World's economic slowdown clashes Japan as jobless rate climbs

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Source: Bloomberg

Japan's unemployment rate soared more than was predicted by economists. In October jobless rate surged to 4.5% compared to 4.1% in September. The actual rate exceeded the forecast by 0.3 percentage points and reached 3-month high. Rising unemployment level pushes central bank to intervene an increase stimulus package as Europe's crisis spreads.

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Tue, 29 Nov 2011 08:39:15 GMT

India's growth rate is likely to drop

India's growth rate is expected to have declined in the period between July and September; the rate is projected to fall below 7%, being two-years low. The decrease indicates the necessity to cease the central bank's policy aimed at lowering inflation rate. However, despite changing interest rates for 13 times since March last year, the inflation rate is still above 9%.

Tue, 29 Nov 2011 09:01:17 GMT

Asian shares extend recovery

Asia's stocks closed higher on Tuesday expressing investors' optimism about European leaders' ability to provide solution for debt turmoil. Shanghai Composite rose 0.6%, while Hong Kong's Hang Seng Index gained 0.5%. South Korea's Kospi added 1.7%, Australia's S&P/ASX 200 index experienced modest increase of 0.2% and Japan's Nikkei Stock Average surged 1%.

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