Swedish unemployment falls

Note: This section contains information in English only.
Source: RTTNews
© Scanpix/Reuters
On Wednesday, Statistics Sweden revealed that unemployment rate declined unexpectedly in May. The figure for May declined down to 8.2%, compared to a reading for the preceding month that was equal to 8.7%. Economists, however, expected that jobless rate in Sweden will increase to 8.8% last month.
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Wed, 19 Jun 2013 12:52:07 GMT

Australia leading index show above-trend growth

Westpac and Melbourne Institute reported on Wednesday that a leading index of the country's economic performance signalled above-trend growth of the economy. The annualized development of the index reached 5.4% in April, which was significantly higher than the long-term trend that is equal to 3%.

Wed, 19 Jun 2013 12:26:12 GMT

Bank of England split on QE

On Wednesday, members of the English central bank overturned Mervyn King's call for further stimulus during his last meeting as a governor. 3 members voted for additional increase of 25 billion pounds in quantitative easing, while 6 voted against the decision. Meantime, Monetary Policy Committee decided to keep record low interest rates at 0.50%.

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