Malaysia economy likely to grow at 5% in 2011

Note: This section contains information in English only.
Source: Bloomberg

According to PM Najib Razak, despite global slowdown, Malaysian economy is expected to grow around 5% this year. Malaysia is predicted to accelerate in 3rd and 4th quarter after growing 4.6% in the 1st and 2nd quarter. PM Najib suggested that country is less export dependent on euro-region and slowdown in Europe will not have critical impact on Malaysia.

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Mon, 14 Nov 2011 08:27:45 GMT

Mario Monti appointed to lead Italian government

According to Donato Marra, presidency general secretary, economist and former EU commissioner and Mario Monti was appointed to replace ex-premier Silvio Berlusconi as Italian PM on Sunday. Monti in his brief announcement thanked President Napolitano for trust and promised to do as much as possible to help Italy tackle hard economic situation. Monti eventually will receive approval from the Italian law makers.

Mon, 14 Nov 2011 10:12:53 GMT

US job loses claims are falling

US Labor Department announced initial claims for unemployment benefits decreased by 10000 to 390000. MarketWatch predicted it to be 398000. However, the situation in the country is still difficult as only 80000 job places were created in October while 250000 jobs per month are necessary to satisfy natural increase in labor force. US unemployment rate is 9% in October.

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