- The International Monetary Fund (IMF) has raised its forecast for global economic growth this year, from 4.2% to 4.6%.
- Stock markets, oil prices and the euro have gained ground for a third day, spurred on by hopes that European banks will pass EU stress tests.
- German imports have risen at their fastest rate since unification in 1990, outpacing a sharp rise in exports.
- The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 16th consecutive month.
- The European Central Bank (ECB) has held eurozone interest rates at a record low of 1% for the 14th month running, as expected.
- Australia's employment level surged by 45,900 in June, a much higher figure than economists had expected.
- China has confirmed that a new tax on sales of primary resources will be rolled out nationwide.
BBC Business News 8th July 2010
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