Latest update from Singapore economic news, Singapore Revised Q4 GDP +3.3, Singapore's gross domestic product was up a seasonally adjusted annualized 3.3 percent in the fourth quarter compared to the previous three months, the Ministry of Trade and Industry said in Friday's revised reading
Australia economic news, RBA To Intervene Only When Currency Is "Seriously Overvalued", Stevens Says, Reserve Bank of Australia Governor Glenn Stevens on Friday defended the policy board's decision to keep the interest rate at 3 percent and said he needs to be pretty much confident that the currency is "seriously overvalued" before launching a large scale intervention
From Berlin economic news, German IFO Business Confidence Hits 10-Month High, Sentiment among German businesses improved to a ten-month high in February, fueling expectations that the economy could get back on its feet early this year despite widespread weakness in Eurozone economy. The headline business climate index rose to 107.4 in February from January's revised reading of 104.3, a report released by the Ifo Institute showed Friday
Meanwhile, European Union Says Eurozone To Undergo Second Year Of Economic Downturn, Eurozone is set to contract for the second straight year in 2013 as the region struggles with a deep financial crisis that is currently holding back spending and investment, but pushing up unemployment. In its Winter forecast released on Friday, the European Commission said the euro area economic activity is now bottoming out and it will gradually accelerate
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