Canada's unemployment rate climbs for a third straight month

Source: Bloomberg

Canadian jobless level unexpectedly soared for a third consecutive month in December. According to Statistics Canada, the unemployment level surged to 7.5% compared to 7.4% increase in November and 7.1% in September. Economists questioned by Bloomberg earlier predicted unemployment rate to stay steady at 7.4%.

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Mon, 09 Jan 2012 15:51:54 GMT

China's economy may see slower growth

China's economy is expected to expand at a slower pace in the Q4 of 2011. The GDP may grow by 8.5% in Q4 of 2011 and by the same rate in 2012, economists claimed. However, slower expansion will allow the government to concentrate on problems in China's economic structure. But the country still has to ease its prudent policies to prevent hard landing.

Mon, 09 Jan 2012 16:24:41 GMT

China to continue prudent monetary policy

China will continue its tight monetary policies but is ready to fine-tune them in case of necessity, announced the PBOC, closing the work conference. The PBOC plans to adjust the supply of credits and maintain social financing at a reasonable growth. The country will focus on stimulating agricultural sector, optimizing credit structure, developing small and medium enterprises and supporting affordable home projects.

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