Conference vote on austerity measures in Italy

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Source: Marketwatch
The government of Italy called a conference vote to approve EUR20 billion austerity package that is expected to support country's economy during the recession. The first vote is planned to start at 9:00 GMT on Friday at the lower house. The package has to be passed by Senate before Christmas.
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Thu, 15 Dec 2011 14:58:38 GMT

China: need for gradual monetary loosening policy

China's analysts urge government officials to implement a gradual monetary easing policy to escape faster than projected slowdown of the economy in 2012. The calls appeared after the government released statement saying that the prudent monetary policy would mostly stay unchanged next year. The country has to ease its monetary policy to decelerate the fell in economic growth, said Qu Hongbin, chief economist at

Thu, 15 Dec 2011 15:01:54 GMT

German PMI experienced moderate gains

German PMI increased slightly in December. The Markit Flash Germany Manufacturing PMI edged up to 48.1 in December as compared to 47.9 in previous month. The Markit's Germany Composite Output Index, gauge of private sector activity also advanced to 51.3 from 49.4 in November. The increase is inspiring but it cannot rescue the economy severally impacted in Q4, said Tim Moore, senior economist at Markit.

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