HSBC lowered growth outlook for Latin American countries

Note: This section contains information in English only.
Source: Marketwatch
HSBC reduced its growth forecast for Latin American countries, citing falling commodity prices and weak performance of Brazil. The bank cut its GDP expansion outlook for 2012 for Latin American block from 3.8% to 3.2%. Meanwhile Brazilian growth outlook for this year was lowered from 3.2% to 2.5% whereas Mexican GDP was maintained at 3.4% this year, HSBC added.


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Fri, 29 Jun 2012 08:20:24 GMT

Japanese industrial output shank more than expected in May

Japan's industrial output declined more than expected in May, according to preliminary data. The industrial production of the country dropped by 3.1% on a seasonally adjusted basis in May compared to a 0.2% fall in April. Experts predicted industrial output to slide by 2.8% in May. Despite dismal data release, the Japanese Yen advanced against its US peer by 0.14%,

Fri, 29 Jun 2012 11:39:25 GMT

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