Economic Overview
From this weeks Economist:
The British economy expanded by 1.1% during the three months to the end of June, after growing a sluggish 0.3% in the previous quarter.
Brasil's unemployment rate fell to 7% in June, its lowest in six months.
In South Korea, GDP growth slowed to 7.2% in the year to the second quarter, from 8.1% in the year to the first quarter.
Mexico's unemployment rate fell to 5.1% in June from 5.4% in May.
India's central bank increased interest rates for the second time in a month. The bank raised the rate at which it lends to banks by a quarter of a percentage point to 5.75%. It raised the rate it uses to absorb excess cash by half a point to 4.5%.
Finally, world GDP growth from a year earlier is back above 4% and close to pre-recession and financial crisis levels.
GB
The British economy expanded by 1.1% during the three months to the end of June, after growing a sluggish 0.3% in the previous quarter.
Brasil's unemployment rate fell to 7% in June, its lowest in six months.
In South Korea, GDP growth slowed to 7.2% in the year to the second quarter, from 8.1% in the year to the first quarter.
Mexico's unemployment rate fell to 5.1% in June from 5.4% in May.
India's central bank increased interest rates for the second time in a month. The bank raised the rate at which it lends to banks by a quarter of a percentage point to 5.75%. It raised the rate it uses to absorb excess cash by half a point to 4.5%.
Finally, world GDP growth from a year earlier is back above 4% and close to pre-recession and financial crisis levels.
GB
posted by Gordon Bell at
10:16 PM
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