BEIJING — China’s economy grew at its quickest pace this year between July and September in a rebound fuelled largely by investment, although signs are already emerging that the pick up in activity may lose some vigour.
Gross domestic product in the world’s second-biggest economy rose 7.8% from a year earlier, official data showed, marking only the second quarter in the last 10 in which growth has accelerated.
WASHINGTON – The United States economy likely expanded slightly in the fourth quarter, according to data on Friday that suggested a surprise drop in GDP reported by the government last week was overstated.
The U.S. trade deficit narrowed to its lowest point in nearly three years in December on a drop in oil imports and a surge in exports.
Trade data for December paint a reassuring and encouraging picture of the U.S. economy at the end of last year
While Europe’s financial crisis continues India grew GDP by 8.6% in the first 3 months of 2010. China continues to grow quickly as do many emerging countries, including Brazil. India’s Q4 GDP grows at 8.6% y-o-y
WASHINGTON — The U.S. economy grew at a 3.2% annual rate in the October-December quarter on the strength of the strongest consumer spending in three years, an encouraging sign for 2014.
The fourth-quarter increase followed a 4.1% growth rate in the July-September quarter, when the economy benefited from a buildup in business stockpiles.
For 2013 as a whole, the economy grew a tepid 1.9%, weaker than the 2.8% increase in 2012, the Commerce Department said Thursday. Growth was held back last year by higher taxes and federal spending cuts.
There are facts; then there are completely fabricated, made up numbers. And then there is Chinese "data." After having been exposed in the past several years countless times on these pages alone as being absolute manipulated propaganda hogwash, it is amazing that anyone, anywhere still believes anything to come out of the official Beijing mouthpiece, which merely adjusts a few variable cells in the big central planning goalseeking excel spreadsheet and reports the answer.
OTTAWA (Reuters) - Canadian labor productivity grew slightly faster in the first half of this year than previously estimated, according to revised figures released by Statistics Canada on Friday that also showed little change to the data over the past 30 years. Statscan revised down its estimate of second-quarter productivity to a decline of 0.5 percent from a 0.4 percent decline previously. But in the first quarter, it said productivity actually grew 0.4 percent versus its initial report of no change in that period. ...
South Korea's economy grew a faster than expected 1.8 percent in the first quarter thanks to a firm export performance and improved domestic demand, the central bank said Tuesday.The quarter-on-quarter rise in gross domestic product was sharply higher than the 0.2 percent increase in October-December, and beat the bank's prediction earlier this month of 1.6 percent.Compared to a year earlier, Asia's fourth-largest economy grew 7.8 percent in January-March.