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Tag Archives: GDP

GDP in world’s second largest economy grow at 6.9% in Q3

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BEIJING: China on Monday logged its worst economic performance since the global financial crisis with analysts warning it is likely to worsen and the government needs to do more to avert a sharp slowdown. Gross domestic product in the world’s second-largest economy grew at just 6.9 percent in the third quarter, its slowest rate in six years, adding to fears ... Read More »

Banque de France to publish second estimate for Q3 GDP growth

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PARIS: The Banque de France will publish its second estimate for Q3 GDP growth. The GDP growth rate is likely to be unchanged at 0.3% qoq, estimates Societe Generale. The Banque de France carried out a monthly survey of business leaders’ opinions throughout its network of branches at the end of August. Mirroring the improvement in the business survey (and ... Read More »

UK economy to grow 2.6% in 2015

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LONDON: Britain’s economy will grow 2.6% this year, exceeding earlier forecasts, as an uptick in productivity accelerates, household spending stregnthens and business investment prospects improve, the CBI has said. The business lobby group in June predicted 2.4% GDP growth this year, but Rain Newton-Smith, the CBI’s director of economics, said “strong domestic demand and upbeat official data since our last ... Read More »

UK GDP growth figures released

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LONDON: UK growth figures will also help decide when the Bank of England might start to hike borrowing costs. Economists predict official figures will show GDP growth bounced back in the second quarter after a new-year slowdown. Alongside fading worries about the Greek debt crisis and signs of rising living standards, any such recovery in headline growth could fan expectations ... Read More »

Poland’s GDP up by 3.6% in 2015: NBP

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WARSAW: The National Bank of Poland issued a prognosis on the state of the Polish economy, the Polish Press Agency reported. According to the report, in 2015, 2016, and 2017, Polish gross domestic product is expected to rise by 3.6, 3.4, and 3.6 percent respectively. In terms of inflation, the NBP predicts a negative value of 0.8 percent in 2015 ... Read More »

Poland’s GDP increase by 3.7% in 2015: Economy Ministry

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WARSAW: Poland’s GDP growth will likely measure 3.7% in 2015, with average annual inflation at negative 0.2%, the Economy Ministry said in a quarterly research report. “Q1 GDP readings were better than expected which allows for optimistic forecasts concerning the full year,” ministry analysts wrote. “We expect that GDP growth may exceed the level set in the budget bill.” Poland’s ... Read More »

South Africa’s GDP growth gradually rises 2.1% to 2.8% by 2017

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CAPE TOWN: South African GDP expected to chive a growth of 2.1% in 2015, gradually rising to 2.8% by 2017, based on incremental increases in electricity generation capacity, rising consumer demand, and a slight rebound in net exports. “However, this follows relatively slow growth of 1.5% in 2014, and it continues to highlight a prolonged period of low growth for ... Read More »

South Africa’s GDP growth rise gradually up to 2.1% to 2.8% by 2017

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CAPE TOWN: South African GDP expected to chive a growth of 2.1% in 2015, gradually rising to 2.8% by 2017, based on incremental increases in electricity generation capacity, rising consumer demand, and a slight rebound in net exports. “However, this follows relatively slow growth of 1.5% in 2014, and it continues to highlight a prolonged period of low growth for ... Read More »

Turkey’s GDP increases 2.3% in Q1 of 2015

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ANKARA: Turkey’s Gross Domestic Product has increased by 2.3 percent at constant prices in the first quarter of 2015, from the same period in the previous year, the Turkish Statistical Institute said in a statement. Gross domestic product increased by 2.3 percent, compared with the same quarter of previous year, in the first quarter of 2015 and reached 30.9 billion ... Read More »

Hungarian’s GDP up 3.5% in Q1of 2015

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BUDAPEST: Hungaryʼs GDP saw a year-on-year rise of 3.5% in the first quarter of this year, lifted by strong performance in manufacturing and services, revising upward from 3.4% in the first reading, the Central Statistics Office (KSH) said in a second reading of data today. According to seasonal and calendar  adjusted data, economic performance in the first quarter of 2015 ... Read More »

