Economy : Page 878

Indian wholesale prices drops for 17th straight month

April 20, 2016 Indian wholesale prices fell by 0.85 percent year-on-year in March of 2016, as compared to a 0.91 percent drop in February.

Bank of Korea holds base rate steady for 10th month

April 20, 2016 South Korean Monetary Policy Committee decided to leave the base rate steady for the 10th straight month at record low of 1.5 percent.

Poland GDP growth hits 8-year high boosted by public spending

April 20, 2016 The Polish economy expanded by 1.5 percent on quarter in the three months to December of 2015, following an upwardly revised 1.0 percent growth in the previous quarter.

New Zealand inflation rate matches expectations

April 20, 2016 Consumer prices in New Zealand increased 0.4 percent year-on-year in the first three months of 2016, accelerating from a 0.1 percent rise in the previous quarter.

Hong Kong jobless rate 3.4%, highest in three years

April 20, 2016 The seasonally adjusted unemployment rate in Hong Kong increased to 3.4 percent three months to March of 2016, after staying at 3.3 percent for eight consecutive periods, the highest since late 2013.

Russian private sector reduced capital outflow almost 5 times

April 19, 2016 According to the Bank of Russia estimation, net capital outflow of the private sector was $7 billion in 2016 Q1, a 4.5 times decrease versus the respective period of the past year.

Australian economy fairing well amid economic conditions

April 19, 2016 Australia is fairing well against the global economy, according to a key report.

U.S. economic growth outlook remains little changed

April 19, 2016 Economic growth stalled during the first quarter of 2016 but the full-year outlook remains little changed at 1.9 percent.

Indonesia trade surplus narrows to $490m in March

April 19, 2016 Indonesia recorded a $490 million trade surplus in March of 2016, down sharply from a $1,020 million surplus reported a year earlier.

Singapore's external trade down 15.6% in March

April 19, 2016 Singapore's non-oil domestic exports (NODX) decreased by 15.6 percent in March year-on-year, said the International Enterprise (IE) Singapore.

IMF: Latin America can expect 2-speed economy

April 18, 2016 The economy of Latin America and the Caribbean will contract some 0.5 percent this year, the International Monetary Fund said Tuesday, though the northern part of the region is set to fare notably better than the south.

Brazilian government expects no surplus in 2017

April 18, 2016 The Brazilian federal government forecast for the primary surplus (savings to pay for interest rates on the public debt) is of 0.1% of the Gross Domestic Product (GDP) for the consolidated public sector in 2017.