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Taiwan downgrades 2013 growth forecast TAIPEI: Taiwan further slashed its 2013 growth forecast on Friday as slowing global demand weighs on the export-reliant economy, the government said. The government chopped its full-year growth forecast to 1.74 percent, down from 2.31 percent predicted in August and 2.4 percent in May, according to the Directorate General of Budget, Accounting and Statistics.Slowing demand for liquid crystal display panels, falling shipments of petrochemical products and stiff competition from China were to blame for the worse-than-expected performance, the agency said in a statement. Weak domestic demand also weighed on the economy, it added.However, growth forecast for the three months to September stood at 1.66 percent, up from a previous estimate of 1.58 percent.The GDP was forecast to rise 2.59 percent in 2014, down from 3.37 percent outlined previously as the agency expected many of the factors that had been hampering growth to remain next year. Copyright AFP (Agence France-Presse), 2013 ...

South Korea industrial output accelerates in Oct SEOUL: South Korea's industrial output grew at its fastest pace for 11 months in October on the back of increased production in the manufacturing sector, government data showed Friday.Production in the mining, manufacturing, gas and electricity industries rose 1.8 percent from the previous month, Statistics Korea said.It was the fastest monthly growth since November 2012 and reversed a 2.3 percent fall in September.The government agency attributed the rise to robust activity in the manufacturing sector, ...
Indian growth seen higher but recovery still elusive NEW DELHI: India's quarterly economic growth figures due later Friday may show a slight pickup, but recovery will remain elusive owing to high interest rates that are crimping spending and investment, economists say.Growth is forecast to accelerate to 4.6 percent year on year in the July-September quarter, according to a market consensus estimate by Dow Jones Newswires. That figure would be up from growth of 4.4 percent in the previous three months.Economists believe the slightly ...
Venezuela growth slows in Q3 amid shortages and inflation CARACAS: Venezuela's economic growth slowed sharply in the third quarter from a year ago, the OPEC nation's central bank said on Tuesday, raising the specter of stagflation as inflation remains close to 55 percent.GDP grew 1.1 percent compared with 5.5 percent in the same period in 2012 thanks to an expansion in banking and communications services that was partly offset by contraction in the transportation and construction industries, the bank said.The figure indicates that the ...
India's economy probably recovered slightly in Sept quarter NEW DELHI: India's economic growth probably picked up slightly in the September quarter, but weak investment levels have tempered hopes that strong rural demand and a rebound in exports will drive a sustained recovery ahead of elections due early next year.A Reuters poll of 40 economists showed gross domestic product (GDP) likely expanded 4.6 percent year-on-year, only two basis points above the previous quarter, which was the lowest in four years.India's statistics office will release ...
German unemployment rate stable in November: official data FRANKFURT: Germany's unemployment rate was steady in November, as the labour market continues to hold up in the face of mixed economic outlook, official data showed on Thursday.The number of people registered as unemployed in Europe's top economy rose by 10,000 in seasonally adjusted terms this month, the Federal Labour Office said in a statement.The unemployment rate -- which measures the proportion of people out of work compared with working population as a whole -- ...
German jobs miracle could be running out of steam: analysts FRANKFURT: Germany's unemployment rate was steady in November, but the country's much lauded "jobs miracle" could be running out of steam, analysts said Thursday.While Germany's jobless rate -- the proportion of people out of work compared with the working population as a whole -- was unchanged in both unadjusted and seasonally-adjusted terms in November, the actual jobless totals increased, according to data published by the Federal Labour Office. In seasonally adjusted terms -- the yardstick ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln