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Foreclosure Activity Increases 7 Percent in May 2008

added: 13-06-2008

RealtyTrac(R) released its May 2008 U.S. Foreclosure Market Report(TM), which shows foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 261,255 properties during the month, a 7 percent increase from the previous month and a 48 percent increase from May 2007. The report also shows one in every 483 U.S. households received a foreclosure filing during the month, the highest monthly foreclosure rate since RealtyTrac began issuing the report in January 2005.

Deepening Integration with EU and across Western Balkans will Boost Economic Growth and Facilitate EU Accession

added: 13-06-2008

The World Bank called for governments in the Western Balkans region to deepen integration with the European Union (EU) and among themselves, further develop human capital, reduce telecommunication costs, and tackle issues related to energy shortages in order to sustain economic growth.

US Import and Export Price Indexes in May 2008

added: 13-06-2008

The U.S. Import Price Index rose 2.3 percent in May, the Bureau of Labor Statistics of the U.S. Department of Labor reported, following advances of 2.4 percent in April and 3.0 percent in March. Rising prices for both petroleum and nonpetroleum imports factored into the increases. The price index for overall exports advanced 0.3 percent in May after rising 0.5 percent the previous month.

OECD: Economic Survey of Canada 2008

added: 13-06-2008

Canada’s economic performance has been among the best in the OECD as a sound policy framework has enabled the country to take advantage of strong global growth and soaring terms of trade.

Industrial Production up by 0.9% in Euro Area in April 2008

added: 12-06-2008

In April 2008 compared with March 2008, seasonally adjusted industrial production grew by 0.9% in the euro area (EA15) and by 0.3% in the EU27. In March production fell by 0.5% and 0.4% respectively. In April 2008 compared with April 2007, industrial production rose by 3.9% in the euro area and by 3.7% in the EU27.

June 2008 ECB Financial Stability Review

added: 12-06-2008

The European Central Bank (ECB) publishes its June 2008 Financial Stability Review (FSR). The FSR assesses the stability of the euro area financial system both with regard to the role the system plays in facilitating economic processes and to its ability to prevent adverse shocks from having inordinately disruptive impacts on the functioning of markets and the performance of the economy more generally.

OECD: Economic Survey of Poland 2008

added: 12-06-2008

Poland has been catching up to the rest of the OECD more quickly in the past two years, thanks to strong growth performance. Substantial job creation has followed years of stagnation. Nonetheless, the economic boom has failed to draw inactive people into the labour market, and unemployment has plunged to below sustainable levels. The short term outlook is clouded mainly by strong excess demand pressures and rising inflation, despite weakening activity abroad. In the medium term, the sustainability of the expansion is also threatened by adverse demographics and persistently low labour force participation.

Fitch: U.S. Property/Casualty Industry Shifts To Modest Underwriting Loss In 2008

added: 12-06-2008

The US property/casualty insurance industry’s favorable operating performance in 2007 unfortunately signified the tail-end of the hard market that endured over the last five years. Results for 2007 were marked by a strong underwriting profit and significant growth in investment-related earnings that produced a fourth consecutive year of double-digit returns on policyholders’ surplus.

Commission Calls For Swift Adoption Of Energy And Climate Policies As Best Coordinated Response To Rising Oil Prices

added: 12-06-2008

The European Commission has debated the policy responses needed to mitigate the effects of rising global fuel prices.

Gulf States Need to Grow Beyond Oil for Future Prosperity

added: 12-06-2008

Sluggish productivity and an over-reliance on oil and gas pose a threat to the future economic expansion of the Gulf, according to a major new report on the region published by The Conference Board, the international business membership and research organization, with the support of the Gulf Investment Corporation.

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