News Headline Summary
Australia's economy is exp. to grow at a weaker pace over the next 2 years as the governments belt tightening measures effect demand and a strong currency weighs on exports, but a slew of projects in the mining sector will provide support, citing the OECD
OECD semi-annual report said:
- Australia's GDP is seen at 3.0% in 2013 and 3.2% in 2014, down from an expected 3.7% for 2012.
- Headline inflation seen at 2.8% in 2013 and 2.3% in 2014, vs. 1.8% estimate for 2012.
- Warned that a sharp slowdown in China was a risk for the economy.
- New Zealand GDP forecast trimmed for 2013 to 2.4% compared with an earlier projection of 2.8%, but sees an acceleration to 2.9% in 2014.
22:20, 27 Nov 2012 -
06:02, 28 Nov 2012
Nikkei 225 preliminary close, down 1.22% at 9,308.35
05:42, 28 Nov 2012
ASX 200 closed down 0.25% at 4,445.50
04:38, 28 Nov 2012
Chinese commerce minister Chen Deming says China has no problem in achieving 2012 GDP target
03:38, 28 Nov 2012
People's Bank of China is to be more tolerant toward CNY appreciation, according to Xinhua
03:35, 28 Nov 2012
Beijing home prices lack conditions for obvious rebound, according to Xinhua citing unidentified Beijing housing official on prices
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