• IMF Chief criticises the US for cutting back government spending too much too fast, saying it is taking a toll on growth; also says upbeat financial markets are out of whack with a sluggish global economy that is showing signs of slowing even further.
• US trade balance increased 8.5% to $40.3 bn in April compared with a downwardly revised $37.1 bn gap in March.
• Euro Zone Producer Prices Index declined 0.2% on an annual basis in April, compared with a downwardly revised annual increase of 0.6% in March.
• US trade balance increased 8.5% to $40.3 bn in April compared with a downwardly revised $37.1 bn gap in March.
• Euro Zone Producer Prices Index declined 0.2% on an annual basis in April, compared with a downwardly revised annual increase of 0.6% in March.
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