Positive effects on global economic growth next year
BAGHDAD follow-up to the joy of pumice
Observers Economists expect the US Fed to raise interest rates during its last meeting this year in December, after the announcement of US economic data on jobs report during the month of October to come much better than expected. The center of this image of the European Commission also forecast 2016 economic growth of the European Union next year by 1.9 percent, while the ratio is even now 2.1 percent, as expected for the euro zone next year to grow by 1.8 percent, in contrast to economists specialists who have pointed out the negative effects of illegal immigration from Asia and Africa to Europe in the European economic growth.
The US economy is set 271 thousand jobs, compared with expectations for a to assign 181 thousand jobs were previous reading referring to the appointment of 142 thousand jobs have been modified to become a $ 137 Olv.oma unemployment rates during the month October saw an increase of 5 percent compared with the previous reading was referring to a rise of 5.1 percent was forecast shows an increase of 5 percent.
On the other hand, issued by the Canadian economy data on the labor market during the month of October, where the Canadian economy showed assign functions new value of 44.4 thousand jobs, compared with expectations for a 9.5 thousand jobs while the previous reading referring to the appointment of 12.1 thousand jobs.
While unemployment rates fell in Canada during the month of October to become the 7 percent less than expected and previous reading was referring to the rising by 7.1 percent.
As regards the European Union, the European Commission issued a forecast on economic growth, saying that «the growth rate in the Czech Republic, rose from 2 percent last year, to 4.3 percent this world.
As the Commission pointed out that GDP growth the Czechs, will fall next year to 2.2 percent, but will resume growth again in 2017, in line with expectations by 2.7 percent, noting that GDP will rise this year for the same that grew last year by 1.9 percent.
But in Austria amounted to sovereign debt to nearly 289 billion euros, or 39 thousand euros per citizen, an annual burden of about 8 billion euros benefits, where public debt accounts for about 85 percent of annual economic output. According to official Austrian Agency (ab a) said Monetary Affairs Commissioner of the European Union Valdis Dombrovskis: «It is important to make the public budget healthy and sustainable by reducing the high public debt.»
Dombrovskis said that the expected growth this year in Austria 0.6 percent after the recovery is relatively slow of the economy in recent years, expressing its forecast growth of 1.5 percent and a slight drop to 1.4 percent in 2017.
The agency forecast for next to fall, to a deficit in the Austrian budget by 1.6 percent compared to the current year with a deficit of 1.9 percent, while the deficit in Luxembourg 0.5 percent , Estonia 0.2 percent, Cyprus 0.1 percent, France 3.4 percent, and Croatia 4.7 percent and all of Greece and Spain 3.6 percent.
expectations, according to the six countries will increase their debt for a hundred percent, Greece and Italy increased by 132.2 percent each, and Portugal 124.7 percent, Belgium 107.1 percent, Spain 101.3 percent, while will be recorded Cyprus 106.7 percent.
It is expected that the debt limit is reduced in accordance with the Treaty «Maastricht» to 98.7 percent in the next 2016, according to UNHCR, 11 countries will remain under «Maastricht» extent estimated 60 percent of the debt next year.
For his part, Commissioner for Economic Affairs Pierre Moscovici also explained that there would be no «first impressions» on the implications of migration from Asia and Africa to Europe, expecting a negative impact on economic growth.
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