extra workers.
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ADP Says U.S. Companies Cut Estimated 22,000 Jobs
Published: 2/3/2010 9:32:30 AM
By: TradingEconomics.com, Bloomberg
Companies in the U.S. cut an estimated 22,000 jobs in January, in line with forecasts, according to data from a private report based on payrolls.
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Australian Trade Deficit Widens
Published: 2/2/2010 10:52:30 PM
By: TradingEconomics.com, Bloomberg
Australia’s trade deficit widened in December as imports of goods including gasoline surged the most in almost two years, adding to evidence of an economic rebound.
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Despite Recent Growth, US Recovery is Still Weak
Published: 2/2/2010 12:59:10 PM
By: Anna Fedec, contact@tradingeconomics.com
In the fourth quarter of 2009, the United States economy expanded at an annualized rate of 5.7% giving the impression that the recovery in world’s largest economy has been stronger than expected. Yet, growth was mainly due to inventory rebuilding and the recent economic expansion maybe short lived.
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