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Shoppers rescuing eurozone growth as exports slow: ratings agency PARIS: US rating agency Standard and Poor's said Wednesday a budding eurozone recovery was gathering steam thanks to consumers loosening their purse strings.In a report entitled "Hangin' In There Despite Weak Foreign Demand", it said domestic demand had emerged as a main driver for growth, offsetting export weakness."The latest indicators show that stronger domestic demand is overcoming soft exports, which suggests that the eurozone upturn continues to forge ahead," it said.Consumers in the eurozone had provided "a welcome boost" to growth, most pointedly in powerhouse Germany, but shoppers were starting to spend more elsewhere, too.Recent developments may be overtaking the European Central Bank's more gloomy analysis of the eurozone economy, Standard and Poor's said, recommending that the ECB refrain from hasty monetary easing in its fight against the spectre of deflation.The central bank is widely expected to expand its quantitative easing (QE) programme, which pumps cash into the banking system ...

Polish jobless rate falls to 9.6pc in Oct, as expected WARSAW: Poland's registered unemployment rate fell to 9.6 percent in October compared to 9.7 percent the previous month, the state statistics office said on Wednesday.Analysts polled by Reuters had expected the rate at 9.6 percent.The statistics office said that the number of registered unemployed stood at 1.517 million in October.The data also showed the unemployment rate as measured by the Labour Force Survey (BAEL) fell to 7.1 percent in the third quarter of 2015 from ...
Thailand's record car exports may shift economy into higher gear BANGKOK: Thailand's auto exports are set to hit a record this year, good news for an industry bogged down by weak domestic demand and an economy struggling to recover after 18 months of military rule.The government is hopeful that stronger momentum in the sector - accounting for around 10 percent of GDP and employing a tenth of its workers in manufacturing - will lift economic growth that was just 0.9 percent last year.Cars, parts and ...
Greek residential property price slide gains pace in third quarter ATHENS: Greek residential property prices fell at a faster pace in the third quarter compared to the previous three-month period as economic contraction hit household income and employment, knocking values on banks' outstanding real estate loans.Property accounts for a large chunk of household wealth in Greece, which has one of the highest home ownership rates in Europe -- 80 percent versus a European Union average of 70 percent, according to the European Mortgage Federation.Bank of ...
Ghana producer inflation falls to 2.8pc in October ACCRA: Ghana's producer price inflation fell to 2.8 percent in October from a revised 4.8 percent in September, continuing a downward trend, the statistics office said on Wednesday.The fall reflects apparent progress for the West African country in stabilizing inflation."The easing effect came mainly from the manufacturing of petroleum and coke which registered a significant price decline," Ghana's acting deputy statistician Anthony Amuzu said.Year-on-year producer inflation for the mining and quarrying sub sector stood at ...
Irish house prices climb 1.6 percent in October DUBLIN: Irish residential property prices grew at their second fastest monthly rate this year in October, increasing 1.6 percent from the previous month, but the annual growth rate continued to slip.While property prices across Ireland are on average 33.5 percent below their 2007 peak, the country's central bank introduced restrictions on mortgage lending in January to try to ensure rises do not return to unsustainable levels amid a supply shortage.The annual rate of growth slowed ...
Polish government to approve amended 2016 draft budget in early Dec WARSAW: Polish government plans to approve an amended version of the 2016 draft budget in early December and send it to parliament in the middle of December, a minister in the prime minister's chancellery said on Wednesday."We want to approve the amendment to the budget at the start of December, so that it is sent to parliament in the middle of next month," Henryk Kowalczyk said.Copyright Reuters, 2015 ...


Index Closing Chg%
Arrow DJIA 17,719.92 0.44
Arrow Nasdaq 5,108.67 0.37
Arrow S&P 2,080.41 0.46
Arrow FTSE 6,356.09 0.30
Arrow DAX 11,382.23 0.78
Arrow CAC-40 4,957.60 0.56
Arrow Nikkei 19,747.47 0.69
Arrow H.Seng 21,996.42 0.33
Arrow Sensex 26,145.67 0.07

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln