China's growth slows down

Source: Marketwatch
© Scanpix/Reuters

The pace of economic growth in China probably will decrease; China's GDP is projected to be 8.4% in 2012 being lower than 9.1% in 2011, reported the World Bank of China. China's inflation is projected to be moderate of 4.1% in 2012 as compared to 5.3% this year. Trade surplus forecast for 2011 is 3.5% of GDP and 3% of GDP in 2012.

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Fri, 25 Nov 2011 10:18:14 GMT

Hungarian stocks fell after credit rating downgrade

Hungarian stocks decreased rapidly after it was announced that the country's credit rating was decreased to junk status by Moody's Investors. The rating agency claimed Hungary's ability to implement fiscal consolidation is doubtful; moreover, there is turmoil in public-sector debt cut. The BUX index was down 4.3% in the early trade in Budapest.

Fri, 25 Nov 2011 10:01:40 GMT

Russia leaves benchmark rate unchanged

Russia has decided to leave benchmark interest rate untouched for a second consecutive month. According to Bank Rossii statement released today it will keep borrowing rate at 8.25%. Russia is trying to restrict inflation to 7% - the lowest since the collapse of Soviet Union in 1991. However, depreciation of ruble may boost inflation next month as export power is increasing.

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