slowdown

Inflation in China increased in May to reach a 34-month high of 5.5 percent which spurs the government to tighten its monetary policy as the economic growth is slowing down. It is now a top priority for Beijing to taken control of the inflation.

The conclusion of the economist who analyzed Tuesday data says the world's second-biggest economy is slowing down, but not too quickly.

American consumers pressed by slack salaries and growing prices have now less belief in that they would bring more money home and they think that such chances are now at their lowest in 25 years, says the analysis of survey data by Goldman Sachs.

Jan Hatzius, Goldman’s economic, analyzed the University of Michigan and Thomson Reuters poll, which asks consumers whether they believe their family income will rise more than inflation in the next 12 months.