China's trade surplus decreases

Note: This section contains information in English only.
Source: BBC
© Scanpix/AP

China's imports grew by 28.7% in October-much faster than 22.2 % expected by economists. Analysts claimed that increase in import does not indicate sustainability of domestic demand as manufacturers took opportunity of lower commodity prices for stock buildup. Average commodity prices decreased by 3.03% in October.

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Thu, 10 Nov 2011 16:24:42 GMT

Will resignation of Italy’s PM end debt crisis?

President of Italy announced there is no doubt that PM will resign. There will not be any delays in accepting economic reforms and election of a new government, he added.  However, analysts stressed that end of political crisis will not necessarily solve problem with debt issues. Current Italy's debt is 1.9tn euros with 7.28% cost of borrowing.

Thu, 10 Nov 2011 14:10:57 GMT

Sweden: a good example how to avoid debt crisis

According to PM Fredrik Reinfeldt, Sweden's effort to impose strict requirements on financial institutions has resulted in tax payer protection and has helped to circumvent debt crisis. He told that in 2006 Sweden and UK had similar ratio of domestic debt to GDP.  However at the moment, UK's ratio has doubled while Sweden is below 40%. Reinfeldt claims Swedish success is the result of transparency

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