World Bank cuts China, Indonesia growth estimate; warns of asset bubbles
SINGAPORE - The World Bank on Monday scaled back slightly its 2013 growth forecasts for developing East Asia and warned about possible over-heating in the region's larger economies that could stoke inflation and asset bubbles.
Found 1 month ago on channel Reuters
Rare Good News for Eurozone Economy
LONDON — Mention it quietly, but there were rare hopeful signs for Europe’s struggling economy on Friday. Three pieces of economic news for the 17 European Union countries that use the euro were all slightly better than hoped — in sharp contrast to some of the grim days the eurozone has witnessed over the last three years of its crisis over too much debt. Unemployment was lower than feared in December, though still high at 11.7 percent; a survey raised hopes of some growth in the manufacturing sector; and inflation unexpectedly fell, easing the headwinds on hard-pressed consumers and raising speculation of more help from the European Central Bank. No one is in any doubt though that the eurozone’s economy, which is currently stuck in recession, has a long way to go before it can even get out of intensive care let alone on the road to full recovery. Debt levels remain high, governments continue to cut services and raise taxes and communities across the region are suffering as the region ...