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Economists predict 8 percent growth in key Chinese economic report
AFP - China’s economic growth likely picked up slightly in the first quarter of this year, according to an AFP poll of analysts, but they say the rebound is fragile and key data unreliable. First-quarter gross domestic product (GDP) for the world’s second-largest economy is due to be announced Monday and…
Economy grows faster than expected in third quarter at 3.1 percent
The US economy grew 3.1 percent in the third quarter, faster than previously estimated, the Commerce Department said Thursday. Gross domestic product growth in the July-September period was revised upward from prior estimates of 2.7 percent and 2.0 percent, the department said. The higher figure reflects upward revisions to consumer…
U.S. economy grew 2 percent in third quarter
The US economy grew at an annual rate of 2.0 percent in the third quarter from the second quarter, the government said Friday in its first estimate for the July-September period. The expansion was a bit stronger than the 1.9 percent expected by most analysts, and much better than the…
Spain falls back into recession: official data
Spain fell into recession in the first quarter of 2012 with a decline of 0.3 percent in gross domestic product (GDP), the same rate of contraction recorded late last year, official data showed on Thursday. Final figures released by the the National Statistics Institute (INE) confirmed preliminary data issued on…
US confirms economy grew 3.0% in Q4
The US economy grew at an annual rate of 3.0 percent in the fourth quarter of 2011, the Commerce Department said in its final estimate Thursday. The department’s third estimate for gross domestic product growth in the period was unrevised from its prior estimate and capped a year of steadily accelerating growth. GDP grew…
Greece’s economy to exit recession only by 2014
WASHINGTON — Greece’s economy is expected to exit recession only by 2014, the International Monetary Fund said Thursday after announcing a new bailout loan for the heavily indebted country. The IMF projected the Greek economy would shrink about 4.8 percent this year, followed by zero growth in 2013 and a…
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