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OECD: Economic Survey of Canada 2008

added: 13-06-2008

Canada’s economic performance has been among the best in the OECD as a sound policy framework has enabled the country to take advantage of strong global growth and soaring terms of trade.

Industrial Production up by 0.9% in Euro Area in April 2008

added: 12-06-2008

In April 2008 compared with March 2008, seasonally adjusted industrial production grew by 0.9% in the euro area (EA15) and by 0.3% in the EU27. In March production fell by 0.5% and 0.4% respectively. In April 2008 compared with April 2007, industrial production rose by 3.9% in the euro area and by 3.7% in the EU27.

June 2008 ECB Financial Stability Review

added: 12-06-2008

The European Central Bank (ECB) publishes its June 2008 Financial Stability Review (FSR). The FSR assesses the stability of the euro area financial system both with regard to the role the system plays in facilitating economic processes and to its ability to prevent adverse shocks from having inordinately disruptive impacts on the functioning of markets and the performance of the economy more generally.

OECD: Economic Survey of Poland 2008

added: 12-06-2008

Poland has been catching up to the rest of the OECD more quickly in the past two years, thanks to strong growth performance. Substantial job creation has followed years of stagnation. Nonetheless, the economic boom has failed to draw inactive people into the labour market, and unemployment has plunged to below sustainable levels. The short term outlook is clouded mainly by strong excess demand pressures and rising inflation, despite weakening activity abroad. In the medium term, the sustainability of the expansion is also threatened by adverse demographics and persistently low labour force participation.

Fitch: U.S. Property/Casualty Industry Shifts To Modest Underwriting Loss In 2008

added: 12-06-2008

The US property/casualty insurance industry’s favorable operating performance in 2007 unfortunately signified the tail-end of the hard market that endured over the last five years. Results for 2007 were marked by a strong underwriting profit and significant growth in investment-related earnings that produced a fourth consecutive year of double-digit returns on policyholders’ surplus.

Commission Calls For Swift Adoption Of Energy And Climate Policies As Best Coordinated Response To Rising Oil Prices

added: 12-06-2008

The European Commission has debated the policy responses needed to mitigate the effects of rising global fuel prices.

Gulf States Need to Grow Beyond Oil for Future Prosperity

added: 12-06-2008

Sluggish productivity and an over-reliance on oil and gas pose a threat to the future economic expansion of the Gulf, according to a major new report on the region published by The Conference Board, the international business membership and research organization, with the support of the Gulf Investment Corporation.

Japanese Economy Grew at 4% in the March Quarter

added: 12-06-2008

Japanese economy grew at 4% in the March quarter. That's faster than previously reported, but analysts in Tokyo continue to point out that unreliable Japanese economic statistics make it hard to know what the real situation is. But they do know that oil and fuel costs are rising, as are food costs and inflation generally, while the slowdown in the US and European economies has cut growth in exports in the past six months.

US: Employer Costs For Employee Compensation in March 2008

added: 12-06-2008

Employer costs for employee compensation averaged $28.46 per hour worked in March 2008, the U.S. Department of Labor's Bureau of Labor Statistics reported. Wages and salaries, which averaged $19.83, accounted for 69.7 percent of these costs, while benefits, which averaged $8.63, accounted for the remaining 30.3 percent.

The Leading Index for Spain Declined 0.1 Percent

added: 12-06-2008

The Conference Board announced that the leading index for Spain declined 0.1 percent and the coincident index increased 0.3 percent in April.

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