The European Central Bank (ECB) is feeling more optimistic about growth in the eurozone, having raised its forecast for GDP growth to between 1.4% and 1.8% for 2010, and between 0.5% and 2.3% in 2011. Explaining the revision, ECB president, Jean-Claude Trichet, said: “Euro area real GDP grew strongly...
Posted to
Finance
on 09-03-2010
Filed under: All Financial News, Economy News, European Central Bank, ECB, inflation, interest rates, exports, GDP, growth, recovery, eurozone
The US Institute for Supply Management (ISM) has offset fears of a double dip recession in America by reporting a rise in its index of factory activity, to 56.3 in August, up from 55.5 in July. A reading in excess of 42%, over a period of time, generally indicates an expansion of the overall economy...
Posted to
Finance
on 09-02-2010
Filed under: All Financial News, Economy News, index, US economy, growth, employment, Institute for Supply Management, double-dip" recession, factory activity
Latest figures from the Australian Bureau of Statistics show the country’s GDP growing by 1.2% in the second quarter of 2010, compared with 0.7% in the previous three month period. The spurt, which was driven by a 1.6% increase in household expenditure and an increase in exports of 5.6%, puts economic...
Posted to
Finance
on 09-01-2010
Filed under: All Financial News, Economy News, Australia, exports, GDP, growth, 2010, second quarter, Australian
India saw its economy grow by 8.8% in the three months to the end of June, when compared to a year earlier. GDP forged ahead at its fastest pace in over two years with the sectors registering significant growth, compared with the previous three month period, as follows: manufacturing 12.4%; trade, hotels...
Posted to
Finance
on 08-31-2010
Filed under: All Financial News, Economy News, inflation, GDP, India, growth