It seems that rising value of Australian dollar is hurting the economy beyond expectations. While countries across the world are grappling with inflation, Australia seems to be aloof to it. It has been told by the Outspoken Queensland MP, Bob Katter, that there is need to find ways to lower down the value of currency.

It has been revealed according to a recent survey that people from New Zealand are the most social people in the entire world. It has been revealed after a study conducted by the Organization for Economic Operation and Development OECD.

It is an endeavor being made by the authorities to put the debt sale of the Italy as a testing drive for the ability of Eurozone to fight back the debt crisis. It was seen on the other hand that there are widening economic problems in the world, the low Chinese trade data being a reminder of the same.

Last 18 months have observed frequent increase in interest rates of the Central Bank of India, under the spell of a move carried out in order to regulate inflation although, the campaign seems to stimulate an environment for slower growth.

As the looming threat of euro zone debt crisis overpowering nations across the world, the International Monetary Fund (IMF) has lowered down its expectations for Asia’s economic growth. While the European Union is putting up the best possible options to avert the risk, it has been clear now that there is no clear resolution and with Slovakia’s recent rejection to vote for extending EPSF, hopes of a near resolution have further crashed.

Australia’s position is in contrast to that of South Africa. Where the latter is suffering from deteriorating unemployment rate, Australia is moving towards increased employment rate.