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Industrial Producer Prices Down by 0.2% in Both Euro Area and EU27: September 2008

added: 04-11-2008

In September 2008 compared with August 2008, the industrial producer price index fell by 0.2% in both the euro area (EA15) and the EU27. In August, prices decreased by 0.5% and 0.8% respectively.

Financial Crisis Looms on Minds of Voters: Affordability of Health Care Major Concern

added: 04-11-2008

Eight out of 10 Americans fear that the current financial crisis will affect their ability to pay their medical bills, according to the results of a poll of more than 4,000 U.S. adults released by the Deloitte Center for Health Solutions.

Australian Economy: Rate Cut Coming, Again

added: 04-11-2008

A very mixed picture for the economy from a slew of figures released yesterday means a half a per cent rate cut is now firmly on the cards.

Online Advertised Vacancies Were Essentially Unchanged in October 2008

added: 04-11-2008

Online advertised vacancies were essentially unchanged at 4,439,000 in October, following a large loss in September, according to The Conference Board's Help-Wanted Online Data Series (HWOL)™. Large losses continued in major financial sector States (New York, New Jersey, California and Illinois) while other States were little changed. New ads in October (those listed for the first time) dropped by 34,000, continuing their downward trend.

Fitch: U.S. Credit Card Losses Could Surpass Historical Peaks in 2009

added: 04-11-2008

Rising job losses, volatile energy prices, and the absence of refinancing options like low-rate balance transfers and home equity loans means a higher proportion of delinquent accounts are translating into U.S. credit card portfolio losses, according to Fitch Ratings in a new report.

EU GDP Growth Comes Close To A Stand-Still In The EU And Euro Area

added: 03-11-2008

European Union economic growth should be 1.4% in 2008, half what it was in 2007, and drop even more sharply in 2009 to 0.2% before recovering gradually to 1.1% in 2010 (1.2%, 0.1% and 0.9%, respectively, for the euro area). The Commission's autumn forecasts show that the EU economies are strongly affected by the financial crisis, which is aggravating housing-market correction in several economies at a time when external demand is fading rapidly.

US Metropolitan Area Employment and Unemployment in September 2008

added: 03-11-2008

Unemployment rates were higher in September than a year earlier in 349 of the 369 metropolitan areas, lower in 14 areas, and unchanged in 6 areas, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

World Bank Group 2008 Global Poll: Overcoming Poverty Remains Biggest Challenge to Developing Countries

added: 03-11-2008

Improving economic conditions for the world’s poorest people remains both a top priority and the largest development challenge, according to a global poll of 2,500 opinion leaders commissioned by the World Bank Group (WBG). The poll, the only one of its size and breadth among multilateral organizations, is a tool for the World Bank Group to assess and improve its work on the ground.

OECD Countries Agree on New Approach to Cut Fraud and Corruption in Public Procurement

added: 03-11-2008

OECD countries and industry must do more to crack down on fraud and waste in government contracts, such as building new schools and roads, that cost taxpayers billions of dollars every year, says OECD.

More Moves In Asia's Major Economies To Prepare Them For The Impact Of A Slowdown In 2009

added: 03-11-2008

Japan revealed a rate cut and its second stimulatory package on Friday; China's Government made it clear it will be revealing more stimulation for its slowing economy with comments reported by State-run media from President Hu Jintao at the weekend, and India's central bank cut its key interest rate for the second time in two weeks.

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