China grows as slowly as 24 years no longer – 7.4 percent
BEIJING – Economic growth in China last year to 7.4 percent decline. It is the slowest growth since 1990, the year had been imposed after the bloody suppression of the Chinese democracy movement as economic sanctions against China. Economists polled by Bloomberg had expected a rise of 7.3 percent.
outlook for the global economy deteriorates
BEIJING – The weakest growth in China for nearly a quarter of a century also slows down the global economy. Despite the favorable oil prices and the recovery in the US, the global economy will grow more slowly than expected this year, the International Monetary Fund (IMF) predicted in its global economic outlook on Tuesday. The IMF screwed its forecast for global economic growth this year by 0.3 points to 3.5 percent growth down (2016: 3.7).
US: NAHB housing market index becomes cloudy surprising
WASHINGTON – The mood in the US housing market has deteriorated unexpectedly in January. The NAHB housing market index fell by one point to 57 meters, such as the National Association of Home Builders (NAHB) announced on Tuesday. The previous month, however, was revised from 57 to 58 points. Economists had expected, however, with a value of 58 points. Thus, the indicator is however more only just below his nine-year high in September, when he had risen to 59 points
drives Cheap oil and ECB monetary flood ZEW Economic Sentiment
MANNHEIM -. The economic expectations German financial experts have at the beginning of the year significantly brightened more than expected because of the rapid downturn in oil prices and the prospect of a further opening of the floodgates by the European Central Bank (ECB). By the Centre for European Economic Research (ZEW) determined indicator rose in January to 13.5 points on 48.4 meters, as announced in the ZEW Mannheim on Tuesday.
Germany: Producer prices go sharply in 2014
WIESBADEN – Falling energy prices have pulled the price level at manufacturer level last year down. The Federal Statistical Office announced on Tuesday, the annual average producer prices in 2014 were lower by 1.0 percent a year earlier. This is the largest decline since the year 2009. Energy was 3.1 percent lower than in 2013 and thus contributed most to the price decrease. Excluding energy producer prices fell by only 0.1 percent
Banks loosen conditions for lending
FRANKFURT -. Businesses and consumers are again easier to obtain credit. Partly because of the growing competitive struggle for customers, banks have eased conditions for the allocation of funds in the fourth quarter of 2014. In the euro area, said the European Central Bank on Tuesday at the presentation of the “Bank Lending Survey” in Frankfurt. . In addition, the Institute had improved their balance sheets, and also the cheap long-term loans from the ECB for the commercial banks already had
Economy Weiser Field warns of ECB plans
BERLIN – The economy Lars field has the expected government bond purchases by the European Central Bank (ECB) criticized. Field said the “Bild” newspaper (Tuesday), with the program “, the ECB printing by Italy and France, and finally to reform and save. Without reform, Italy and France continue to languish around with negative impact on our exports there”.
Schäuble: The euro zone is stable – whatever happened
NEW DELHI – A few days before the general election in Greece German Finance Minister Wolfgang Schäuble (CDU) rejected concerns about the stability of the euro , “The euro zone is stable, whatever happens in a member country,” Schaeuble said on Tuesday before the Indian Chamber of Commerce, New Delhi. The monetary union had regained the confidence of financial markets. The European Union Bank was a key element. For Ukraine conflict Schäuble said, Europe aspire a partnership with Russia. “We do not want escalation, we want a solution, we are ready.”.
Economic criticized ECB plans – Merkel: Politics remains central
BERLIN / ESCHBORN – for on Thursday the European Central Bank (ECB) expected decision on a multi-billion bond-buying program have warned parts of the German economy from dangers of money syringe. They concern “a high-risk operation with an uncertain effect on price movements in the euro zone,” said the chief executive of German Chambers of Industry and Commerce (DIHK), Martin Wansleben, the “Passauer Neue Presse” (Tuesday): “The danger is great . that paralyzed by the cheap money of zeal for reform for competitiveness “
ILO: unemployment is increasing globally continues to rise – need more growth
GENEVA / DAVOS – More than six years after the outbreak the financial crisis, unemployment occupies the world still. Unemployment will continue to rise globally by 2019 from the current 201 million to 212 million, warned the International Labour Organisation (ILO) just before this year’s World Economic Forum in Davos. The main reason is that most economies not grow sufficiently.
/ rob / jkr
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