Economy : Page 855

India the fastest growing economy during global recession

May 30, 2016 Finance Minister Arun Jaitley said that India is the fastest growing economy during the global recession, adding that it can grow at the rate of 8-9 percent in the years to come.

Spain's retail sales growth eases in April

May 30, 2016 Spain's retail sales grew at a slower pace in April, the statistical office INE reported.

Moody's: South African banks' outlook goes back to negative

May 30, 2016 Moody's lowered its outlook for the South African banking system to negative from stable, citing deteriorating operating conditions over the next 18 months, sending shares across the sector lower.

Indonesia's annual inflation expected to ease in May

May 30, 2016 Indonesia's consumer price index is projected to increase at a slower pace in May on a yearly basis as unprocessed food prices drop.

Egypt GDP growth for H1 2015-2016 4.5 percent

May 30, 2016 Egypt's economy grew 4.5 percent in first half of 2015/2016 fiscal year, down from 5.5 percent growth in the previous year, the country's planning minister said.

U.S. economic growth revised higher in first quarter

May 28, 2016 U.S. economic growth slowed in the first quarter although not as sharply as initially thought.

Taiwan cuts GDP forecast to 1.06 percent

May 28, 2016 Taiwan's official statistics agency has lowered its forecast for Taiwan's gross domestic product (GDP) growth for 2016 to 1.06 percent.

Household electricity prices in EU increased 2.4%

May 28, 2016 In the European Union (EU), household electricity prices rose by 2.4% on average between the second half of 2014 and the second half of 2015 to reach 21.1 euros per 100 kWh. Since 2008, electricity prices in the EU have risen by 33%.

Retail sales in Sweden increased by 1.7 percent

May 28, 2016 The retail trade sales volume in Sweden increased by 1.7 percent in April compared with the same month last year.

Consumer prices in Japan fall for 2nd month

May 28, 2016 Consumer prices in Japan dropped by 0.3 percent year-on-year in April of 2016, compared to a 0.1 percent fall in March.

Yellen says Fed could raise rates in coming months

May 27, 2016 Speaking at Harvard University, U.S. central bank chief Janet Yellen hinted there could be an interest rate hike sometime this summer as long as the economy and the jobs market continued to grow.

Canada’s federal budget sinks to C$1.96 billion deficit

May 27, 2016 Canada’s federal budget swung back into deficit for the fiscal year that ended in March as program spending rose faster than tax revenue.