February 2015 International Economic Fundamentals

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#2
Oilman becomes milkman as Norway's best jobs disappear

(Bloomberg) -- When Joergen Langaunet started as a project planner at offshore engineer Aker Solutions ASA in 2012, he worked a lot of overtime. Norway’s oil industry, so rich it spawned the world’s largest sovereign wealth fund, was booming.

Then last year, he realized he was spending most of his time in the lunch room: His services weren’t needed. In September, as crude prices were on their way to the biggest plunge since 2008, Langaunet lost his job. Today he’s a regional manager for Tine SA, Norway’s biggest dairy producer.

Read the full article here.
 

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#3
Spanish prime minister raises 2015 growth forecast to 2.4% and predicts 500,000 jobs

MADRID - Prime Minister Mariano Rajoy says Spain's economy will grow by a better-than-expected 2.4 per cent in 2015, claiming it as strong evidence that the country has emerged from the severe economic crisis.

Opening the annual state-of-the-nation debate Tuesday, Rajoy said Spain had moved from the edge of the abyss to being the eurozone country with the highest growth and job creation.

Read the full article here.