| Australia’s jobless rate eases | | Australia’s unemployment rate eased to 5.5 percent in May, an unexpected fall that could see the central bank hold off on cutting interest rates next month. | | India’s growth projected to rise | | Growth in India is projected to rise to 5.7 percent in the 2013 fiscal year and firm to 6.5 percent and 6.7 percent in FY2014 and FY2015, respectively, according to a newly released World Bank report. | | UK unemployment falls slightly | | Official government figures show that UK job market recovered slightly, with unemployment falling by 5,000 between February and April. | | India April industrial output rises 2% | | India’s industrial output growth skidded to a lower-than-expected two percent in April, data showed Wednesday, suggesting that recovery in Asia’s third-largest economy remains sluggish. | | Industry boosts weak French economy | | The French economy is set to eke out growth of 0.1 percent in the second quarter of this year, the Bank of France said on Monday, after entering recession in the first quarter. | | Brazil hit with negative outlook by S&P | | Standard and Poor’s revised its outlook for emerging powerhouse Brazil to negative on Friday due to slowing economic growth and overburdened government finances. | | Spanish factories cut output for 20th month | | Spanish factories cut production for the 20th straight month in April, official data showed Friday, sharply braking output of durable goods such as cars or washing machines in the midst of a recession. | |
