Nov 8, 2013

Economy in U.S. up by 2.8% in quarter

The U.S. economy grew an annualized real 2.8 percent in the third quarter of 2013, beating the average market estimate on the back of strong residential investment and exports, Commerce Department data showed Thursday. The overall growth in terms of inflation-adjusted gross domestic product ...

Nov 4, 2013

GDP growth likely slowed in second quarter: think tanks

Private research institutes expect government data to show that Japan’s gross domestic product grew at a slower pace in the July-September quarter compared with the previous three months. The average estimate of 13 think tanks surveyed on Japan’s quarter-on-quarter real GDP growth in the ...

Aug 12, 2013

Japan's April-June GDP grows, affecting tax hike decision

The economy grew an annualized real 2.6 percent in the three months through June with consumption and exports recuperating, the government said Monday, possibly further swaying Prime Minister Shinzo Abe’s fall decision on whether to raise the 5 percent sales tax to 8 percent ...

Aug 2, 2013

Public debt situation worries IMF

The International Monetary Fund expressed concern Thursday about the fiscal situation in Japan, where public debt keeps soaring. Simulations by the IMF “suggest that global output losses could reach 2 percent of GDP” if Japan is “exposed to a reconsideration of sovereign risk by ...

Jul 19, 2013

April-June GDP forecast faces upgrade to 3%

Economists are projecting that the economy grew at an annualized rate of around 3 percent in the three months to June, surpassing the government’s growth target for raising the consumption tax next April. The projections, offered in terms of inflation-adjusted gross domestic product, were ...

Data show Britain's 'double-dip' recession never was

Jun 29, 2013

Data show Britain's 'double-dip' recession never was

Britain’s economy expanded by 0.3 percent in the first quarter of 2013 and never experienced a double-dip recession as previously thought, official data showed Thursday. Gross domestic product rebounded in the January-March period after falling by 0.3 percent in the final three months of ...