China's growth may slid below 7% in Q2

Source: Reuters
China's economic expansion may fall below 7% in Q2 in case economic weakness persists in June, said Zheng Xinli, government's adviser.  If the situational starts to improve, the GDP growth is likely to attain the lowest expansion pace in Q2, reported Jia Kang, head of the Finance Ministry. Meanwhile, according to Reuter's survey, China's economy is expected to grow by 7.9% in Q2, indicating sixth consecutive quarter of fall.

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Wed, 13 Jun 2012 11:16:41 GMT

German CPI grew by 1.9% in May

German CPI gained 1.9% last month, falling below 2% for the first time in 2012, reported the Federal Statistics Office. The data is in line with preliminary result released on May 29. The highest annualized increase faced food prices that grew by 2.4% while marked price decline was recoded for financial services that posted 16.3% price decrease in May.

Wed, 13 Jun 2012 17:39:42 GMT

South Korea's unemployment drops to 3.2%

South Korea's jobless rate reached its bottom in four months due to the continued recruitment boost in the service segment. According to Statistics Korea, the country's unemployment in May fell to 3.2% in contrast to the previous month's 3.4%. However, Ronald Man, HSBC Holding PLC's analyst, stated that as Korean manufactures are becoming more restrained, this could negatively impact the production output, and, consequently, weaken

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