Economy : Page 940

Weak commodity prices are key to weakness worldwide

December 1, 2015 The IMF is projecting growth of 3.1 percent this year, down from 3.4 percent in 2014 and rising to 3.6 next year.

The world is entering third phase of globalization

November 30, 2015 The world is entering a third phase of globalization that will boost trade, change the way companies work and improve the quality of life of millions of people, according to HSBC.

German foreign direct investment shifted to emerging markets

November 30, 2015 German foreign direct investment (FDI) is increasingly located in emerging markets. Improved macro-economic conditions and a superior growth outlook have been the main reasons for that.

Eurozone consumer confidence hits four-year high in November

November 30, 2015 Economic confidence in the Eurozone reached its highest level in over four years in November, new figures showed.

Consumer prices in Japan down for the 3rd month, jobless rate fell

November 30, 2015 The Japanese Internal Affairs Ministry said the country's consumer prices fell 0.1 percent in October from a year earlier, down for the third straight month.

Indonesia to see highest budget deficit, aims to boosts tourism

November 30, 2015 Indonesia's budget deficit is expected to reach at 2.7 percent of its GDP this year in the worst case scenario.

Albanian wage index increases 7.6 percent in Q2

November 30, 2015 Albania's wage index increased by 7.6 percent during the second quarter of this year compared to the same period last year, the Bank of Albania said.

6.3% of tax revenues in the EU came from environmental taxes

November 28, 2015 In the European Union (EU), environmental taxes amounted to €330.1 bn in 2013, compared with €272.1 bn in 2003.

UK third quarter GDP in line with expectations

November 28, 2015 The UK economy grew in line with expectations in the third quarter, data released on Friday showed.

The euro area financial system is resilient

November 28, 2015 The euro area financial system has been resilient through occasional bouts of financial market volatility in the second half of the year, according to the ECB’s latest Financial Stability Review.

Spain's economy grows 0.8 percent in Q3

November 28, 2015 Spain's economy grew 0.8 percent between July and September of 2015, two tenths lower than 1 percent between April and June, the National Statistics Institute, or INE, reported.

Emerging East Asia’s bond markets stable but face liquidity, growth risks

November 28, 2015 Yields on bonds in emerging East Asian markets have declined in recent months as concerns about a US Federal Reserve rate hike eased and as inflationary pressures remained largely muted.