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Page last updated at 16:07 GMT, Friday, 11 December 2009


Follow the money
Find out how the $11 trillion bailout was spent and what it means for the taxpayers around the world who funded it


GLOBAL ECONOMY NEWS

China recovery gathers strength
China shows further signs of economic recovery with industrial output surging and its export slump easing.

Greece says no chance of default
Greece's Prime Minister insists his country is "not about to default" as Greek bonds have their worst week in 11 years.

UK interest rate remains at 0.5%
The Bank of England holds UK interest rates at 0.5% and makes no changes to the quantitative easing programme.

Australia's jobless rate declines
Australia's unemployment rate fell unexpectedly in November, as the country's economic recovery continued.

US bail-out scheme extended
US Treasury Secretary Timothy Geithner announces the $700bn US financial bail-out fund will be extended until October next year.

US unemployment rate eases to 10%
The US unemployment rate fell back in November to 10%, from 10.2% in October, the US Labor Department says.

Bank of Japan tries new stimulus
The Bank of Japan announces new measures to boost the economy after holding an emergency meeting.


MORE NEWS

Third rate increase for Australia
Australia raises interest rates for a third successive month, as the country's economy continues to recover.

US growth revised down
The US economy grew at an annual pace of 2.8% between July and September, less than the 3.5% previously forecast.

Improvement in Japanese exports
Japan's exports fell at their slowest annual rate in a year in October, indicating the country is emerging from recession.

World Bank approves Mexico loan
The World Bank approves a $1.5bn loan to support Mexico's economic stimulus packages.

US consumer confidence edges up
US consumer confidence edged higher in November after a big drop in October, figures show.

Russia cuts rates to record low
Russia's central bank cuts interest rates for the ninth time since April to a record low of 9% as inflation cools further.


AROUND THE WORLD

Workers return: China
Rural workers head back to China's coastal cities

House of cards: Las Vegas
Hard times in Las Vegas as foreclosures bite

The UK politics of the crisis
As James Landale explains, politics has been utterly transformed by the financial events of the past year.

Migration: Polish turnstiles
Just as claims of floods of migrants arriving in the UK may have only ever told half the story, the suggestion that they are all heading home is equally deceptive.

Step backwards: Brazil
Recession forces an immigrant back into prostitution

Hollywood tale: A mogul's views
Ticket sales are up but studios are feeling the pinch


FEATURES, VIEWS AND ANALYSIS

Will it work?
Can G20's new measures tackle the next crisis?

Economy snapshot
How the crisis is affecting G20 members

New dawn
Are we at the brink of a new world order?

City Diaries
What do finance workers want to see from the G20?

Broken promises?
Are G20 leaders fulfilling their pledges?

Debt burden
Find out which countries have seen debt soar


FEATURES, VIEWS AND ANALYSIS

Crisis timeline
How the global financial crisis unfolded

Who's acting?
A country-by-country guide to bonus crackdowns

Shining example
Why Pittsburgh was chosen to host the G20

Unequal recovery
While the rich recover, the poor are still suffering



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