Financial News

Chile's growth outlook for 2015 not so optimistic

Chile's Q2 2015 GDP was expanded 1.9% from Q2 2014 GDP, but came in lower than the Q1 2015 GDp of 2.5%. This was slightly above what market participants expected. There was significant rise in public spending and the labor market was strong, but somehow they could not lift consumption growth.

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U.K. Q4 unemployment rate likely at 5.5%

The BoE's MPC meeting and inflation report are due today. The inflation rate remained around zero in Q3, slight less than MPC's projection of 0.11% year on year. In the October minutes, the MPC said that "the near term outlook for CPI inflation appeared slightly weaker than at the time of the August Inflation Report .

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Czech's consumer spending likely solid

Czech Republic's consumer spending is moving in a positive momentum, by increasing to 498.10 bn CZK in Q2 2015, increasing slightly from that of Q1 2015. The country's consumer confidence also improved in October to 104.80 from 103.30 in September.

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Demand conditions remain a major concern for Indonesia

Bank of Indonesia's retail sales survey is at its lowest level, which signals persistent weakness. Exports saw a 13 straight month contraction. The household demand also dropped below 5% in Q2 2015.

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Australia's growth likely on track over coming years

Australia current GDP is at 0.2%, it is expected to rise in Q4 2015 and over coming years, the growth is likely to move on a positive note. Both government and household spending helped pushing the growth up, while China's effect dragged the exports down.

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