Finland’s GDP falls 0.1%y in Q1 of 2015

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HELSINKI: The volume of Finland’s gross domestic product (GDP) decreased by 0.1 per cent in January to March from the previous quarter, according to Statistics Finland’s preliminary data. Compared with the first quarter of 2014, GDP adjusted for working days remained unchanged. Revisions put the change in the volume of GDP in the fourth quarter of 2014 at -0.1 per ... Read More »

Hungarian’s GDP up 3.5% in Q1of 2015

gdp

BUDAPEST: Hungaryʼs GDP saw a year-on-year rise of 3.5% in the first quarter of this year, lifted by strong performance in manufacturing and services, revising upward from 3.4% in the first reading, the Central Statistics Office (KSH) said in a second reading of data today. According to seasonal and calendar  adjusted data, economic performance in the first quarter of 2015 ... Read More »

Polish GDP growth to continue upward at 3.7% in 2016

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WARSAW: Poland’s economic growth will likely accelerate to 3.7% year on year in 2016 from 3.5% expected in 2015, OECD’s June forecasts showed. Polish growth will be mainly driven by private consumption. “The labor market situation will continue to improve, while exports will benefit from improvement in international trade and faster growth in the euro zone,” the report reads. Consumer ... Read More »

Finland’s GDP falls 0.1%y in Q1 of 2015

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HELSINKI: The volume of Finland’s gross domestic product (GDP) decreased by 0.1 per cent in January to March from the previous quarter, according to Statistics Finland’s preliminary data. Compared with the first quarter of 2014, GDP adjusted for working days remained unchanged. Revisions put the change in the volume of GDP in the fourth quarter of 2014 at -0.1 per ... Read More »

Indian fiscal deficit reaches 3.99% of GDP, down 4.1%

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NEW DELHIL: Fiscal deficit, gap between government’s expenditure and revenue, at 3.99% of GDP is lower than the downwardly revised estimate of 4.1% provided in FM Arun Jaitley’s Budget 2015. Fiscal deficit, gap between government’s expenditure and revenue, at 3.99% of GDP is lower than the downwardly revised estimate of 4.1% provided in the government’s first full Budget announced in ... Read More »

OECD revises GDP expansion estimate from 2.3 to just 0.1 pct,

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ATHENS: Growth in Greece will amount to no more than an anaemic 0.1 percent this year, according to the Organization for Economic Cooperation and Development, which in its latest report has revised its forecast for the Greek economy down from 2.3 percent six months ago. However, even that marginal growth, warned the OECD, depends on Greece reaching an agreement with ... Read More »

Finland’s GDP to remain stagnant in 2015

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HELSINKI: The Aktia bank’s latest outlook shows that the Gross Domestic Product (GDP) is forecast to remain unchanged this year. The GDP is expected to grow by one percentage point next year due to improvement in export conditions and stabilisation of domestic demand. Aktia cites the weakening exchange of the euro, drop in oil price and financial condition relief in ... Read More »

Egypt exports, GDP expect stronger growth in coming years

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CAIRO: Egypt’s gross domestic product (GDP) and exports are projected to see “stronger growth” in the coming years, boosted by increasing foreign investments’ inflow into major projects, said HSBC Bank Egypt in a Monday report. In its latest Trade Forecast Report, HSBC said Egypt’s growth forecasts have improved significantly over the last year, thanks to government’s commitment to implement reform ... Read More »

Finland’s GDP to remain stagnant in 2015

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HELSINKI: The Aktia bank’s latest outlook shows that the Gross Domestic Product (GDP) is forecast to remain unchanged this year. The GDP is expected to grow by one percentage point next year due to improvement in export conditions and stabilisation of domestic demand. Aktia cites the weakening exchange of the euro, drop in oil price and financial condition relief in ... Read More »

Poland’s GDP stands at 3.6% in Q1 of 2015

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WARSAW: The seasonally unadjusted real GDP growth rate stood at 3.6 percent in the first quarter, compared with 3.3 percent in the same period of the previous year, the Central Statistical Office (GUS) announced on Friday. Two weeks ago, GUS said the rate amounted to 3.5 percent, according to rapid estimation method. Seasonally adjusted GDP growth increased by 1 percent ... Read More »