German unemployment rose in December for the ninth month in a row. Nevertheles, Germany closed out 2012 with more people in work since reunification. Economists are predicting that 2013 will continue the trend.
China has reported weak first-quarter growth as the country is in a reform process to make economic expansion more sustainable. Market pundits said the latest figures would be unlikely to lead to more stimulus programs.
Unemployment in Germany has fallen, according to the latest labor market data. But a fresh report has revealed that the number of jobless still hovers above the 3 million mark.
The Palestinian Authority has unveiled plans to explore for oil in the West Bank, which it says is a key step toward developing the local economy and gaining independence from Israel.
G20 finance ministers and central bank chiefs are set to discuss controversial issues at the annual IMF spring meeting. Risks posed by low inflation and the Ukraine crisis are very real, analysts warn.
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