The leaders of the eight most industrialized countries have different views on how to ensure recovery of the world economy. The G-8 in Huntsville, Canada the weekend will probably show the direction of meeting the broader group of G-20 meets on Sunday in Toronto, Canada, shortly after the G-8 completed work. Agency notes that expectations for a breakthrough on economic issues the Summit of the G-8 (Group of Eight most industrialized countries) and D-20 (which includes large emerging countries like China and India) in Canada are weak. According to the Wall Street Journal, however, world leaders have converged positions on whether the economic focus should be on growth or on reducing the deficits and debts. “Among the G-8 consensus on a balance between mid-term tightening of fiscal policy and promoting growth, said on Friday a senior official of the administration of the US President Barack Obama. The G-8 and donor groups have promised to make 2015 a total of 7.3 billion dollars to reduce child mortality and maternal in poor countries, transmit dpa, referring to the Canadian Prime Minister Stephen Harper. The eight most developed industrialized countries are committed to allocate $ 5 billion. The rest of the amount promised by countries like New Zealand and Norway, as well as donor groups such as the Foundation of the Bill and Melinda Gates. U.S. President Barack Obama invited 18 African leaders to come to Washington in August to celebrate the 50th anniversary of independence of their countries forward AFP, citing a senior U.S. delegation to the summit of the G-8. Obama will launch in early August a special event to mark the coming of a half century of independence of these former colonies.
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Eurozone industrial production in November rose by 1.0% on a monthly basis and decreased by 7.1% yoy, with expectations for a rise of 0.7%, respectively, and decreased by 8.5%. Production for October was down by 0.3 percent revised on a monthly basis and by 10.9% per year compared to previous data for -0.1% respectively. and -11.1%. Faster rise to expectations due to growth in manufacturing in all sub-sectors without energy. Annual decrease was even the least since October, but still negative for the 19th consecutive month. Thus improving the progression index coincides with the studies on the activity of the industrial sector, which is significant in recent months.
However, maintaining levels of negative annual highlights the slow steps of recovery and because of its economists are firm that the ECB will keep its key interest rate unchanged today. We recall that it is 1%. Data showed that manufacturing in the industrial sector decreased by 2.2%, while the remaining 4 sub-sector growth is between 0.6% and 1.8% on a monthly basis in November with the strongest is the production of intermediate and capital goods.
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