German deficit is likely to decline by 1%

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Source: mninews
© Scanpix/AFP

The German government decreased its forecast for public deficit to 1% of GDP from 1.5%, reported Handelsblatt. However, the debt level is still high, even though it is expected to decrease to 74.5% of GDP by 2015 while the target is 71%. Total deficit figure for the year is projected to be 1% falling from 4.3% in 2010. For 2012 the central bank predicts almost no change in deficit ratio.

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Fri, 25 Nov 2011 13:59:49 GMT

Jobless rate remains unchanged in Japan

Japan's seasonally adjusted unemployment rate is projected to remain at 4.1% in October, the same as a month earlier. Meanwhile, the proportion of job offers to seekers improved to 0.68 in October as compared to September 0.67, according to survey of Market News International. However, the experts claim the decrease in jobless rate does not necessarily imply better economic situation in the country.

Fri, 25 Nov 2011 14:00:29 GMT

European stocks fluctuate amid worries on bailout fund

European equities erased gains and swung back into downward trend as Financial Times reported that European Financial Stability Facility may not manage to raise sufficient amount of funds to boost its firepower over 1 trillion euros. Stoxx Europe 600 Index lost 0.3% reaching 219.43 in morning trade. According to FT even lower funding level might be problematic to reach. 

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