Swedish economy grows more than expected

Source: Bloomberg

Sweden's economic growth surpassed most forecasts in 3rd quarter as exports and investment surged. Annual GDP added 4.6% compared to prediction of 3.4% estimated by analysts. Output in 3rd quarter advanced 0.6%. Nevertheless, Annika Winsth, Nordea Bank's chief economist predicts that Swedish growth is likely to slow down in nearest future amid European debt crisis.

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Tue, 29 Nov 2011 12:35:28 GMT

Swiss banks may lose $51bn in UK, German assets

Swiss asset managers are likely to lose about 47 bn Swiss francs ($51.1 bn) as their clients are going to make large withdrawals ahead of tax arrangements with UK and Germany presumed to be implemented in 2013. Cash outflows are expected to surge during forthcoming 18 months. Bankers estimate potential capital outflows to be around 25%-30% of non-declared securities. Switzerland this year signed accord with UK

Tue, 29 Nov 2011 10:48:28 GMT

UK home prices increased in November

UK home prices climbed in November showing the highest increase since September 2010. The index shows the property prices increased by 0.4% in November from previous month and rose by 1.6% since November last year.  Experts say the reason is lack of supply in the real estate sector coupled with low interest rates. However, despite slight increase in house prices the overall outlook on British

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