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Tag Archives: economic growth

China stocks post worst month of 2017 on worries over regulation, economic growth

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SHANGHAI: China’s main stock indexes were little changed on Friday but posted worst month of the year on fears that regulators will step up their latest crackdown on riskier types of financing and speculation, and on lingering worries over economic growth. While China’s regulatory enforcement has tended to wax and wane in the past, investors fear there may be no ... Read More »

UK latest snapshot of economic growth figures to ignite interest rate debate

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LONDON: The latest snapshot of economic growth this week will heat up the debate about when the Bank of England will raise UK interest rates for the first time since the depths of financial crisis. Economists predict official figures on Tuesday will show GDP growth bounced back in the second quarter after a new-year slowdown. Alongside fading worries about the ... Read More »

IMF pegs Kenya’s 2015 economic growth at 6.5%

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NAIROBI: The International Monetary Fund (IMF) is forecasting 6.5 per cent economic growth for Kenya in 2015, a rare concurrence with the government’s prediction. National Treasury Cabinet secretary Henry Rotich said on Wednesday the economy is expected to grow by at least 6.5 per cent this year, supported by continued infrastructure spending in rail, road and port development, and improved ... Read More »

Indian Reserve Bank to open capital account for economic growth

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NEW DELHI: Sound capital controls may have insulated India from the contagion effect of various currency crises in the past, but greater opening of the capital account is inescapable as the economy grows further and becomes global in dimension, said G Padmanabhan, executive director, Reserve Bank of India. Full capital account convertibility means no restrictions on cross-border movement of currency. ... Read More »

Russian economic growth slows 0.6% last year

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MOSCOW: The weaker investment came as Western sanctions over Ukraine and sharp falls in the price of oil slowed Russian economic growth to 0.6 percent in 2014. Overseas investment by Russian companies fell to $56 billion last year, a 40 percent decline from 2013, even as China led a wider boom in foreign direct investment from emerging economies, according to ... Read More »

Thailand GDP growth slows in last quarter on exports decline

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BANGKOK: Thailand’s economy barely grew last quarter as rising government spending failed to counter falling exports and weakening local demand. The outlook for the rest of the year isn’t that much better. Gross domestic product rose 0.3 percent in the three months through March from the previous quarter, the National Economic and Social Development Board said in Bangkok Monday. The ... Read More »

UK rate of economic growth slows to 0.3% in quarter

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LONDON: The rate of economic growth halved in the three months to the end of March, official figures show, marking the slowest quarterly growth for two years. The UK economy grew by 0.3% in the quarter, the Office for National Statistics (ONS) said. That compares with 0.6% in the last three months of 2014. The figures, which come nine days ... Read More »

Spanish 2015 economy growth rises 2.9%

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MADRID: A fast-growing Spanish economy should create at least 2 million jobs by 2018 to cut the unemployment rate to about 15 percent, the government said, although fresh data also showed underlying imbalances persist. The improving economy is key to Prime Minister Mariano Rajoy’s bid to win a second term as he fends off new political forces gaining traction ahead ... Read More »

Italy to commit €8b to Juncker’s plan to boost economic growth

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BERLIN: Italy is to commit €8.0 billion ($A11.16 billion) to European Commission President Jean-Claude Juncker’s plan to boost economic growth. EU leaders last December approved the broad outline of Juncker’s €315 billion investment plan, intended to kick-start growth in Europe by financing hundreds of projects. Prime Minister Matteo Renzi said on Tuesday Italy was pledging “eight billion euros” to the ... Read More »

Spanish economy expands by 1.4% in 2014

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MADRID: Spanish economy has expanded by 1.4 percent in 2014, after five years of recession or no growth. The gross domestic product (GDP) of the eurozone s fourth largest economy rose to 1.06 trillion euros, Ine said in a statement. Last year also marked the first full year of economic growth since a 2008 property crash which put millions of people ... Read More »

