economy

Japan’s GDP Growth Less Than Expected, Next Quarter To Be Better

Japan’s economy posted less than expected growth in the July-September quarter, but is expected to ramp up in the current quarter with consumer spending on the rise to offset the tax rise next year....

U.S. GDP Climbs 2.8 Percent, Stock Markets Decline

The United States gross domestic product (GDP) increased 2.8% in the third quarter from 2.5% in the previous quarter. The acceleration of the GDP was driven primarily by improvement in private inventories based on...

U.K. Industrial Production Growth Higher Than Expected

The industrial production growth in the United Kingdom for the month of September was higher than the estimate of economist due to the recovery of manufacturing sector in the country. According to the Office for...

Japan Ready to Assert Leadership in Asia

Japan is ready to assert its leadership in Asia as countries in the region expressed concern over China’s build up of its military power, and a potential pull back of the United States, according...

China Reports Sharp Decline in Exports, But Imports Climb

China reported that its exports suffered a sharp decline for the month of September. According to the General Administration Customs in Beijing, the country’s shipments overseas fell by 0.3% to $185.6 billion. Based on data...

Summers Exits Fed Candidacy; U.S. Stock Markets Rally

The stock markets in the United States rallied over the decision of former National Council of Economic Director, Lawrence Summers to withdraw his candidacy to become the next head of the Federal Reserve to...

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