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 ...

Jun 10, 2013

GDP revised up to annual 4.1% in first quarter

The economy grew at an annualized rate of 4.1 percent during the first three months of the year in inflation-adjusted terms, upgraded from preliminary data on the back of an upward revision to business investment.

Apr 24, 2013

OECD: Specify steps to fiscal health

The Organization for Economic Cooperation and Development put pressure on Japan in a policy proposal issued Tuesday to specify concrete measures to restore the country’s precarious fiscal health, considered the worst among major developed economies. “Given the size and duration of fiscal consolidation, Japan ...

Mar 22, 2013

Key points of U.K. austerity budget

London AFP-JIJI Chancellor of the Exchequer George Osborne announced revisions to economic growth forecasts from the Office for Budget Responsibility. He said the economy is expected to avoid sliding into a triple-dip recession in the first quarter of 2013. The forecast for GDP growth ...