Friday 1 April 2011

Unemployment rate decreases in US, Europe & debate of nuclear energy in Germany

After Feb, US employment rate increased again in March. European economy is also showing recovery singals. US unemployment rate fell to 8.8 from 8.9. Europe also registered increase in employment. This employment will create demand in economy which is key to growth. But there are fears of increasing inflation. Oil & commodity prices can increase inflation rate. Inflation may hurt this employment growth. Outlook of economy is good. There is a debate about nuclear energy in Germany. A local German govt. order a company to suspend energy production in a nuclear plant for some month. Germany already have much energy consumption. Such activities would damage economic growth as Germany does not have enough energy resources.We hope nuclear energy would not be discouraged in Germany as it is not good for economic growth
.