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GDP News

Canada’s GDP contracts for the first time in almost a year

After a flat Gross Domestic Product (GDP) reading of 0.0 percent in July, Canada's GDP for August unexpectedly fell by 0.1 percent month-over-month, according to the latest report from Statistics Canada.

Goldman Sachs — Trump tax cuts will have little effect on growth

New York City - The GOP's tax reform plan would only increase economic growth by about 0.1 to 0. percentage points over the next two years, according to a report issued by Goldman Sachs. And any savings would be spent on technology and not on hiring more employees.

China's economy slows in second quarter: AFP survey

Bejing - China's economy lost momentum in the second quarter, a survey shows, as Beijing's efforts to curb risky lending and investment took a toll on the Asian powerhouse. The world's second-largest economy expanded by 6.

Brazil exits recession -- but only just

Rio De Janeiro - Brazil emerged from its worst ever recession in the first quarter of 2017, officials said Thursday, but political turmoil continued to threaten the weak recovery.

Brazil posts first economic growth in two years: official

Rio De Janeiro - Brazil's economy grew by one percent in the first quarter of 2017, ending eight consecutive quarters of shrinkage in the country's worst recession in history, the state statistics office said Thursday.

Mexico economy survives Trump's first 100 days

Mexico - The Mexican economy has fared better than expected under the uncertainty caused by US President Donald Trump's first 100 days in office, with GDP up 0.6 percent in the first quarter.

Japan economy contracted 7.1 percent in Q2

Preliminary estimates of the economic situation in Japan have been revised further down, despite extraordinary attempts to stimulate the economy.

Revised data shows Cyprus economy shrinking less than thought

Nicosia - Cyprus's recession-hit economy contracted by 0.8 percent in the fourth quarter of 2013, a slight improvement on the 0.9 percent drop in the previous three months, revised official data showed Tuesday.A flash estimate issued last month had the economy d...

China aims for 7.5 percent economic growth in 2014: Premier Li

China aims to grow its economy by about 7.5 percent in 2014 and to keep consumer inflation around 3.5 percent for the year, Premier Li Keqiang said on Wednesday as the country began its annual meeting of parliament, the National Peo...

Canada economy grew faster than expected, dims rate cut talk

Canada's economy grew more than expected in the fourth quarter of 2013, a development that could help kill off any remaining market chatter that the Bank of Canada might cut interest rates to boost gro...

Brazil posts 2.3% GDP growth for 2013

Bras - Brazil's economic output grew 2.3 percent in 2013 for a third straight year of modest expansion by Latin America's biggest economy, the government said Thursday.Gross domestic product growth for the final quarter of the year rose a brisker-than-expecte...

Spanish economy trundles on in fourth quarter

Spain's economy grew between October and December as domestic demand and investments improved, data showed, adding to signs that its recovery from recession is slowly gaining traction.

Foreign trade drives fourth quarter German growth as domestic demand disappoints

Foreign trade propelled growth in Europe's largest economy in the fourth quarter while domestic demand, which had been a key growth driver throughout the rest of the year, was a drag.

Japan economy logs best growth in three years

Tokyo - Japan's economy put in its best performance in three years during 2013, expanding by 1.6 percent as Prime Minister Shinzo Abe's growth blitz rippled through the world's number-three economy.But the annual figure was only modestly ahead of the expansion...

Euro zone recovery accelerates more than expected in fourth quarter

The euro zone economy grew more than expected in the last quarter of 2013 thanks to stronger expansion in its biggest countries France and Germany, the first estimate from the European Union's Statistics Office showed on Friday.

Japan's fourth-quarter Q4 growth seen quickening on shopping spree before tax hike

Japan's economic growth is expected to have quickened at the end of last year as consumers ramped up spending ahead of a planned sales tax hike, but analysts say that Tokyo may have to inject fresh stimul...

Will Britain end up in a recession?

Technically speaking a recession can be defined as two or more successive quarters of negative GDP growth. The UK's fourth quarter of 2011 has revealed a small contraction and now the government will be pressured to report a small rise in Q1 of 2012.

Op-Ed: Avoiding the Day of Reckoning

The old tools we used to improve the economy do not seem to work these days. Globalization is a prime suspect in America's current predicament.

US Mayor's Conference - no good news until 2020 for some

The non-partisan United States Conference of Mayors has issued a report with a mixed bag of good news and bad news for Metro areas. The bad news is very bad news.

Brazil GDP up 1.3% in first quarter

As announced by the Brazilian government this past Friday, the country’s GDP rose 1.3% (compared to the previous quarter) following the first quarter of 2011.

Op-Ed: Canada's deflating economy

Hamilton - How has Canada's economy done since the recession began in mid 2008? Without government borrowing huge amounts of money to bolster the economy, it has been merely bad rather than disastrous. However, the trend cannot continue

Inside Bahrain's poor communities Special

Manama - “Bahrain is not Egypt” is a sentence that has been uttered frequently in recent weeks. While this is true, there are many Bahrainis who live in less than comfortable conditions.

GDP becoming irrelevant to Main Street?

Researchers believe that the Gross Domestic Product may be obsolete. An improved economic picture may be acquired with Genuine Progress Indicator (GPI), a new metric that accounts for variables such as environmental quality and livable communities.

China Registered 10.7% Growth in Last Quarter of 2009

Fueled by soaring revenues from exports, China continues to grow at an unprecedented rate as the economy hit a 9.7% growth during the last quarter of the year for an overall 8.7% growth rate for the year just ended

Survey: France one of the most productive countries on earth

Wealth Management firm UBS has released the results of a survey that shows the French work fewer hours than anyone else in the world, yet they're also among the most productive.

Canadian GDP drops in May

Statistics Canada reports real gross domestic product (GDP) decreased 0.5% in May, a faster rate of decline than in the previous three months.

China's GDP surges with pain

The Chinese government reported its gross domestic product enjoyed a growth of 7.9 percent year on year in the second quarter.

A Visual Snapshot of the US Economy

Inside a visual representation of the health of the American economy. The charts show no adjustments, manipulations, alterations or exemptions - just the bare government figures. These figures are much worse than reported.

Op-Ed: Economics and War and Comfort Food and Black Ice - a Wintry Mix

At a city's corners and under the advertisements of a pub there are the colder strokes of economics and of world war. March brings a wintry mix.

US GDP down 3.8%, worst since 1982

In its reportedly worst show since 1982. the United States GDP has slide to 3.8 pe rcent. There are further reports that the promises for inventory buildup will cause another poor showing in current quarter.
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GDP Image

Comparison of debt in countries with the Euro as currency
Comparison of debt in countries with the Euro as currency
Following a 0.2 percent dip in July  the manufacturing sector contracted 1.0% in August as both dura...
Following a 0.2 percent dip in July, the manufacturing sector contracted 1.0% in August as both durable and non-durable manufacturing declined.
Statistics Canada
World map showing countries by nominal GDP per capita in 2008.
World map showing countries by nominal GDP per capita in 2008.
Ahmed and Fatma receive BD30 (approx. £49) per moth in government support each month.
Ahmed and Fatma receive BD30 (approx. £49) per moth in government support each month.
Real gross domestic product edges down in August
Real gross domestic product edges down in August
Statistics Canada
Russian military expenditures were slightly higher than U.S. military spending in 2014.
Russian military expenditures were slightly higher than U.S. military spending in 2014.