Australian budget deficit soars amid slow economic growth

Note: This section contains information in English only.
Source: Bloomberg
State budget deficit in Australia will most likely jump during the current financial year, as the country observes increasing unemployment, slowing economic growth, while the stronger national currency leads to decline in manufacturing industry. Australian Treasury expects the deficit to reach $28.8 billion this year, while the budget balance will be returned not earlier than in 2015-16.
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Mon, 28 Oct 2013 06:49:04 GMT

Daimler to increase truck production

According to German newspaper Frankfurter Allgemeine Sonntagszeitung, the leading car and truck manufacturer in the country, Daimler AG, is planning to raise truck production in Germany, adding the third shift to its factories till the end of this year. The company reports an advance in demand. Moreover, the head of the truck division said that the company aims at 8%

Mon, 28 Oct 2013 06:16:10 GMT

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