Japan exports drop, China predicts global plunge

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

In October Japanese exports decline more than was predicted. According to Japanese Finance ministry, foreign shipments fell 3.7% in October when compared on yearly basis, indicating Japan's recovery from earthquake has slowed down. Drop in Japanese exports is reported amid announcement of Singapore about shrinkage of its growth and China's expectations of worldwide slump.

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Mon, 21 Nov 2011 10:21:44 GMT

Thailand predicts fall in GDP

Thailand's government expects a drop country's of 3.7% in this quarter as nation has experienced the most terrible flooding in 70 years. National Economic and Social Development Board have revised the estimate of 2011 growth rate from 4% to 1.5% while Bank of Thailand is planning to cut borrowing rates to stimulate growth. Floods in Thailand destroyed thousands of industrial plants and disturbed supplies for

Mon, 21 Nov 2011 10:21:10 GMT

Inventors continue to eye economic situation in the developed economies

Elections in Spain, exorbitant cost of borrowing in Italy and expected failure of the US supercommittee to implement deficit-reduction policies contribute to high volatility of the financial markets. Investors' confidence will continue correlate with instability in the most developed economies, said Jeff Sica, president of Sica Wealth Management.

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