European inflation falls and jobless rate rises

Reuters, Associated Press | Nov. 28, 2008 (News Report)

BRUSSELS - Euro-zone inflation declined in November and unemployment jumped more than expected, reports showed Friday, lifting chances that the European Central Bank would increase the size of an expected interest rate cut next week to aid a shrinking economy.

With recession pressing on growth, the Italian government became the latest European country to offer an economic stimulus package, totaling €80 billion, or $103 billion. That came one day ... Full Story »

Posted by Fabrice Florin

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Subjects: World, U.S., Business
Topics: Global Economy, Poverty, European Union, Labor
Member Tags: jobless
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Posted by: Posted by Fabrice Florin - Nov 28, 2008 - 11:02 AM PST
Reviewed by: Fabrice Florin (review), Derek Hawkins (review), Tom Carter (review)
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Related Comments: Global Economy (2)

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Derek Hawkins
3.2
 by Derek Hawkins - Nov. 28, 2008

Factual, but totally dry article on negative growth driving down inflation and increasing joblessness. Doesn't pan out beyond Europe, or even elaborate on what effects these trends will have in next quarters.

See Full Review » (11 answers)
Fabrice Florin
3.1
 by Fabrice Florin - Nov. 28, 2008

Factual update on the latest economic indicators about European economy, which shows euro-zone inflation declining to 2.1 percent, and unemployment rising to 7.7 percent. This short article is interesting, but doesn't provide much context on how these recent numbers may affect people's lives in Europe and the rest of the world.

Fabrice posted this story.
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Tom Carter
NO RATING
by Tom Carter - Nov. 29, 2008
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