Elevate Tunisia to the rank of prestige partner to the European Union

Elevated Tunisia to the rank of Prestige Partner to the European Union under the "political declaration" issued common in the context of the ninth session of the Council of partnership between Tunisia and the European Union, which began earlier in the day in Brussels.

And Mr. Riad perfume and Minister of Investment and International Cooperation Tunisian who is participating in the work of the Council that has been agreed with the European Union on a program of work that includes political, economic, social and financial during the period 2013-2017 revealed that the negotiations on the detailed plan and schedule for the program will start from 2013.

The perfume that it was agreed in the framework of this program to hold a summit meeting periodically and the establishment of parliamentary cooperation and enable Tunisia to attend as an observer in several committees in charge of cooperation with European and Arab Maghreb region in general.

He explained that the program includes the economic level agreement on the merger of Tunisia in the knowledge economy, innovation and research as well as to agree on further negotiations on boosting cooperation and take advantage of the European policy in the field of regional development and social cohesion in order to provide employment opportunities for young Tunisian private university graduates.

Tunisian minister continued that the financial support will continue in the light of his country's progress in the implementation of structural reforms implemented in many sectors, including making products, goods and services more competitive and able to penetrate new non-European markets.

He also noted that Tunisia will be able thanks Artqaúha to tidy Prestige Partner of supporting exports towards the European countries and attract more foreign investment and push tourism activity and accelerate the pace of reforms to give a strong indication more openness and restore investor confidence.

Japan's central refrain from further monetary easing measures

Japan's central bank decided to refrain from providing further monetary easing measures in this November after two consecutive months of application of these procedures.

The bank said that the members voted unanimously in favor of keeping its key interest rate in a range from 0% to 0.1%.

And the bank that he intends to expand the program to buy assets 1.14 trillion dollars, while it is under increasing pressure from the government to do more to fight deflation.

The Japanese economy has achieved a 3.5% contraction in the third quarter of this year on an annual basis.

Germany's economy will lose the momentum coming months

Warned the German central bank Bundesbank today that the German economy "will lose significant momentum in the coming months after he hurt the euro zone's debt crisis and slowing global economic growth rate of growth for the country."

The Bundesbank said in its latest bulletins issued today, "if there is a loss of confidence in large parts of the economy on the occurrence of any momentum in the short term."

The bank said that the Frankfurt-based to him, "The debt crisis protracted euro zone pose the biggest threat to Europe's biggest economy" is that "the slowdown in the major emerging economies in the world, especially China also reduced Germany's economic performance," according to the bank.

"The periodic Headwind will also affect the labor market in the coming months." Also delivered an opinion poll conducted by the Cologne Institute for Economic Research IWC released today highlights the growing risks involved in the labor market as a result of the slowdown in the rate of economic growth of the country.

She said 28 percent of the companies surveyed it plans to write off jobs in the next year, while 20 percent said only that it wants to provide new jobs.

Having succeeded in the face of the economic storm resulting from the debt crisis during the first half of the year slowed the German economy grew an average of 2 t 0 percent in the third quarter.

Despite reaching the level of interest rates record low at 75 t 0 percent, the bank said expansionary monetary policy will not automatically enhance economic growth.

He said that the current business climate is still cause for pessimism and after strong growth during 2010 and 2011 became investment companies recently "suffered a major setback" amid companies take a more cautious approach.

The German central bank added that "the relatively low corporate investment shows that record low interest rates do not represent the same power lead to an improvement in the economy."

Although the Bundesbank is expected to regain German industry gains as it entered the new year amid expectations that the global economy will start to improve again.

France defends its economic reforms after the reduction Moody's rated bonds

Defended the French government for its economic reforms after the decision by the agency Moody's Global credit rating last night rated government bonds French by one point, from "EEE" to "EE 1", leaving the outlook negative on the French economy.

The Pierre Moscovisa, and Minister of Economy and Finance French in a press statement this morning - Tuesday - that the country took note of the decision of Moody's global.
He said: This decision followed negative expectations of the Agency on the French economy, which issued on Feb. 13 and then also those negative expectations on other European countries on July 23, 2012 .. Referring to these expectations reflect the failure of previous governments in dealing with the public accounts and the competitiveness of the economy of France.

