Barclays cut its forecast for China's GDP growth

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Source: Chinadaily
Barclays revised its forecast for China's GDP growth downward from the original of 7.9% to 7.5% amid weak data in August, the bank reported on Monday. In addition, the bank cut GDP growth forecast for 2013 from 8.4% to 7.6%. Economists of Barclays stressed that current slowdown is a combination of cyclical and structural changes. 
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Tue, 18 Sep 2012 09:13:04 GMT

Eurozone's trade surplus expanded in July

The Eurozone's trade surplus expanded in July due to decreased imports, whereas wages rose in the Q2, adding to signs the Euro bloc's economy is unlikely to contract dramatically this quarter. According to Eurostat, exports exceeded imports by as much as EUR 15.6 billion, up from EUR 13.6 billion surplus in June. 

Tue, 18 Sep 2012 08:29:04 GMT

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