Economy : Page 941

Singapore economy to grow by close to 2 percent in 2015

November 27, 2015 The Ministry of Trade and Industry (MTI) said that it expects the Singapore economy to grow by close to 2 percent in 2015, and by 1 to 3 percent in 2016.

Germany continues moderate growth, GDP up 0.3%

November 27, 2015 The German economy has shown continued moderate growth. As the Federal Statistical Office (Destatis) reported, the gross domestic product (GDP) increased 0.3% - upon price, seasonal and calendar adjustment - in the third quarter of 2015 compared with the previous quarter.

Fitch: Public-private partnership to improve infrastructure in China

November 27, 2015 China's public-private partnership (PPP) model will improve infrastructure project-funding and is likely to drive new contract growth for construction companies in 2016, Fitch said.

World Bank Group: $16 billion for Africa to tackle climate challenges

November 27, 2015 The World Bank Group unveiled a new plan that calls for $16 billion in funding to help African people and countries adapt to climate change and build up the continent’s resilience to climate shocks.

South Korean consumer confidence going up, industry down

November 27, 2015 Confidence among South Korean consumers over economic outlook improved for five months in a row thanks to fiscal and monetary stimulus, central bank data showed.

Australian capital expenditures decreased 9.2 percent

November 27, 2015 The Australian dollar has fallen on official capital expenditure figures that were far below market expectations, likely impacting on Australia's GDP.

Conference Board index for Euro Area increased 0.4%

November 27, 2015 The Conference Board Leading Economic Index (LEI) for the Euro Area increased 0.4 percent to 108.2 (2010=100) in October, following no change in September and a 0.1 percent increase in August.

Ukraine’s treasury deficit to total 7.3% of GDP

November 27, 2015 Ukraine’s Finance Ministry expects treasury deficit to stand at 7.3% of GDP by the end of 2015, the Minister Natalie Jaresko wrote in an article published in Ukrayinska Pravda.

Developing countries face $270 billion more to adapt to climate change

November 26, 2015 Developing countries will need to pay an additional $270 billion more each year to adapt to the impacts of climate change if COP21 fails to elicit increased global pledges to cut greenhouse gas emissions, according to Oxfam.

Risk exposure exceeds 75% of world GDP at important banks

November 26, 2015 The world's 30 most systemically risky banks have risk exposure that amounts to 76.7% of worldwide gross domestic product.

Advancing women’s equality can add $12 trillion to global growth

November 26, 2015 Gender inequality is not only a pressing moral and social issue but also a critical economic challenge.

South Africa grew lower than expected in Q3

November 26, 2015 South Africa's economy grew lower than expected in the third quarter but avoided a technical recession, helped by a recovery in the key manufacturing sector.