Tag: measures

China’s inflation rate eases in August

China’s inflation rate eases in August

Inflation in the world’s second largest economy eased last month after reaching a 3-year high in July. According to the National Statistics Bureau, consumer prices rose by 6.2% in August on an annual basis, compared with 6.5% the previous month. Several other economies throughout the world are battling with higher inflation, particularly in Asia, which [...]

September 9, 2011 | 0 Comments More
China’s economic growth cools

China’s economic growth cools

July 13, 2011 | 0 Comments More
IMF downgrades Japanese economic growth

IMF downgrades Japanese economic growth

The International Monetary Fund (IMF) has downgraded its growth prospects for the world’s third largest economy. The Fund expects the Japanese economy to contract by 0.7% in 2011, much lower than its previous estimate of 1.4%. The IMF said it lowered its growth forecasts because of March’s earthquake and tsunami. The twin disasters caused billions [...]

June 8, 2011 | 0 Comments More
Chinese inflation holds steady at 4.9%

Chinese inflation holds steady at 4.9%

China’s National Bureau of Statistics (NBS) has today revealed the consumer price index rose 4.9% in February on an annual basis – the same figure as January. However, inflation is still well in excess of the 3% target set by the Government and was higher than analysts forecasts of 4.7%. The Government recently announced measures [...]

March 11, 2011 | 0 Comments More
Moody’s downgrades Spain’s debt rating

Moody’s downgrades Spain’s debt rating

Spain has been dealt a further blow today after Moody’s ratings agency cut the country’s debt by one notch to Aa2 from Aa1. In a statement, the agency said: “(Moody’s) believes there is a meaningful risk that the eventual cost of the recapitalisation effort could considerably exceed the government’s current projections.” The downgrade comes just [...]

March 10, 2011 | 0 Comments More
Chinese inflation continues to rise

Chinese inflation continues to rise

China’s National Bureau of Statistics (NBS) has revealed the consumer price index rose 5.1% in November on an annual basis - much faster than expected. It represented the fastest increase since July 2008 - when inflation exceeded the 6% mark. Inflation is still well in excess of the 3% target set by the Government. Last [...]

December 13, 2010 | 1 Comment More
Irish parliament approves austerity budget

Irish parliament approves austerity budget

The Irish Government has outlined its austerity budget, aimed at saving €6 billion in spending cuts and tax hikes, designed the trim the country‘s budget deficit. Ireland is aiming to save €15 billion (£13 billion) between 2011 and the end of 2014 – 11% of the economy‘s annual output. The measures are a condition of [...]

December 8, 2010 | 0 Comments More
ECB expected to announce measures to address debt crisis

ECB expected to announce measures to address debt crisis

The European Central Bank (ECB) is in the midst of its monetary policy meeting and while interest rates are expected to remain at the record low of 1%, measures may be announced to address the debt crisis. There is speculation that the ECB may extend its Government bond purchase (liquidity) programme. The latest debt crisis [...]

December 2, 2010 | 0 Comments More
German unemployment rate unchanged at 7%

German unemployment rate unchanged at 7%

The Federal Labour Agency has today announced Germany’s unemployment rate remained at 7% in November. However, the jobless total fell by 14,000 to 2.931 million, down from 2.945 million the previous month. The number of unemployed continues to remain below the crucial three million mark – boosted by a combination of Government measures and reforms. [...]

November 30, 2010 | 0 Comments More
Chinese Government adopts measures to tackle food inflation

Chinese Government adopts measures to tackle food inflation

The Chinese Government has today announced plans to curb double-digit food price inflation. A number of measures have already been introduced by the Government to control prices, such as hiking interest rates – the first time since 2007 such a move was made. Last week, the National Bureau of Statistics (NBS) revealed the consumer price [...]

