129784668162866250_243Gold: domestic demand pick up unemployment in Europe and are facing challenges
Domestic: the March PMI fine interpretation, small and medium enterprises development significant increases in new thinking in the March PMI-harvest mainly reflected seasonal factors, eliminating seasonal effects, the current growth momentum remains weak. Expansion of consumption, exports and real estate and any substantive improvement. Enterprises are faced with price levels are still relatively low, Enterprise inventory of stress. SME businessCondition still worrying, employment may come under pressure in the coming months. Recent signs of credit expansion has accelerated
tera power leveling, monetary credit policy counter-cyclical operation was expected to continue to promote moderate growth. Premier on April 4 speech embodies the Central breaking financial monopoly, new thoughts on supporting SME development, and in recent years the Central and local governments on encouraging private investment in the politicalPolicy orientations. From the perspective of long-term economic growth, breaking financial monopoly, relaxing the scope of private investment helps to improve economic efficiency, damp asset bubbles to prevent potential sharp drop in the growth rate. In the short term
tera gold, support of private economy reflected in the implementation of the structural policy more tax cuts. International: Europe and the high unemployment rate, macro-policy challenges faced the problem of unemployment in Europe and AmericaPolicy. United States unemployment rate recently has improved, but is still shaky, and full recovery of the labour market is still long. March nonfarm payrolls less than expected, but does not change the recovery trend in the labour market. As trends in the employment situation improve, dismissed the number of basic stability, necessity is not recent QE3; also added modest employment growth, need for monetary policy continuedLoose. Euro-zone unemployment rate continues to rise, especially in Spain (overall unemployment rate of 20%, an unemployment rate of young people 50%). High unemployment is not only against private consumption and production capacity, and prevent fiscal austerity and fiscal reform, as Spain debt crisis key. Loose monetary policy to reduce suffering from cyclical unemployment, but the legal and historical factors such as theDue to structural problems (such as the existence of a large number of temporary workers) also require structural reforms to resolve. European Central Bank announced this month on a routine meeting on the income maintenance policy interest rate unchanged 1%, signs of economic growth had stabilised at the bottom. Eurozone inflation will remain above the target level of the 2%, accompanied by a large upside risks
tera power leveling, we expect the European Central Bank cut interest rates this year is unlikely��
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