Oil's rise, dollar's fall, cloud outlook for Asia
Article Abstract:
The value of the dollar has declined against Asian currencies, causing economists to trim their economic growth forecasts for the region. High costs of oil and reduced global demand for electronics are also posing significant threats for Asian economies. As a result, central banks in the area are reconsidering their plans to raise interest rates.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
Inflation makes EU rate cut less likely
Article Abstract:
Rising inflation in European economies may cause the European Central Bank to defer interest rate cuts until September rather June as previously expected. Article discusses the moderate economic slowdown in Europe, and the Central Bank's efforts to reactivate credit markets.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: OECD cuts 2005 growth estimates. ECB signals rates won't budge. Cost of oil could slow growth
- Abstracts: Tyco trial jurors say defendants weren't credible. LVMH's Fendi sues Wal-Mart, claiming bags are counterfeit. Two ex-U.S. Foodservice executives plead not guilty to fraud charges
- Abstracts: Bond yields plunge amid falling rates world-wide. Lagging economy won't deter EU from rate boost
- Abstracts: Indian Ocean gets commission. Days cut would build buffer stocks. New Zealand backs moratorium
- Abstracts: Asian economies escape worst of tsunami. Jakarta pays cost for fuel subsidies. Slowing growth stirs doubts over global recovery: record trade gap hits U.S. as export markets falter; China takes on crucial role