November 17, 2010 | 0 Comments More
China prepares measures to contain inflation

China prepares measures to contain inflation

China’s Premier, Wen Jiabao, has announced his Government is preparing measures to deal with double-digit food price inflation. While no details were provided, measures are expected to include price caps and subsidies. A number of measures have already been introduced by the Government to control prices, such as hiking interest rates - the first time [...]

November 17, 2010 | 0 Comments More
Portugal’s parliament approves austerity budget

Portugal’s parliament approves austerity budget

Portugal’s parliament yesterday endorsed tough austerity measures - designed to deal with the country’s spiralling budget deficit. Many euro zone nations have introduced similar measures as they tackle large levels of debt. The new austerity budget is aimed at trimming the deficit from 7.3% of economic output in 2010 to 4.6% in 2011. However, the [...]

November 4, 2010 | 0 Comments More
Fed restarts stimulus programme as expected

Fed restarts stimulus programme as expected

Following a two-day meeting, US central bank, the Federal Reserve, has announced it will introduce a fresh round of stimulus. The move was widely expected after concerns for the US economic recovery amid low inflation and rising unemployment. The Federal Open Market Committee (FOMC) has agreed to inject an additional $600 billion (£373 billion), albeit [...]

November 3, 2010 | 0 Comments More
Spanish unemployment rate falls below 20% mark

Spanish unemployment rate falls below 20% mark

Spain’s statistics office has revealed that the country’s unemployment rate has finally fallen - to 19.8% in the July-September period. It was the first fall in unemployment in three years but the rate still remains the highest in Europe. Spain’s jobless rate is almost double the 10% for the euro zone as a whole with [...]

October 31, 2010 | 0 Comments More
US Fed introduces “QE Lite” to boost economy

US Fed introduces “QE Lite” to boost economy

The Federal Reserve has elected to keep US interest rates at the historically low level of between 0% and 0.25%, as widely expected. Interest rates in the world’s largest economy have been at the low level since December 2008 and the bank has previously said that as a result of subdued inflation and high unemployment, [...]

August 11, 2010 | 0 Comments More
Chancellor Osborne unveils simpler tax system

Chancellor Osborne unveils simpler tax system

As expected, Chancellor George Osborne has today revealed plans to simplify the UK tax system, in a bid to encourage investment and stimulate economic growth. The Chancellor said the “spaghetti bowl” of UK tax law will be simplified and said: “The previous government took a complex tax system and made it even worse. A decade [...]

July 20, 2010 | 0 Comments More
BA makes new offer to cabin crew to prevent further strike action

BA makes new offer to cabin crew to prevent further strike action

The Unite union last week announced plans to ballot its 12,000 cabin crew members on Tuesday, however, it will now be postponed following an offer from British Airways (BA). So far, cabin crews have held 22 days of strikes after being involved in a long-running dispute with the airline over cost-cutting measures, which include a [...]

June 27, 2010 | 0 Comments More
Italians stage strike against tough austerity measures

Italians stage strike against tough austerity measures

Italian workers are the latest to stage strikes amid tough austerity measures, introduced by the country’s Government to bring its budget deficit down. The union, CGIL, called the strike, after cuts were made in funding for local Government, as well as the freezing of public sector pay. Protests were held in Rome, Milan and Bologna, [...]

June 27, 2010 | 0 Comments More
Osborne defends his “tough but fair” budget

Osborne defends his “tough but fair” budget

In his first budget yesterday, Chancellor George Osborne defended his Government’s painful cuts and said if action is not taken, we will find our country on the “road to ruin,” According to figures from the Treasury, every household will be worse off as a result of tax rises and changes to the benefit system. The [...]

June 23, 2010 | 0 Comments More
Japan lifts growth forecast and outlines debt measures

Japan lifts growth forecast and outlines debt measures

The world’s second largest economy has today lifted its growth forecast for the year to March to 2.6%, compared with an previous estimate of 1.4%. Growth in the year to March 2012 is predicted to be 2%. Japan was one of the first major economies to emerge from recession in the second quarter of 2009 [...]

June 22, 2010 | 0 Comments More