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Germany risks recession, in Bundesbank's bleak outlook FRANKFURT: Germany risks coming dangerously close to recession, the central bank said on Monday in a forecast that predicted little or no economic growth in the second half of the year.In the Bundesbank's gloomy assessment, the euro zone's biggest economy will stay weak, compounding the problems of the 18-country bloc, where the economy is already slowing to a virtual halt.In its monthly bulletin, the Bundesbank predicted little improvement to Germany's recent weak performance, cautioning that the year would also end on a 'modest' note.In the three months from April to June this year, Germany's economic output shrank by 0.2 percent. Contracting in the third quarter would put the economy in recession."The total economic result should be on the level of the second quarter or even slightly higher," the Bundesbank said of the third quarter. "Given the weak orders and the downbeat mood among companies, the outlook for the final quarter ...

India's finance ministry wants to reimpose curbs on gold imports NEW DELHI: India's Finance Ministry has written to the central bank to consider reimposing some restrictions on gold imports after inbound shipments surged in the last few months, widening the trade deficit, the Economic Times reported on Monday.The central bank eased some gold import rules in May by allowing seven more private agencies to ship in the precious metal, driving a sharp jump in overseas buying despite a record import duty of 10 percent.A 450 ...
Singapore Sept core inflation rate seen unchanged vs August SINGAPORE: Singapore's annual core consumer inflation probably held steady at 2.1 percent in September, a Reuters poll showed, while all-items inflation was likely to pick up from a six-month low.The all-items consumer price index (CPI) probably rose 1.0 percent in September from a year earlier, according to a Reuters survey of 12 economists. In August, headline CPI had risen 0.9 percent from a year earlier, the lowest increase since February.Some economists said that a recent ...
China September cotton imports down 39pc on year to 122,900 tonnes BEIJING: China imported 122,900 tonnes of cotton in September, down 39 percent on the same month of last year, said the China Cotton Association, citing customs.For the first nine months of the year, Chinese imports of the fibre have dropped by 38 percent to 2 million tonnes. The world's top cotton consumer has imported less of the fibre this year as higher global prices and limited import quotas forced mills to import yarn instead.Copyright Reuters, ...
Vietnam sees faster 2015 GDP growth, 2014 targets in sight HANOI: Vietnam expects faster economic growth next year of 6.2 percent, picking up from a targeted 5.8 percent this year, Prime Minister Nguyen Tan Dung said on Monday. The Southeast Asian nation plans to keep inflation next year at 5 percent, compared with a government projection of "below 5 percent this year", Dung told the National Assembly in its opening session broadcast nationwide. After growing 5.42 percent in 2013, Vietnam's economy has been expanding faster ...
Amnesty slams 'abuse' of migrant workers in South Korea SEOUL: Migrant farm workers in South Korea have become victims of rampant abuse under a "shameful" work permit system that encourages exploitation, Amnesty International said in a report published Monday.The report came on the heels of a mission to South Korea by the UN's special rapporteur on racism, who also cited "serious problems" faced by the growing number of foreign workers hired as low-paid, unskilled manual labourers.The Amnesty report, titled "Bitter Harvest" and based on ...
British economic growth to slow, says leading forecaster LONDON: The British economy will slow down sharply next year due to political uncertainty and a potential referendum on membership of the EU, a leading forecaster said on Monday.In an autumn forecast released after a turbulent week on world markets, EY ITEM Club said gross domestic product growth would slow to 2.4 percent in 2015, after 3.1 percent growth this year.The forecasts are below the Bank of England's outlook of 3.5 percent growth in 2014 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln