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Economy : Page 858

Hong Kong inflation rate at 3-month low

May 25, 2016
Consumer prices in Hong Kong rose 2.7 percent year-on-year in April of 2016, easing from 3.0 percent growth in the previous month.

Algeria’s trade deficit continues to widen

May 25, 2016
Algeria’s trade deficit continues to widen. In the first four months of this year, it stood at $7.632 billion, up 35.7% from January-April 2015.

Turkey cuts interest rates, political pressures seen

May 25, 2016
The decision by Turkey's central bank to cut interest rates, while expected, was seen by some analysts as further evidence that rate-setters in Ankara were bowing to political pressures.

Number of permanently employed in Sweden increases

May 25, 2016
In April 2016, 4,873,000 persons aged 15-74 were employed, not seasonally adjusted.

BOE Carney defends Brexit stance, mortgage rates could rise

May 24, 2016
Bank of England (BOE) governor Mark Carney defended his organisation's rhetoric on Brexit in front of the Treasury Select Committee, and explained why he believes mortgage rates could rise if Britain votes to leave the European Union.

German first-quarter GDP confirmed at 0.7%

May 24, 2016
German gross domestic product grew at 0.7% in the first quarter compared with 0.3% in the final quarter of last year, Destatis said, confirming its flash estimate earlier this month.

IMF lifts Italy growth forecast, urges reforms

May 24, 2016
The International Monetary Fund (IMF) raised slightly its 2016 and 2017 growth forecasts for Italy.

OECD GDP growth stable at 0.4 percent in Q1

May 24, 2016
Growth of real gross domestic product (GDP) in the OECD area was unchanged, at 0.4%, in the first quarter of 2016.

Economy of Africa hinges on unlocking potential of cities

May 24, 2016
With two-thirds of Africans expected to live in cities by 2050, how Africa urbanises will be critical to the continent’s future growth and development.

Inflation projection for Brazil slightly increased

May 24, 2016
The annual inflation forecast from Brazilian financial institutions has changed up from 7% to 7.04%.

Markit's flash eurozone PMI hits 16-month low

May 24, 2016
Markit's flash eurozone composite purchasing managers' index slipped to a 16-month low of 52.9 in May from 53.0 in April, missing expectations for a reading of 53.2.

Fed to hike rates three or four times, regardless of elections

May 23, 2016
Fed would likely raise interest two or three times over what was left of 2016, a regional Federal Reserve boss said.
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