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China Playing Important Role in Steadying World Economy, Zoellick Says

added: 04-09-2009

China is taking decisive action to help stabilize the world economy and is persisting with efforts to re-balance its economy towards greater domestic demand, said World Bank Group President Robert B. Zoellick.

Fitch: Reinsurers May Struggle to Rebuild Capital in Event of Catastrophes, Global Outlook Remains Negative

added: 04-09-2009

Global reinsurers may struggle to replenish capital if they suffer large catastrophe losses in the current financial market and economic environment, according to Fitch Ratings’ “2009-2010 Global Reinsurance Review and Outlook” report. Fitch’s rating outlook for the global reinsurance sector remains Negative.

Industrial Producer Prices Down by 0.8% in Euro Area in July 2009

added: 03-09-2009

In July 2009 compared with June 2009, the industrial producer price index fell by 0.8% in the euro area (EA16) and by 1.0% in the EU27. In June, prices increased by 0.4% in both zones.

Euro Area GDP Down by 0.1% and EU27 GDP Down by 0.2% in the Second Quarter of 2009

added: 03-09-2009

GDP fell by 0.1% in the euro area (EA16) and by 0.2% in the EU27 during the second quarter of 2009, compared with the previous quarter, according to first estimates released by Eurostat, the Statistical Office of the European Communities. In the first quarter of 2009, growth rates were -2.5% in the euro area and -2.4% in the EU27.

Spend Early on Children, says OECD

added: 03-09-2009

Governments should invest more money on children in the first six years of their lives to reduce social inequality and help all children, especially the most vulnerable, have happier lives, according to the OECD’s first-ever report on child well-being in its 30 member countries.

Economic Troubles Encourage Coupon Savings Habit

added: 03-09-2009

Since the financial crisis deepened a year ago, coupon use has been on the rise. Marketers made substantially more coupons available to encourage consumer purchases, and shoppers responded by increasing their coupon use by approximately 20 percent during the first half of 2009.

Fees and Rates Drive Decline in Overall Credit Card Customer Satisfaction

added: 02-09-2009

Driven by a significant decrease in satisfaction with fees and rates, overall credit card customer satisfaction declines to a three-year low, according to the J.D. Power and Associates 2009 Credit Card Satisfaction Study(SM).

U.S. Metropolitan Area Employment and Unemployment in July 2009

added: 02-09-2009

Unemployment rates were higher in July than a year earlier in all 372 metropolitan areas, the Bureau of Labor Statistics of the U.S. Department of Labor reported. Nineteen areas recorded jobless rates of at least 15.0 percent, while 11 areas registered rates below 5.0 percent. The national unemployment rate in July was 9.7 percent, not seasonally adjusted, up from 6.0 percent a year earlier. Among the 369 metropolitan areas for which nonfarm payroll data were available, 353 areas reported over-the-year decreases in nonfarm payroll employment, 14 reported increases, and 2 had no change.

Employees Satisfied With Retirement Plans Despite Economy, Watson Wyatt Survey Finds

added: 02-09-2009

Despite recent events in the economy, a majority of workers are satisfied with their current employer-sponsored retirement benefits. In particular, many place a high value on plans that offer security and flexibility, according to a survey by Watson Wyatt, a leading global consulting firm.

Slight Optimism on Overall Economic Outlook Seen

added: 02-09-2009

There is a slight sense of optimism this month regarding the economy, but that optimism has yet to extend to the current employment situation. Currently, just under half of Americans (46%) believe the economy will improve in the coming year while one-third (32%) say it will stay the same and 22% believe it will get worse. In May, just under two in five (38%) believed the economy would improve in the coming year while over one-quarter (27%) said they thought it would get worse.

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