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South Korea foreign trade weakens for Dec 1-20 period SEOUL: South Korean exports and imports both weakened for the first 20 days of this month over a year earlier, customs data showed on Sunday, adding to concern about a shaky recovery of Asia's fourth-largest economy. South Korean exports during the Dec. 1-20 period fell 0.7 percent to $30.273 billion over the comparable period last year while imports dropped by a sharper 7.4 percent to $28.626 billion, the Korea Customs Service data showed. The customs agency only released the total value on its website without elaborating. Thomson Reuters calculations show that in terms of the average value per working day, exports for the Dec. 1-20 period this year were 3.7 percent less than a year earlier and imports were 10.2 percent less. The government is due to release export and import figures for the whole of December on Jan. 1, as the first major exporting economy in the world to ...

Bulgaria approves 2015 budget targeting 3pc/GDP fiscal deficit SOFIA: Bulgaria's parliament approved a state budget bill on Saturday that aims to reduce the fiscal deficit to 3 percent of the gross domestic product from a revised 3.7 percent this year.The bill assumes that Bulgaria's economic growth in 2015 will stand at 0.8 percent, down from 1.5 percent in 2014, mainly due to an expected slowdown in the euro zone, the Balkan country's key trading partner."I will not claim that it is a good ...
Argentina 2014 primary fiscal deficit to be 1.35pc of GDP BUENOS AIRES: Argentina will post a primary fiscal deficit, which excludes interest payments, of 56 billion pesos ($6.55 billion), or 1.35 percent of GDP in 2014, the country's cabinet chief Jorge Capitanich said on Friday. The leftist government of President Cristina Fernandez has used high state spending in an attempt to sustain domestic demand in the stagnating economy and to finance costly energy and transport subsidies as well as social welfare programs. "The primary fiscal ...
Brazil current account deficit climbs to highest in 13 years BRASILIA: Brazil's trailing 12-month current account deficit climbed to its highest in more than a decade in November, highlighting the erosion in the country's external accounts as dwindling commodity prices hurt its trade balance. In the 12 months through November, Brazil's current account deficit was equivalent to 4.05 percent of its gross domestic product, the highest since December of 2001. The country's current account gap was $9.333 billion in November, surpassing market forecasts for a ...
Canada annual inflation rate cools to 2pc in Nov OTTAWA: Canada's annual inflation rate cooled in November as gasoline prices tumbled, bringing the rate in line with the Bank of Canada's targeted level, data from Statistics Canada showed on Friday. The annualized inflation rate pulled back to 2.0 percent from October's strong 2.4 percent, falling short of economists' forecasts for 2.2 percent. Core inflation, which strips out volatile items and is closely watched by the Bank of Canada, pulled back to 2.1 percent, which ...
Turkish inflation expectations improve but no immediate rate cut seen ISTANBUL: Oil and commodity price falls have helped bring down inflation expectations in Turkey, a central bank survey showed on Friday, although economists expect no immediate interest rate cuts.The average forecast for year-end inflation fell to 9.02 percent from November's 9.22 percent in the bank's monthly survey of business leaders' and economists' expectations. Inflation in 12 months' time was seen at 7.21 percent, down from 7.5 percent in last month's survey. But despite the optimism, ...
Indonesia's October loan growth slows to 12.6pc JAKARTA: Indonesia's loan growth in October slowed to 12.6 percent from a year earlier, compared with 13.2 percent in September, the financial services authority said on Friday.Loan growth has slowed since the central bank tightened monetary policy from June to November last year, raising the benchmark interest rate 175 basis points to 7.5 percent.Bank Indonesia in November raised interest rates for the first time in a year, increasing it by 25 basis points to 7.75 ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln