Current account deficit in the UK hits the record

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Source: Forexpros

The current account of the UK in Q3 unexpectedly widened, reaching the record-high since 1955. The deficit widened to GBP15.2 billion in Q3 on a seasonally adjusted basis as compared to GBP7.4 billion in Q2, reported U.K.'s National Statistics Office. Analysts predicted the figure to narrow to GBP5.5 billion in Q3.

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Thu, 22 Dec 2011 17:57:17 GMT

Taiwan to boost credit guarantee fund

Taiwan's government announced it would inject more resources in the credit guarantee fund that supports small and medium enterprises as bleak economic outlook started to impact the export-led economy of the country. The government plans to pump NT$8 billion into the organization rising its coverage for NT$112 billion in loans. Taiwan's GDP increased by 4.51% in 2011 as compared to 4.56% initially expected.

Thu, 22 Dec 2011 17:56:12 GMT

US economy in Q3 expanded slower than reported

The US economy expanded slower than initially reported in Q3, raising fears over the speed of the US recovery. The GDP of the US in Q3 grew by 1.8 on an annual basis as compared to previous estimation of 2.0%. Expects predicted no changes in the GDP growth after the second estimation. The USD was not affected by the data release and continued to

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