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  • World Impact Euro

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    Navneet Shetty
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    Australia's central bank warns financial turmoil in Europe could drag the country's resource-led economy lower. It cuts forecasts for domestic growth and inflation. Australia and Indonesia have cut interest rates this month. The Philippines last month announced a fiscal stimulus package to spur the economy.

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    Australia's central bank warns financial turmoil in Europe could drag the country's resource-led economy lower. It cuts forecasts for domestic growth and inflation. Australia and Indonesia have cut interest rates this month. The Philippines last month announced a fiscal stimulus package to spur the economy.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    12 views5 pages

    World Impact Euro

    Uploaded by

    Navneet Shetty
    Australia's central bank warns financial turmoil in Europe could drag the country's resource-led economy lower. It cuts forecasts for domestic growth and inflation. Australia and Indonesia have cut interest rates this month. The Philippines last month announced a fiscal stimulus package to spur the economy.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    Impact of European Financial Crisis on the World

    Mainly Impacts..
    Trade Channel Financial Channel Confidence channel

    Impact on
    Turkey Kenya South Africa

    Impact on
    SYDNEY Australia's central bank Friday warned that financial turmoil in Europe could drag the country's resource-led economy lower, as it cut forecasts for domestic growth and inflation. CHINA: Textiles and Garment Exports. Australia and Indonesia have cut interest rates this month, while the Philippines last month announced a fiscal stimulus package to spur the economy.

    Bank Indonesias rate cut of half a percentage point was the biggest reduction since March 2009.

    Impact on
    United States of America

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