The European Central Bank (ECB) is feeling more optimistic about growth in the eurozone, having raised its forecast for GDP growth to between 1.4% and 1.8% for 2010, and between 0.5% and 2.3% in 2011. Explaining the revision, ECB president, Jean-Claude Trichet, said: “Euro area real GDP grew strongly...
Posted to
Finance
on 09-03-2010
Filed under: All Financial News, Economy News, European Central Bank, ECB, inflation, interest rates, exports, GDP, growth, recovery, eurozone
UK house prices saw their second consecutive monthly fall in August, according to Nationwide. The lender recorded a 0.9% decline in the average value of a home, following a 0.5% month-on-month fall in July. The annual rate of inflation remained in positive territory at 3.9% but was down sharply, from...
Posted to
Finance
on 09-02-2010
Filed under: All Financial News, inflation, fall, Property News, Nationwide, annual, UK house prices, August
India saw its economy grow by 8.8% in the three months to the end of June, when compared to a year earlier. GDP forged ahead at its fastest pace in over two years with the sectors registering significant growth, compared with the previous three month period, as follows: manufacturing 12.4%; trade, hotels...
Posted to
Finance
on 08-31-2010
Filed under: All Financial News, Economy News, inflation, GDP, India, growth
Influential think tank, the Policy Exchange, has warned interest rates may be hiked to 8% by 2012, in order to combat stubbornly high inflation. Interest rates remain at the 300-year record low of 0.5% – where they have been since March 2009 – in order to boost the economy and bring it out...
Posted to
Finance
on 08-23-2010
Filed under: All Financial News, Economy News, inflation, interest rates, Bank of England, rise, think tank, MPC, Monetary Policy Committee, Policy Exchange