DGBAS forecasts 3.78% economic growth of Taiwan in 2015

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TAIPEI: Taiwan’s government announced here the other day that its economic growth forecast for this year to 3.78 percent, amid expectations that lower energy costs would encourage companies and consumers to spend more. That is up from its forecast of 3.5 percent growth in November and represents the fastest pace of expansion in three years, the Directorate-General of Budget, Accounting ... Read More »

Indian economy growth rise at 6.9% in 2013-14, per capita income at Rs 80,388

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NEW DEHLI: According to revised methodology for measuring economic growth, Indian economy is estimated as much faster 6.9 percent in 2013-14 as compared to previous year’s estimate of 4.7 per cent (old series) growth in GDP. India’s per capita income has also seen a sharp rise at Rs 80,388 in 2013-14 from Rs 71,593 in 2012-13 under the new series. ... Read More »

New Zealand dollar plunges below US75c against US dollar

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NEW YORK: The New Zealand dollar slipped below US75c versus the US dollar for the first time since November 2011 after the European Central Bank declared it will inject more than 1 trillion euro into eurozone economy in a bid to stave off deflation and jump-start economic growth. The kiwi dipped to US74.81c against the US dollar — which strengthened ... Read More »

Zimbabwe welcomes international investors to increase FDI

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HARARE: Ministry of Finance and Economic Development officials welcomed international investors and partners to drive the economic development agenda of the country. Zimbabwe is in desperate need of investment to stimulate economic growth. Desire Sibanda, head of Fiscal Policy and Investment Promotion in the Finance ministry told a validation workshop that there was need to realise the importance of attracting investment ... Read More »

Trading below $50 a barrel: Crude oil value falls 60% during last six months

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LONDON: Crude oil value tumbled almost 60 per cent over the last six months with both of the world’s crude oil benchmarks now trading below $50 a barrel as supplies of high quality, light oil from the US and Canada have overwhelmed demand at a time of lackluster global economic growth. Oil prices may have further to fall and a ... Read More »

Malaysian economy to drop to 4.2% from 5.8% in 2015

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KUALALUM PUR: Malaysian moderate growth dropped to 4.2% in 2015 although it was 5.8% in last year. The forecast for 2015 is that growth will ease back to a slower, but still impressive 4.2%. The growth as measured by the gross domestic product (GDP) rose 5.8% in the third quarter of last year, compared to 6.2% and 6.5% in the ... Read More »

High oil production: Oman’s economy likely to grow by 5% in 2015

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MUSCAT: Growth of non-oil activities and effective strength of domestic demand and high oil production have boost up Oman’s economy and it could grow by 5 per cent this year, against an estimated 4.4 per cent growth in gross domestic product (GDP) in 2014, according to the Ministry of Finance here the other day. “National economy is expected to continue ... Read More »

Slow growth rate: 2014 declared disappointing year for Brazil economy

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SAO PAULO: The economic growth of Brazil continue to decrease in 2014, said in the Central Bank of Brazil report released here the other day. Central Bank forecaste the annual GDP growth for 2014 at 0.2 percent. The estimate is higher than market estimates, which call for a growth of 0.13 percent for 2014. Not even mega events, such as ... Read More »

Thailand’s first quarter growth forecast remains 4% for 2015

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BANGKOK: The country’s economic growth is expected to come in at 4% in the first quarter of 2015, driven by government megaprojects, recovering private investment and domestic consumption, pushing full-year growth to 4.5%, says Deputy Prime Minister MR Pridiyathorn Devakula. “Government efforts in the past three months have yielded fruit and driven the economy to achieve 3% growth in this ... Read More »

China to adjust import, export taxes from Jan 2015

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BEIJING:  China will adjust its import and export taxes from Jan. 1 as part of a larger effort to re-order trade to foster economic growth, To refine the mix of Chinese imports, China will levy provisional taxes at a rate even lower than that reserved for countries in the Most Favoured Nation category, a low-rate status given to particularly valued ... Read More »