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Figures released by the US government show the economy grew at an annual rate of two percent in the third quarter. That's only tiny fraction more than most analysts1 had forecast, but much better than the 1.3 percent growth in the second quarter. Consumer spending and home sales contribute most to the third quarter growth.
The Spanish unemployment rate has hit a record high of 25 percent, as the country continues to struggle through a long recession2. Spain is under pressure to ask for more help with its debts after receiving a 100-billion-dollar bailout for its troubled banks this year. The country's jobless rate is one of the highest in Europe, second only to Greece.
Cyprus' financial troubles have been discussed at a meeting in Paris. Cypriot President Demetris Christofias met French President Francois Hollande to work out ways Cyprus can overcome its financial difficulties. Cyprus has been a member of the Eurozone since 2008. It's been particularly hard-hit by the Euro crisis3 and it's currently4 waiting for a bailout from the EU.
Now time for the markets.
And when the markets in Europe closed a couple of hours ago, London's FTSE 100 was up slightly, as were the Dax and Euro. In the US, trading comes to close shortly and the Dow Jones is up, while the S&P 500 is down.
And the Australian dollar is worth one dollar three US this morning. It'll also buy you 64 British pence and one dollar 26 New Zealand.
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1 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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2 recession | |
n.(工商业的)衷退(期),萧条(期) | |
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3 crisis | |
n.危机,危急关头,决定性时刻,关键阶段 | |
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4 currently | |
adv.通常地,普遍地,当前 | |
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