Friday, January 20, 2012

Positive Economic Indicators for 2012

We have two fairly positive economics indicators to get 2012 of to a good start. China's economic growth in 2011 was healthier than expected. UK inflation fell in December.

China’s economy expanded by 9.2 percent last year, slowing from 2010. Global turbulence and efforts to tame high inflation slowed the growth rate. However the still healthy 9.2% growth suggests China’s economy will avoid a slump. The rate is down from 10.4 percent growth in 2010

Factory output rose 13.9 percent for 2011, lower than in 2010 mainly due to reduced demand from export markets.

UK inflation fell in December. Fuel prices dropped and retailers offered hefty discounts providing some relief according to the Office for National Statistics (ONS).

Consumer price inflation fell to 4.2 percent last month from 4.8 percent in November. The drop confirms the trend in the decline of inflation from its three-year peak of 5.2 percent in September.

It was the sharpest drop in the annual rate since April 2009, when the economy was deep in recession.

Inflation is still well above the BoE’s 2 percent target, but the central bank forecasts that it will be below this by the end of 2012, as economic weakness weighs on prices and the effect of last year’s rises in sales tax and energy prices fade.

Is this a positive sign for Britons feeling the pain from a government austerity drive, unemployment at a 17-year high and below-inflation wage rises for most workers?

Checkout the January 2012 global cost of living rank:
Cost of Living January 2012
Cost of Living - Alcohol & Tobacco - January 2012
Cost of Living - Clothing - January 2012
Cost of living - Communication - January 2012
Cost of Living - Education - January 2012
Cost of Living - Furniture & Appliances - January 2012
Cost of Living - Groceries - January 2012
Cost of living - Healthcare - January 2012
Cost of Living - Household Accommodation - January 2012
Cost of Living - Miscellaneous - January 2012
Cost of Living - Personal Care - January 2012
Cost of Living - Recreation and Culture - January 2012
Cost of Living - Restaurants Meals Out and Hotel - January 2012
Cost of Living - Transport - January 2012