Search Results for: slowdown

Anxieties over the global economy have led to a devaluing of several Asian currencies, as demand lessens for emerging market currencies. The Filipino peso dropped 2.2 percent over this week to 45.310 per US dollar – its worst for a year as investors rushed to sell the currency. The Taiwan dollar was also hit by […]

Royal Bank of Scotland has cut back its end of year forecast for the Chinese yuan, citing a dampening in overseas demand and a resurgent dollar. The yuan exchange rate will now increase to 6.6 per dollar at the end of year, rather than the previously forecasted 6.4, with a surge in the dollar’s price […]

A slump in property prices has spread throughout the island of Cyprus, according to a leading estate agent in the country. The global economic crisis which has hit the UK has played a major part in this, with 80 per cent of the island’s external demand for property coming from the UK. The country has […]

The International Monetary Fund, IMF, has reviewed its forecast for the United Kingdom, UK’s economic growth over the next two years. In the new forecast, the IMF has predicted that the UK would grow by 1.4 per cent in 2006 and 1.1 per cent that the UK would grow by 1.4 per cent in 2008 […]