The Philippines has maintained its position as one of the fastest growing economies where business confidence in the first three quarters of 2012 has been above the 40 percent level.
The International Labor Organization (ILO) has warned that fiscal austerity and labor market reforms had a ‘devastating consequences’ for employment worldwide.
Australia is changing its immigration policy to attract more skilled workers from the U.S. to fill posts in its booming mining and gas industries.
China has previously been one of the fastest-growing economies in recent years.
Eurozone leaders have warned of a difficult year ahead, as many economists predict recession in 2012.
Manufacturing industries are the prime movers in Japan’s economic growth.
The euro fell below US$ 1.30 dollars for the first time since 12 January. Against the British pound, one euro bought 83.85 pence, while the pound was worth 1.19 euros.
General Martin Dempsey, Chairman of the US Joint Chiefs of Staff, raises his concern while he spoke at the Atlantic Council in Washington, for a potential civil unrest as European financial woes unfold.
China’s exports due to economic difficulties, faces ‘severe challenges’ to its key Western markets as data show a sharp slowdown in export growth in November, the country’s commerce ministry has warned.
Japan’s gross domestic product grew by 1.5 percent in the three months to the end of September, as the economy rebounded in the third quarter.