BOJ's Sato warns euro area of Japan-style deflation risk

Japan, June 5 (Reuters) - The euro area may face a prolonged period of disinflation that risks harming long-term price expectations, a Bank of Japan policymaker said, warning that the region should not take lightly the potential danger of slipping into a Japan-style deflationary period.

IMF calls for further action to solve eurozone crisis

The International Monetary Fund has called for more action to end the crisis in the eurozone. The IMF wants greater progress made on repairing the balance sheets of banks, so that lending can be kick-started.

French will accept pain for reform gain: Survey

PARIS: Nearly three-quarters of French want President Francois Hollande to push further ahead with economic reforms and are ready to make personal sacrifices as long the pain is fairly distributed, a survey by pollster BVA found on Wednesday.

Eurozone will continue to muddle through

Over the coming 18 months, prospects for economic activity in the euro area are bleak. Within the recently published Goldman Sachs Euro Area Outlook note, we forecast that the current recession will extend well into next year, with at best sub-trend growth envisaged for 2014.

Global fears shackle India's outsourcing job-hoppers

The normally high employee turnover rate in India's job-hopping outsourcing sector has fallen sharply as a weak global economy hits the flagship industry, a study showed on Monday.