UK consumer confidence declines

Note: This section contains information in English only.
Source: Bloomberg
In October consumer confidence in UK dropped reaching a 7-years low on citizens' concerns regarding surge in employment and deepening Euro debt crisis. The sentiment index fell 9 points reaching 36, the least since 2004. Consumer expectation measure lost 14 points to 48, a new record low. According to BOE Governor, Mervyn King, the downward pressure on sentiment index arises from weakened outlook for UK economy.

 

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Thu, 17 Nov 2011 13:30:50 GMT

China continues its tightening policy

The People's Bank of China announced continuation of its prudent monetary policy aimed at slowing down exorbitant GDP growth and decreasing inflation rate. GDP in Q3 grew only by 9.1% as compared to more than 10% in previous years. CPI also went up only by 5.5% being the lowest since May. At the same the bank is ready to fine tune its monetary policy

Thu, 17 Nov 2011 12:15:29 GMT

Arab League says Syria has 3 days to stop the violence

Arab League announced it gives Syria's government 3 days to stop violence against protestors and accept international observers. If Syria resists, Arab League is going to implement economic sanctions. Arab League's proposal comes amid increasing global pressure on Syria's President Bashar al Assad to resign. Syria already has been excluded from Arab League's meetings until it removes tanks from towns and discharge arrested demonstrators.

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