May 2013 International Economic Fundamentals
- Thread starter Ally
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Job destruction in Europe moves upstream
Elisa Forte is triply cursed.
She`s of an age ` 52 ` when it is hard to reinvent yourself after losing your job. Her career was in book publishing, an industry in rapid decline well before the financial and debt crises hit. And Italy is in deep recession.
In other words, her employment prospects are grim, and she knows it.
Read the full article here.
Elisa Forte is triply cursed.
She`s of an age ` 52 ` when it is hard to reinvent yourself after losing your job. Her career was in book publishing, an industry in rapid decline well before the financial and debt crises hit. And Italy is in deep recession.
In other words, her employment prospects are grim, and she knows it.
Read the full article here.
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- 16,743
Australia home prices dip in April, after upbeat Q1
SYDNEY, May 1 (Reuters) - Home prices in Australia's major cities dipped in April after a strong first quarter, though rising rents and high auction clearance rates pointed to underlying resilience in demand, an industry survey showed on Wednesday.
Figures from property consultant RP Data-Rismark showed dwelling prices fell 0.5 percent in April, from March when they climbed 1.3 percent. Prices were still up 2.7 percent on April last year with a median value of A$485,000 ($502,800).
Read the full article here.
SYDNEY, May 1 (Reuters) - Home prices in Australia's major cities dipped in April after a strong first quarter, though rising rents and high auction clearance rates pointed to underlying resilience in demand, an industry survey showed on Wednesday.
Figures from property consultant RP Data-Rismark showed dwelling prices fell 0.5 percent in April, from March when they climbed 1.3 percent. Prices were still up 2.7 percent on April last year with a median value of A$485,000 ($502,800).
Read the full article here.
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- Joined
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- Joined
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German unemployment down 6.8% in May
BERLIN - A traditional spring pickup in job creation helped reduce Germany's unemployment rate to 6.8 per cent in May from 7.1 per cent the previous month.
In total, the Federal Labor Agency said Wednesday that 2.937 million people were registered as unemployed, down 83,000 over the month.
Read the full article here.
BERLIN - A traditional spring pickup in job creation helped reduce Germany's unemployment rate to 6.8 per cent in May from 7.1 per cent the previous month.
In total, the Federal Labor Agency said Wednesday that 2.937 million people were registered as unemployed, down 83,000 over the month.
Read the full article here.
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OECD cuts China growth outlook, urges reform roadmap
BEIJING (Reuters) - The OECD on Wednesday slashed its forecast for China's 2013 economic growth to 7.8 percent, the same as last year's actual rate, from a previous 8.5 percent, citing weakening domestic demand amid global uncertainties.
Growth in the world's second-largest economy may recover to 8.4 percent in 2014 on increased policy support, the Organisation for Economic Co-operation and Development (OECD) said its latest report on the global economic outlook.
Read the full article here.
BEIJING (Reuters) - The OECD on Wednesday slashed its forecast for China's 2013 economic growth to 7.8 percent, the same as last year's actual rate, from a previous 8.5 percent, citing weakening domestic demand amid global uncertainties.
Growth in the world's second-largest economy may recover to 8.4 percent in 2014 on increased policy support, the Organisation for Economic Co-operation and Development (OECD) said its latest report on the global economic outlook.
Read the full article here.
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Social breakdown now trumps markets as Eurozone's biggest threat
BRUSSELS ` Unemployment has reached a new high in the eurozone and inflation remains well below the European Central Bank`s target, underscoring just how severe a challenge EU leaders face to revive the bloc`s sickly economy.
Germany, along with France and Italy, back urgent action to rescue a generation of young Europeans who fear they will not find jobs, with youth unemployment in the EU standing at nearly one in four. Read more
Read the full article here.
BRUSSELS ` Unemployment has reached a new high in the eurozone and inflation remains well below the European Central Bank`s target, underscoring just how severe a challenge EU leaders face to revive the bloc`s sickly economy.
Germany, along with France and Italy, back urgent action to rescue a generation of young Europeans who fear they will not find jobs, with youth unemployment in the EU standing at nearly one in four. Read more
Read the full article here.