Monday, November 10, 2008
Inflation pressures ease, China provides a boost
Posted by David Smith at 12:15 PM
Category: Thoughts and responses

Producer price figures confirmed that a sharp fall in inflation is in the pipeline, with "core" output price inflation dropping below 5% and industry's input price inflation dropping from 24% to 13.8% in a month. More details here. Of more significance, ahead of the weekend G20 meeting in Washington, is that China has announced a fiscal stimulus worth around $570 billion. Huge. Here is the Xinhua news agency report