Economy : Page 935

IMF warns UK growth could suffer due to EU vote

December 12, 2015 Uncertainty about the outcome of Britain's referendum on leaving the European Union could hurt its economy, the International Monetary Fund said.

South Korea's USD deposits reduce first time in 5 months

December 12, 2015 The U.S. dollar-denominated deposits in South Korea reduced for the first time in five months, central bank data showed.

China FDI inflow rises 1.9%, projects worth $315bn approved

December 12, 2015 Foreign direct investment (FDI) into the Chinese mainland rose 1.9 percent year on year to 64.9 billion yuan ($10.1 billion) in November, the Ministry of Commerce said.

UN predicts modest global economic growth for next two years

December 11, 2015 The world economy is projected to grow by 2.9 percent in 2016 and 3.2 percent in 2017, said a UN report here Thursday, attributing the modest economic growth to a number of cyclical and structural headwinds.

SEZs can play catalytic role in Asia's economic development

December 11, 2015 Special Economic Zones (SEZs) can facilitate trade, investment, and policy reform in Asia at the time the region is experiencing a slowdown in trade, said Asian Development Bank (ADB).

Ireland to be world's fastest-growing developed economy again

December 11, 2015 Ireland remains on course to be the world's fastest-growing developed economy for the second straight year, recording an expansion during the third quarter that outpaced that of China.

GDP per capita in the EU28 almost on pre-crisis level

December 11, 2015 The global financial crisis triggered a deep recession in 2008 and 2009, the deepest since the Great Recession of the early 1930s.

Core business sales can't support 220,000 new jobs monthly

December 11, 2015 October’s core business sales fell by -0.3% from September 2015 and were up by merely 1.3% from October 2014.

Power sector pivotal to inclusive growth in Zambia

December 11, 2015 Zambia’s growth is expected to fall below 4% in 2015 after years of 6.4% average growth between 2010 and 2014, according to the sixth World Bank Zambia Economic Brief.

UK's trade deficit in goods and services widens

December 11, 2015 The UK's deficit on trade in goods and services was estimated to have been £4.1 billion in October 2015, a widening of £3.1 billion from September 2015.

East Asia aging faster than any other region in history

December 11, 2015 East Asia is aging faster than any other region in history, and some economies could lose as much as 15% of their working-age population by 2040, according to a World Bank report.

U.S. small-business owners losing optimism

December 10, 2015 U.S. small-business owners continue to be less optimistic about their financial situations in the fourth quarter than they were at the beginning of 2015.