Indonesia: Indonesia GDP Grows Less Than 6%
Economic growth in Indonesia has fallen to the slowest pace in four years. In Q3, GDP grew 5.6% over the same quarter last year, which was below the 5.8% increase observed in the Q2. The Indonesian economy is struggling to cope with a widening current account gap, depreciating currency and political uncertainty ahead of the 2014 presidential election.
United Kingdom: Service sector grows to 16-year high
Reuter’s article reports that the services sector in Britain expanded at its fastest rate since May 1997 last month, and will probably contribute to expand economic growth during the last quarter of 2013.
Eurozone: Manufacturing orders up for the fourth consecutive month
As BBC News reported, and according to a survey, demand for manufactured goods in the 17-country Eurozone increased last month, but at a slower pace than in September, while factories made little change to prices. The unexpected increase in demand caught some companies by surprise, lowering inventories and difficulting firms to adjust their production to the increasing demand.
Greece: Greek Labor Unions to Strike Today After Troika Talks Resume
Bloomberg reports that Greek labor unions are expected to hold a 24 hours strike today right following government’s talks with the troika yesterday. The unions will protest against further austerity measures.
China: Reform Roadmap Before Key Meeting
Caijing publishes an interesting article, in which lists the main discussions that will dominate the agenda of the Communist Party’s much awaited plenum that begins on 9 November.