Friday, February 13, 2009

Quick Overvieww

  • The University of Michigan's index of consumer sentiment fell from 61.2 to 56.2

  • GDP in the Euro area fell 1.2% YOY

  • Germanys GDP fell 2.1% QoQ, the biggest drop since 1987

  • Canada’s new vehicle sales fell 14.8% MoM and 22.5% YoY.

  • (Reuters) - G7 finance ministers headed to Rome to discuss the global economic crisis on Friday with a warning from Germany that the world could be plunged back into the dark days of the 1930s if governments resorted to protectionism.

  • The U.K. government is urged to ensure bank chief executives have a "recognized banking qualification".

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