October 2014 International Economic Fundamentals

Ally

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#2
Spain's home sales surge 12% on a quarterly basis





Spain's home sales posted a 12.1 percent increase in the second quarter of 2014 compared to a year earlier buoyed by an increasing interest from foreign buyers.





Data from the Ministry of Public Works shows that a total of 91,338 homes were sold in the quarter, the best second quarter since 2010.





It also shows that 16.4% of the sales were to foreign residents, as the number of purchases by non-Spanish citizens rose for the 12 quarter in a row.





Read the full article here.
 

Ally

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#3
G20 officials pledge 5-year, $2 trillion effort on growth





WASHINGTON -- Finance ministers from the world's largest economies say they are determined to prevent a slide into another global recession.








They are unveiling plans for a global initiative to build roads and other infrastructure projects to help boost world growth by $2 trillion over the next five years and create millions of jobs.












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Ally

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#4
Free as a snowbird? Maybe not





The days of carefree and careless commuting are over for Canadian snowbirds with second homes in the United States` sunbelt, says lawyer and tax specialist Roy Berg.





The rules haven`t changed. They`re as bewildering, contradictory and potentially punitive as ever ` on both sides of the border, says Berg, of Moodys Gartner in Calgary.





Read the full article here.
 

Ally

Research Assistant
Registered
Mar 24, 2009
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48
Langley
#5
Market mayhem: What's driving the global economic breakdown








Cracks are showing in the global economy. Financial markets gyrated wildly this week, as investors took stock of the latest indicators and realized all is not well in the world.





Ever since the financial crisis, the global economy has never operated at full throttle, but there have been several notable bright spots. Now some of those are starting to lose their lustre.





Read the full article here.