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US Nov trade gap widens to $48.73bn NEW YORK: The US trade deficit unexpectedly grew in November, a drag on economic growth, although the gap's widening was driven by a surge in consumer goods imports, which gives a positive signal for consumer spending.   The Commerce Department said on Friday the trade gap increased 16 percent in November to $48.7 billion.   Analysts were expecting the deficit to shrink to $41.3 billion, so the report could lead some economists to trim their forecasts for economic growth in the fourth quarter.   Net imports suck cash out of the economy, subtracting from gross domestic product.   The trade deficit was the widest since April, and its expansion was driven by a 3.8 percent increase in imports, the largest gain in eight months.   Copyright Reuters, 2010 ...

German economy shrinks in Q4 BERLIN: Germany, Europe's largest economy, contracted in the fourth quarter of 2012 as factories slashed production in response to weak European demand but growth will pick up again this year, the country's Economy Ministry said on Friday.   Germany is set to publish an estimate of gross domestic product (GDP) for 2012 next Tuesday. Economists surveyed by Reuters have forecast 0.8 percent growth. Fourth quarter figures are expected in February.   "The tough European environment has dampened German economic ...
Slovak official industrial output shrinks by 1.8pc BRATISLAVA: Slovakia's industrial output fell at an adjusted monthly pace of 1.8 percent in November after shrinking by 3.9 percent in October, official data showed on Friday.   On a 12-month basis, it grew by 5.2 percent in November, a slowdown from 8.1-percent growth in October, the Slovak Statistics office said.   Annual output was fuelled by a 23.3-percent surge in car production at plants run by South Korea's Kia Motors, Germany's Volkswagen and France's PSA Peugeot Citroen.   Car production, ...
Japan premier unveils $226.5bn stimulus package TOKYO: Japan's new government unveiled a massive $226.5 billion stimulus plan Friday in the latest bid to boost the world's number three economy, with plans to rebuild disaster-hit areas and beef up the military.   Japanese investors welcomed the news, with the Nikkei index surging to a 22-month high and the yen tumbling, but analysts questioned its long-term effect and warned it could lead to more misery further down the line.   Prime Minister Shinzo Abe, who came to ...
US moves to halt junk home loans that fed crisis  WASHINGTON: The US issued new rules Thursday restricting the kind of high-risk and abusive home loans at the center of the housing collapse that led to millions losing their homes to repossession.   The Consumer Financial Protection Bureau (CFPB) set regulations which forbid lenders from granting mortgages to buyers who are not in the position to repay the loan, requiring strong documentation and basic income-to-loan ratios.   The rules also restrict lenders from offering inducements to borrowers to overextend ...
Greek unemployment hits record as recession drags on  ATHENS: Greece's unemployment rate climbed to a record 26.8 percent in October as the debt-laden country remained sunk in recession, data showed on Thursday.   Greece's jobless rate has almost tripled since it started rising in September 2009 as the country's debt crisis became apparent, and is more than double the average rate in the 17-nation euro zone, which stood at 11.8 percent in November.   Unemployment among youth aged 15-24 also touched a new record of 56.6 percent ...
Romania met IMF budget gap target in 2012: PM  BUCHAREST: Romania met a target agreed with the International Monetary Fund to bring its budget gap below 3 percent of gross domestic product in 2012, its prime minister said on Thursday.   "For the first time since 2007 we have brought the budget deficit within the limit of 3 percent of GDP under European methodology," Victor Ponta told reporters.   Romania's budget gap was 1.8 percent of GDP in January-November 2012 in cash terms. Its full-year target is 2.2 ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln