10 Second Headlines of the week 23-Dec-2009

10 Second Headlines of the Week 23-Dec-2009

World News

  • China: As for the past many years, China is aiming for economic growth of 8% in 2010, however one Chinese investment firm is anticipating 12% growth
  • China: China is warning that they cannot be “blindly optimistic” that export growth will grow in 2010 as their external trade situation is becoming increasingly complex.
  • Greece: National Debt continues to be downgraded.

  • The question for 2010 is how will this affect the Euro?

US Economy

  • New Homes sales dropped 11.3% in November, the largest decline since January 2008, however prices were up 3.8%.
  • The record number of foreclosures has driven sales of previously owned homes to their highest level in nearly 3 years.

  • US Retail Sales rose at the slowest pace in 15 weeks for the week ended December 19th, thanks to record snow falls.

Canadian Economy

  • GDP rose 0.2% in October, slightly weaker than expected.
  • The Bank of Canada is forecasting GDP growth of 3.3% in Q4 2009 and 3% in 2010.
  • Prime Minister Harper says the government will curb spending rather than increase taxes

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