German GDP growth slows down in Q2

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Source: Forexpros

Europe's biggest economy added 0.3 per cent in the second quarter, following a 0.5% increase in the previous quarter, according to data released by Destatis on August 23. The results met analysts' expectations. Year-over-year German economy increased 0.5% in the second quarter, after growing 1.7% in the previous.

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Thu, 23 Aug 2012 19:19:53 GMT

Swedish unemployment rate improved in July

Swedish unemployment rate fell to 7.0 per cent in July, from 8.80 per cent in the previous month, the statistics office said on Thursday, August 23. Meanwhile, analysts had expected nation's jobless rate to fall to 7.2 per cent. Total employment stood at 4.859 million people in July.

Thu, 23 Aug 2012 18:57:55 GMT

Fed likely to announce QE3 soon

The U.S. Fed is likely to announce another round of quantitative easing soon unless the world's biggest economy starts to recover considerably, the latest minutes released by the Federal Reserve on August 22 showed. Meanwhile, the U.S. economy grew only by 1.5 per cent in the second quarter.

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