Good day friends, latest update from Rome about Italy debt crisis, Italy Approves EUR 4.5 Bln Spending Cuts In 2012 To Delay Tax Hike, decision release by the Italian government late Thursday approved 4.5 billion EUR in spending cuts for this year, with an aim to reduce the size of the public sector and to delay an increase in sales tax until the first half of 2013, and then doing some evaluation
From Beijing economic news, China Q2 GDP Set To Show Worst Economic Performance In 3 Years, Chinese economic growth probably slipped to its weakest pace since the 2009 global financial crisis in the second quarter of 2012, what a bad economic outlook, with the central bank's stimulus announcement for a second time in two months seen as a sheer acknowledgment of a slowdown in the world's second largest economy, which once steered the globe out of recession
British latest economic news we reporting, U.K. Output Price Inflation Lowest Since Oct. 2009, data output price inflation in the U.K. eased to its lowest level in nearly three years in June as falling prices of crude oil and imported metals allowed manufacturers to reduce charges to cope with weak demand of buyer
From Monetary fund, IMF's Lagarde Says Global Economic Outlook More Worrisome, based on latest economic data, The global economic outlook has become more worrisome over the past few months with deteriorating investment, employment and manufacturing in Europe, the United States, Brazil, China and India, International Monetary Fund Managing Director Christine Lagarde said Friday. And of course she also said the lender will downgrade the global growth forecast in its upcoming report. The IMF Chief's comments come just a day after three major central banks unleashed monetary stimulus amid growing signs of economic slowdown
Meanwhile, important data weighs on Eurozone is German Industrial Production Growth Exceeds Forecast In May, Germany's industrial production rebounded in May with better-than-expected growth that was driven by strong activity in the construction sector even as the Eurozone area struggles to recover from the deepening sovereign debt crisis
From U.S. Labor Department we reported, U.S. Job Growth Falls Short Of Estimates In June, While the U.S. economy saw continued job growth in the month of June, a report released by the Labor Department on Friday showed that employment increased by less than economists had anticipated before
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