Economy : Page 934

G20 GDP growth stable at 0.7% in Q3 2015

December 15, 2015 Real growth of Gross Domestic Product (GDP) in the G20 area remained stable at 0.7% in the third quarter of 2015, for the third consecutive quarter, but with diverging patterns across countries, according to preliminary estimates.

Fed rate rise good for U.S., emerging markets face risks

December 15, 2015 A potential increase in short-term interest rates by the Federal Reserve after this week's FOMC meeting would confirm that the U.S. economic expansion remains on track.

China's fiscal revenue growth quickens

December 15, 2015 China's fiscal revenue rose 11.4 percent year on year in November, quickening from an 8.7-percent rise seen in October, the Ministry of Finance said.

RMB to remain stable against basket of currencies

December 15, 2015 China's central bank said the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated.

U.S. retail sales rise more than expected in November

December 14, 2015 U.S. consumers spent less in November than analysts had expected, especially on cars and petrol. Retail sales volumes grew by 0.2% month-on-month to reach $448.1bn, according to the Department of Commerce.

University of Michigan consumer sentiment nudges up in December

December 14, 2015 The University of Michigan's consumer sentiment index rose to 91.8 in December from 91.3 in November.

China sees more signs of improvement, retail sales up 11.2%

December 14, 2015 New macroeconomic indicators have suggested stabilization in the Chinese economy and that China is on track to meeting the government's growth target for 2015.

Private consumption to stay main pillar of Hong Kong's economy

December 14, 2015 Hong Kong’s economy is holding up reasonably well despite its substantial dependence on exports that are adversely affected by weaker global and Chinese demand.

Consumption per capita varied between 51% and 141% of EU average

December 14, 2015 Actual Individual Consumption (AIC) is a measure of material welfare of households. Across the EU members in 2014, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 51% of the EU average in Bulgaria to 141% in Luxembourg.

Russia's budget deficit to reach $21 billion in 2016

December 14, 2015 Russia's budget deficit is expected to reach 1.5 trillion rubles ($21.7 billion) in 2016 with an oil price baseline of $40 a barrel, Deputy Finance Minister Maxim Oreshkin said.

Indian economy suffers $3bn loss from floods amid low insurance penetration

December 14, 2015 Impact Forecasting, Aon Benfield's catastrophe model development team, launches the latest edition of its monthly Global Catastrophe Recap report.

Brazilian crops to go down, trade surplus to double

December 12, 2015 The Brazilian Institute of Geography and Statistics (IBGE) estimates a 209.3 million ton crop of cereals, pulses and oilseeds for next year.