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EU summit on economy in Italy October 6: Hollande PARIS: French President Francois Hollande announced on Saturday that EU leaders would hold a summit in Italy in early October aimed at boosting growth and jobs in the bloc."We supported the proposal of (Italian Prime Minister) Matteo Renzi to have a summit of the 28 (EU member states) in Italy on October 6," Hollande told reporters after a meeting of centre-left leaders in Paris.Copyright AFP (Agence France-Presse), 2014 ...

South Africa's trade balance at -6.9 billion rand in July JOHANNESBURG: South Africa's trade deficit widened more than expected to 6.88 billion rand ($648 million) in July, from a 190 million rand shortfall in June, data from the South African Revenue Service showed on Friday. Economists had expected a 3.2 billion rand gap, but the number is volatile and hard to forecast. Exports rose 6.8 percent to 85.37 billion rand and imports increased 14.7 percent to 92.26 billion rand. The data brings the cumulative deficit ...
Canada economy picks up in Q2 OTTAWA: Canada's economy picked up momentum in the second quarter after starting the year in a slump, with activity increased in most sectors, the government statistical agency said Friday.Growth rose to 0.8 percent, from 0.2 percent in the first three months of the years, Statistics Canada said.At an annualized rate, gross domestic product (GDP) was 3.1 percent -- "a full four ticks stronger than what was expected by the street," noted CIBC World Market economist ...
India's economy grows 5.7pc in Q1, highest in 2 years NEW DELHI: India's economy grew by 5.7 percent in the first financial quarter, its fastest pace in over two years, data released Friday showed, as the election of a new right-wing government spurred investor confidence.The economy's strong expansion in the three months to June beat the consensus market forecast of 5.5 percent growth and marked the clearest sign yet that Asia's third-largest economy is accelerating out of a long slowdown, economists said.Copyright AFP (Agence France-Presse), ...
Brazil in technical recession as Q2 GDP slides RIO DE JANEIRO: Brazil is in technical recession after the country's national statistical institute unveiled a 0.6 percent drop in second quarter GDP on Friday, while revising the Q1 figure down from 0.2 to -0.2 percent.The figures, coming barely a month before the country goes to the polls for presidential and elections, will worsen already low industrial and consumer confidence in Latin America's biggest economy.Copyright AFP (Agence France-Presse), 2014 ...
Eurozone inflation falls to 0.3pc: Eurostat BRUSSELS: Eurozone inflation fell again in August to 0.3 percent, official EU data showed on Friday, bringing the threat of a deflationary spiral dangerously close.The data will be seen as adding pressure on the European Central Bank to relax its monetary policy further. Eurostat also reported that the eurozone unemployment rate was steady at 11.5 percent in July.Copyright AFP (Agence France-Presse), 2014 ...
India's new government spurs faster growth: forecasts NEW DELHI: Figures out Friday are expected to show India's faltering economy grew at its fastest pace in over two years in the first financial quarter, as the election of a new right-wing government spurred confidence.India has been mired in its longest spell of sub five-percent growth in a quarter-century.But analysts say the economy appears to be gaining steam after the Bharatiya Janata Party (BJP)'s election victory, powered by increased consumer and investor confidence.Economists surveyed ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln