Swiss economy shrinks in Q2

Note: This section contains information in English only.
Source: RTTNews
The Swiss economy contracted unexpectedly in Q2, influenced by declining domestic demand and weak external trade, the State Secretariat for Economic Affairs said on Tuesday. Real GDP slipped 0.1%, after a 0.5% increase in Q1. Economists expected an expansion of 0.2%. On yearly basis, GDP expanded only 0.5%, compared to preceding growth of 1.2% and estimates of 1.6%.
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Tue, 04 Sep 2012 14:44:26 GMT

Spanish unemployment increased for the first time since April

On Tuesday, the Spanish Employment Ministry reported that the level of registered unemployment increased by 38,179 in August from the July's figure of 4.63 million. However, this is less than a 51,185 increase in August in the previous year. Spanish joblessness increased for the first time since April when it grew by almost 39 thousand.

Tue, 04 Sep 2012 16:00:28 GMT

German stocks slid on EU oulook downgrade

German equities slumped on Tuesday on escalated risk-aversion in the markets as Moody's cut its EU credit outlook to 'negative' and  may downgrade AAA region's rating as debt crisis continued to rage. However, hopes for easing still provide slight support for European shares. The German DAX Index slid 0.51% to trade at 6,982.63. Only two in nine sectors included in

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