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South Korean economy expands 0.9pc in Q1 SEOUL: South Korea's economy grew by 0.9 percent for the second consecutive quarter as exports remained solid but domestic spending stalled, state data showed Thursday.Asia's fourth-largest economy recorded a seasonally-adjusted, on-quarter expansion of 0.9 percent during the January-March period, the central Bank of Korea said.The rate was the same as the growth figure for the fourth quarter of 2013, but lower than the market forecast of 1.0 percent.On year, it expanded by 3.9 percent -- the highest since the first quarter of 2011 and accelerating from the previous quarter's 3.7 percent gain.Exports, which account for about half of the country's economy, expanded 1.7 percent on quarter on strong shipments of electronics.But growth in domestic spending slowed to 0.3 percent, down from 0.6 percent in the fourth quarter of last year.Investment on corporate infrastructure also fell 1.3 percent, shrinking for the first time since the fourth quarter of 2012. The central ...

Mexico inflation seen cooling further in early April MEXICO CITY: Mexican annual inflation likely eased further in early April, backing expectations that policymakers will leave interest rates on hold this year to bolster a wobbly economic recovery.Inflation for the 12 months through the first half of April was seen easing to 3.55 percent, according to the median of 10 analysts polled by Reuters, down from a 3.89 percent rate in the first half of March and a 3.76 percent rate for the full ...
France deficit plan treads fine line, betting on growth PARIS: France outlined a slower roadmap on Wednesday to reduce its chronic deficit to the European Union's treaty limit next year, based on growth assumptions described by an independent watchdog as risky.Europe's second-biggest economy, with the highest public spending quota in the EU, is a serial laggard where recovery and public finances are concerned.It has already been granted a two-year extension until 2015 on the original deadline to bring its public deficit below the ceiling ...
China to open new areas to private investors: Xinhua BEIJING: China will launch 80 new pilot projects allowing private investment in areas previously dominated by state-run firms, official media reported on Wednesday.The report follows an earlier Communist Party pledge to let markets play a greater role in allocating capital, seen as a key step towards rebalancing the world's second-largest economy to ensure sustainable growth.The pilot projects cover areas including transport infrastructure, oil and gas pipelines, renewable energy and the coal, chemical and petrochemical sectors, ...
Britain's annual deficit below target: official data LONDON: Britain's annual deficit came slightly under the government's target, official data showed on Wednesday, against a backdrop of economic recovery and cuts to state spending.The coalition had a net borrowing of 107.7 billion pounds ($181 billion, 131 billion euros) in the year to the end of March, the lowest level since the height of the financial crisis in 2008/09, the Office for National Statistics said in a statement.It was also just under the Conservative-Liberal ...
French growth to reach 1pc in 2014, rising to 2.25pc in 2017: govt PARIS: France is expected to post growth of 1 percent in 2014 and 1.7 percent in 2015, the government said Wednesday. Output growth is then expected to expand to 2.25 percent for the following two years, the government added, as it announced a slew of measures to stabilise its public finances.Copyright AFP (Agence France-Presse), 2014 ...
Spain sees stronger economic outlook in 2014-15 MADRID: Spain's government forecast Wednesday faster economic growth in the next two years as the nation emerges from a long downturn with unemployment still topping 26 percent.Economy Minister Luis de Guindos said the eurozone's fourth-largest economy would expand by an average of 1.5 percent in 2014 and 2015. The government's official forecast is for growth of 1.0 percent in 2014 and 1.5 percent in 2015.Copyright AFP (Agence France-Presse), 2014 ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln