Switzerland's Jobless rate increased to 3.1% in December

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Source: Forexpros

Swiss jobless rate saw modest increase in December, according to the State Secretariat for Economic Affairs. The rate edged up to 3.1% seasonally adjusted last month from 3% in the preceding month. The increase is basically in compliance with forecast of 3.2% rise. The number of people seeking for job jumped by 8,025 on a monthly basis, approaching 185,706 in December.

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Mon, 09 Jan 2012 15:56:07 GMT

Thailand's growth to fall below 1.8% last year

Thai economic expansion is likely to slow down, falling below the forecast of 1.8% growth in 2011, reported the central bank of Thailand. Severe floods coupled with global economic downturn impacted the country's economy, said Songtum Pinto from the central bank of Thailand. However, the bank left the forecast of 4.8% GDP growth this year unchanged.

Mon, 09 Jan 2012 16:24:41 GMT

China to continue prudent monetary policy

China will continue its tight monetary policies but is ready to fine-tune them in case of necessity, announced the PBOC, closing the work conference. The PBOC plans to adjust the supply of credits and maintain social financing at a reasonable growth. The country will focus on stimulating agricultural sector, optimizing credit structure, developing small and medium enterprises and supporting affordable home projects.

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