Obama concentrates on new financial bubble

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Agence France-Presse
President of United States Barack Obama, who started his term in the office during the time, when the previous bubble bursted, wants to be confident that his economic recovery's plan do not create a new one. The president spoke on this topic four times during this month; however, nation's economy is growing at 1.7% and jobs data remain below pre-crisis highs.
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Mon, 19 Aug 2013 11:11:15 GMT

Pound jumps amid boosted U.K. growth expectations

The Sterling appreciated 0.2% versus the greenback, after the CBI updated this year's expansion estimates for the U.K. economy from 1% in May to 1.2%. The Britain's currency added 0.21% to $1.5655 against the U.S. Dollar and gained 0.10% to £0.8514 against the common currency, and climbed 0.41% to 153.03 versus the Yen.

Mon, 19 Aug 2013 11:57:21 GMT

U.K. economic growth forecasts increased by CBI

The Confederation of British Industry increased its expectations for U.K. economic expansion in year 2013 and 2014 as business and consumer confidence improve and credit conditions strengthens. CBI expects the economy to grow 1.2% this year and 2.3% next year, for comparison, previous prognosis were 1% and 2% projected in May.

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