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Taiwan's economy slows in fourth quarter 2014 TAIPEI: Taiwan's economic growth slowed in the three months to December in 2014 due to lower-than-expected overseas demand for goods and weaker domestic spending, government estimates showed Friday.The Taiwanese economy grew 3.17 percent in the fourth quarter year-on-year, lower than the previous three quarters but better than a forecast of 2.83 percent made in November, said the Directorate General of Budget, Accounting and Statistics.Exports in the period rose only 0.45 percent as declining demand for gasoline, diesel and plastic products cancelled out growth in electronic goods, machinery and metals, the agency said.Private consumption grew a lower-than-expected 2.33 percent in the last quarter, hit by several food scandals.This was despite a string of new smartphones boosting retailers and campaign spending for Taiwan's local elections in November, it said.Full-year GDP growth for 2014 was estimated at 3.51 percent, higher than a November forecast of 3.43 percent, putting Taiwan on course to enjoy ...

Spanish economy grows by 1.4pc in 2014 MADRID: Spain's recovering economy grew by 1.4 percent in 2014, provisional official data showed Friday, after shrinking by 1.2 percent in the previous year but remains plagued by mass unemployment.It is the first time there has been full-year economic growth in Spain since 2008 when a labour-intensive property bubble collapsed, pushing millions of people out of work.Growth accelerated in the fourth quarter to 0.7 percent from 0.5 percent in the third quarter, according to provisional ...
Japan inflation slows to 2.5pc year-on-year in December TOKYO: Japanese core consumer inflation slowed for a fifth straight month in December on lower energy costs and slack consumer spending, according to data released Friday.Inflation in December, excluding volatile prices of fresh food, rose from year-earlier levels to 2.5 percent, less than the 2.7 percent recorded in November, data from the internal affairs ministry showed.Prices rose largely because the government raised sales tax from 5.0 percent to 8.0 percent on April 1, which drove ...
Japan inflation slows again in December as spending drops TOKYO: Japan's inflation rate slipped again in December, data showed Friday, as weak consumer spending and lower energy prices weighed, dealing more challenges to Tokyo's war on deflation.But a slate of figures released Friday also show that unemployment hit a 17-year low and factory output turned positive last month, suggesting the recession-hit economy may be turning a corner, economists said.Japan's core consumer inflation slowed for a fifth straight month in December, as the internal affairs ...
Nigeria sees 2015 GDP growth at 5.54pc LAGOS: Nigeria expects economic growth this year to be 5.54 percent, down from an estimated 6.23 percent for 2014, after the government trimmed its expenditure following a slump in the price of oil, the statistics office said on Thursday. Inflation in Africa's biggest economy is expected to rise this year to 8.78 percent, up from an estimated 8.0 percent last year, the National Bureau of Statistics said in its outlook for 2015, driven by the ...
Canada regulator says wireless providers must treat content equally TORONTO: Canadian companies that own both television content and wireless networks will no longer be allowed to send their own content to customer mobile devices without it counting against monthly limits on the amount of data customers use, the country's telecom regulator said on Thursday.The issue echoes broader debate on the merits of what is often called net neutrality, the principle that Internet providers and governments should treat all data on the Internet equally. It ...
Iraq cuts budget due to falling oil prices BAGHDAD: Iraq cut its 2015 budget Thursday by nearly $3 billion (2.7 billion euros) due to the falling price of oil, on which its government is almost entirely dependent for revenue.MPs approved a budget of $99.6 billion, down from the $102.5 billion the cabinet proposed last month.The projected oil price was also lowered from $60 to $56 a barrel, while the expected deficit rose from $19.1 billion to $21.1 billion.The final vote came at the ...


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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 $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln