U.S. Government Shutdown will contract growth in Q4

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
The government shutdown for three or four weeks is expected to decrease economic growth 1.4%; yet if it continues to run, the growth rate is anticipated to be 3%. The country's administration already experienced interruptions that lasted around five and 20 days in Q4 1995, which decreased GDP 0.25 percentage point as furloughed workers' output was taken away from the gross domestic product.
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Fri, 27 Sep 2013 09:11:04 GMT

Local elections in Portugal take place along with budget cuts

Local elections in Portugal will take place this Sunday, while the government is planning high budget cuts in 2014 to get approval for a new 78 billion euros bailout program. Government is going to decrease budget spending by 3.3 billion euros. Meanwhile, experts say that local election results will not be influenced by state austerity measures, as people in Portugal

Fri, 27 Sep 2013 08:13:04 GMT

Loonie reaches lowest level weekly

The Canadian Dollar fell to the lowest level weekly after positive U.S. economy data that indicated on nation's recovery and on increasing oil prices. Canada's currency was at C$1.0310 per U.S. Dollar as of 5 p.m. Toronto time after reaching C$1.0341, the lowest level since September 16; however, the currency has advanced 2% this quarter.

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