The Moscovisa reviewed the reforms adopted by the Paris government to boost the economy, especially through the control of public accounts, and the National Charter for growth, competitiveness and employment, as well as the ongoing negotiations on the labor market.

The Minister of Economy and Finance French to the French economy is "broad and diverse" and that the government has shown a strong commitment to structural reforms and payment of public finances.
He stressed that the French debt remains among the safest in the European single currency area.
The Moscovisa to the progress made since the European Council which took place on 18 and 19 June 2012 to achieve stability in the euro area and to maintain growth, reduced agency "Moody's" credit rating for France one degree while maintaining expectations negative due to structural challenges faced by the French economy.

The agency said in a statement on Monday that the main reason for the downgrade of France is the risk to economic growth due to the existing structural challenges faced by the country.
The agency also noted an increase in the real exchange rate France over the past years, which adversely affect their competitiveness, especially in comparison with Germany, Britain and the United States, the challenge "difficult" bypassed due to belong to the euro zone.

Improved industrial production and retail sales in China

The Chinese economy during the past two months, signs of recovery with improved domestic and external sectors, and that after a period of slowdown since the beginning of this year, according to a report released yesterday by the Kuwait China Investment Company.

The report, prepared by Camille Accad economic analyst at the company, that this recovery comes in the pivotal for two reasons, first, that economic growth is main pillar behind the superiority of the Communist Party leader in China, instead of improving social security and safety, where China is experiencing during the current month change in leadership, which is once every decade, and therefore any faltering economic might threaten the Communist Party leadership. The reason for the second rebound to GDP growth, which is expected to reach its lowest level in the last quarter of 2012, may be attractive to investors in light of the continued faltering global economic growth, and the continued volatility in the markets, especially with the near slope U.S. financial.

After a slowdown during the regular year, saw industrial production, which is an accurate measure of the industrial sector, which represents 45% of GDP almost, an improvement in its approach, where industrial production grew in October 9.6% on an annual basis, after 8.9% in August .

And also increased retail sales, which is an indicator for the services sector, which is equivalent to 45% of GDP, from 13.2% on an annual basis in August to 14.5% in October.
This also refers to the flexibility of the domestic sector in the economy, which encourages growth in the future, especially with the growing external risks, but exports increased from 2.7% on an annual basis in August to 11.6% in October, if economic indicators continue Home show positive signs, we expect to catch decline in GDP in the last quarter of the year, up in the future.

The report added, "We GDP to measure economic output or the size of the economy - adjusted for inflation or deflation, is the sum of the values ​​adjusted for all final goods and services produced by a country or region during a specific time period, and adopt those values ​​amounts (size) and the prices of goods produced The real gross domestic product (GDP), it is a measure makes fixed rates through the adoption of a certain value, which is the basis for all goods and services. "

Are then use these values ​​to measure the GDP for the years leading up to the foundation, which followed, can also be measured GDP in several ways, including of the Office of National Statistics in China, a government agency responsible for national data, which measures the output by the three main sectors of the primary sector or the production sector and the secondary sector or the industrial sector, and the service sector, or in a way that spending, which includes private consumption, government spending, and a solid financial investment, and exports and imports.

The industrial production and retail sales accurate indicators of economic growth, where representing more than half of GDP when considering the production sectors that be, given the GDP manner spending, we find that the retail sales and exports represent also a significant share of gross domestic product, suitable to be an indication of the growth of a large part of the GDP. In the short term, can be measured GDP growth over previous analysis indicators.

The Chinese managed to stimuli moderate fiscal and monetary and extended over a long period to achieve economic growth, in addition to the decline in inflation to 1.7% on an annual basis in October, after he was 2.2% in August, allowing an opportunity for further easing if the need summoned . But with the return of Chinese growth once again do not expect any expansionary stimuli this year, is to reduce preventive compulsory reserve ratio.

The report went on "high industrial production and exports in October to the highest level in five months, and retail sales rose at the same time to the highest level in seven months, expect to see GDP growth return in the fourth quarter, following a drop to its lowest level in three years, and after seven months a row of slowing growth, and if completed data November draws positive data October, has produced a rise in the market, before the start of the U.S. financial slope. "

By International Business News