BUBA lowers 2012 GDP to 0.7% from 1.0% previously and sees 0.4% in 2013 down from 1.6%

Author: Pete Jackson | Category: News

Author: Pete Jackson

Uugh !

  • 2014 GDP growth seen at 1.9%
  • 2012 Inflation seen at 2.1% (unchanged ) and 1.5% in 2013 (from 1.6%). 2014 seen at 1.6%
  • 2012 unemployment seen at 6.8 %(up from 6.7%) and 7.2% in 2013 (up from 6.5%), sees 7% in 2014
  • Sees growth lower on uncertainties  and Eurozone crisis, but doesn’t see a protracated slowdown, with a return to growth path soon
  • Balance of risk to projections on the downside for now

EUR/USD’s not liking this at all with a slide to  1.2936 on the headlines, Bund futures  reverse earlier losses up 6 at 145.75

LON GMT+1
BJ HK+8
NY EST-4
TYO +9

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