Economics Europe >>>
Click here to download our Davos Special Edition
Labor costs in Cyprus fell the most in the euro area in the third quarter, Eurostat said yesterday. The island’s annual hourly rate dropped 7.6 percent in the period, compared with an average annual increase of 1 percent in the region. Costs declined in Ireland, Slovenia and Portugal. Third quarter data for Greece were unavailable. Click here [...]
Taming bulging credit, not price pressure, will probably drive China’s monetary policy in 2014. Price data for November shows inflation remains muted. The consumer price index rose 3 percent from a year earlier, down from a 3.2 percent gain in October. Click here to continue reading sample article.
The ECB will keep its policy rate at 0.25 percent today, according to all 60 economists surveyed by Bloomberg, after last month’s 25 basis-point cut. The central bank may maintain a downward bias toward monetary policy as staff forecasts are likely to revise lower their 1.3 percent inflation estimate for 2014 and reveal forecasts for 2015. Click here [...]
Click here to continue reading sample article.
Below is a link for Bloomberg’s “China’s Reform Plan,” a collection of commentaries, compiled by the editors of Bloomberg’s Economics Asia and China Briefs, that showcases the responses of leading analysts and academics to key elements of the country’s reform package. To view the supplement, click the link below. http://www.bloombergbriefs.com/files/Chinas_Reform_Plan-PRINT.pdf Inside: A Bloomberg Brief analysis [...]
Click here to view sample article. Note, subscribers have full access to this data each day.
The ECB will keep its policy rate at 0.5 percent for a sixth month today, a Bloomberg survey shows, even after inflation slowed to 0.7 percent in October. The bank on average makes a rate change at about 20 percent of its meetings. March and December have been the most popular months for changes, coinciding with the release [...]
Euro-area unemployment may have remained at 12 percent for a third month in September, a Bloomberg survey shows. The IMF calculates structural unemployment in the monetary union rose to 10.1 percent last month from 7.4 percent before the crisis. The jobless rate in August ranged between 4.9 percent in Austria and 27.9 percent in Greece. Click here to [...]
The U.S. September jobs report, delayed by the government shutdown, will be released today. Nonfarm payrolls may have risen 180,000 after having increased an average of 188,000 each month in the past year. Through August, the U.S. had recovered 6.8 million of 8.7 million jobs lost in the 18-month recession that ended in June 2009. Click here to [...]