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US economy grew 3.5% in third quarter
The US government announced on Thursday that the country’s economy grew 3.5 per cent in the third quarter, bouncing back from a year of contraction and igniting the hopes to bouncing back totally out of recession. The annual growth reported by the Commerce Department of the government reflected a clear and the strongest expansion since... »
Japan’s GDP shrinks 15.2%
Japan’s economy shark at the fastest pace in nearly 14 years, since 1955, by almost 15.2 per cent as its exports plunged sharply. Many of the Japanese countries, from all sectors of the market, slashed their production due to slump in global demand, shut factories, cut its workforce in their attempt to come up with... »
US economy shrinks at 6.2% pace in Q4
According to the US Commerce Department’s report released on Friday, the recession ridden economy of the country plunged at a stunning 6.2 per cent in the fourth quarter of the previous financial year, 2008. This fourth-quarter decline was not only the sharpest since the first quarter of 1982 but also far worse than the 5.4... »
UK slips into recession
It’s now official. Going by the GDP figures released by the British government on Friday, UK’s economy has now slipped into recession, first time since the last 18 years, following two consecutive quarters of negative growth. After a 0.5% decline in the gross domestic product (GDP) in the third quarter in 2008, the British... »
India’s GDP to further decline by 0.6 pc in FY 2009-10
For those advocating that the impending recession in US would not hit India, here comes the shocker of news. The Indian Gross Domestic Product (GDP) is set to decline to 6.5 pc in the financial year 2009-10, down by 0.6 percent from the year 2008-09. CEOs Survey based GDP growth forecast done by Associated Chamber... »
China’s Growth Rate Slides Below 10%
In a sign that the recent global finance crisis may have had some effect on every economy, China’s growth rate dipped below 10% for the first time in several years of high-speed development. The Chinese government announced on Monday that the growth of the nation’s gross domestic product had fallen to 9.9% in the third... »
