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Global Economic Hope? Economies in Europe and Asia Come Out of Recession

While it’s pretty much agreed that the global economic situation has been gloomy at best for at least the past year, there are finally rays of light breaking through the gray clouds so prevalent as of late. Japan, Hong Kong, Singapore, France, and Germany; these are the five economies deemed to have emerged from recession.

Economy Set to Grow While Offshore Interest Rates Look to Stay Low

As was predicted in a recent Reuters poll, after a meeting on the 6th August the European Central Bank (ECB) have announced they will be keeping interest rates on hold at 1 percent. Holding the rates for the foreseeable future is seen to be good news for the European economy in general, but is also great for those with a keen eye on offshore interest rates currently.