Italy's consumer confidence decreases

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Source: BBC

Consumer confidence in Italy decreased this month on the worries about possible recession in the country next year. The indicator declined to 91.6 this month from 96.1 last month, reported Isat. Italian government expects the economic growth to decrease by 0.4% next year.

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Fri, 23 Dec 2011 12:31:45 GMT

Taiwan to expand by 4.3% next year

Taiwan's economy is likely to grow by 4.3% next year, according to Shih Yen-Shiang, country's economic minister. The country also predicts NT$1.1 trillion of private investment and expects growth in exports between 8% and 10% next year, he added.

Fri, 23 Dec 2011 12:29:33 GMT

Refined copper imports in China surges 16.5% last month

China took advantage of low copper prices and increased its imports of the metal to the highest level in the last two years. The amount of imports added 16.5% to 343,926 tonnes as compared to 295,341 tonnes a month before. However, the overall demand for copper was weaker as the manufacturing output of the country contracted.

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