South Korea reports $11 billion worth growth measures

Source: Bloomberg
South Korea revealed its plans to inject 11.7 trillion won to strengthen the economy after growth slowed down to the weakest pace since the beginning of 2013. The country is ready to deploy funds from the current year's budget and increase the deployment of cash from governmental programs. The government and the BoK are determined to overturn the weak sentiment.

 

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Fri, 25 Jul 2014 05:42:11 GMT

Pound hits one-month low after retail sales

As a result of a disappointing 0.1% rise in retail sales in the UK, the Cable dropped to the lowest value in one month, corresponding to a decrease of 0.18% to 1.7014. This also caused the Euro to rise against the Pound by 0.28%, recovering from a 22-month low from 0.7873 to 0.7922, also supported by manufacturing PMI growth.

Fri, 25 Jul 2014 05:20:17 GMT

IMF predicts lower growth in the US

According to the International Monetary Fund, the US economy is expected to grow 1.7% this year, representing a cut from last month's forecast of 2% growth. The decline in growth predictions ought to add to the subsequent drooping in the labour market for the following years. The IMF also advised the US to better wage distribution.

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