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WB: Floods, political chaos hamper Myanmar growth

  Yangon / AFP Myanmar’s growth rate, once one of the world’s most impressive, has dipped following heavy floods and an investment slowdown sparked by uncertainty over its political transition, the World Bank (WB) said on Tuesday. A civilian government led by veteran democracy campaigner Aung San Suu Kyi took power in March after clinching a clear majority in elections late ...

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China created 4.43mn jobs in 4 months

  Beijing / Bloomberg China’s jobs market, which has weathered the economy’s slowdown so far this year, faces fresh challenges as the government plans to shut inefficient companies, according to a top official at the Ministry of Human Resources and Social Security. The nation created 4.43 million new jobs in the first four months of the year, hitting 44 percent ...

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Euro-area inflation rate stays negative as ECB mulls outlook

  Bloomberg Euro-area consumer prices failed to increase for a fourth consecutive month, highlighting policy makers’ struggle to stoke inflation despite multiple rounds of stimulus. Prices fell 0.1 percent in May from a year earlier, the European Union’s statistics office in Luxembourg said on Tuesday. That’s in line with the median estimate in a Bloomberg survey of economists and follows ...

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