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German govt projects 2015 GDP growth of 2.0pc BERLIN: The German government forecasts its economic growth will accelerate to 2.0 percent in 2015 after gross domestic product expands by a projected 1.8 percent this year, according to an internal report for the European Commission obtained by Reuters. "The German government expects a real increase in gross domestic product of 2.0 percent for the year 2015 and thus further strong growth," the government's report for the European Commission reads. For the period 2016 to 2018 the government expects an average real growth of about 1.5 percent per year. "The positive developments in the labour market will continue during the period," reads the report, which Chancellor Angela Merkel's cabinet is expected to endorse later on Tuesday. On Feb. 12, the government forecast growth of 1.8 percent in 2014, a slight upward revision of its previous 1.7 percent growth target. That followed and expansion of just 0.4 percent in 2013. The ...

China allows corn imports from Brazil from start of April BEIJING: China, the world's second-largest corn consumer, has allowed imports of the grain from Brazil from the start of this month, Chinese quarantine authorities said on Tuesday.The government of Brazil, the world's No. 2 corn exporter, flagged the move late last year, but the start date was not revealed at that time.China mainly imports corn from United States, but shipments from the country have been curbed after officials turned away about 1 million tonnes due ...
Japan posts first current account surplus in five months TOKYO: Japan posted its first current account surplus in five months in February, helped by a narrower trade deficit and higher returns on investment abroad, government data showed Tuesday.Japan logged a surplus of 612.7 billion yen ($5.9 billion) in February, down 5.7 percent from the surplus the year before, but a reversal of a deficit of 1.59 trillion yen in January.The monthly trade deficit shrank by 1.4 percent on-year to 533.4 billion yen as exports ...
Britain's Osborne unveils Brazil investment push RIO DE JANEIRO: British finance minister George Osborne unveiled plans Monday to ramp up exports to Latin America, as he embarked on a visit to World Cup and Olympic hosts Brazil.Despite the Latin American giant of some 200 million being the world's seventh-largest economy, Brazil was the destination of just one percent of British exports last year -- leaving Britain trailing behind EU neighbors Germany, France and Italy."For decades, we have not been exporting enough ...
Bosnia's economy set to grow 2.4pc in 2014 SARAJEVO: Bosnia's economy is likely to grow 2.4 percent this year on stronger exports and industrial output after expanding 1.5 percent in 2013, central bank governor Kemal Kozaric said on Monday.Kozaric told an annual news conference that Bosnia recorded deflation of 1.2 percent in 2013, its first year of negative price changes.He warned that bad loans stood at a record 15.1 percent of all loans outstanding at the end of 2013, although the banking sector ...
Albania's economy grew 0.4pc in 2013: statistics office TIRANA: Albania's economy grew 0.4 percent in 2013, less than forecast by the government and the International Monetary Fund, although the pace picked up in the final quarter, the Institute of Statistics said on Monday.If the preliminary estimate is confirmed, it will be the lowest annual growth Albania has recorded in more than a decade. Official forecasters had expected growth of 0.7 percent."Upon the evaluation of the fourth quarter ... based on the Gross Value ...
EU, Ukraine to hold talks on risk of Russian gas cut-off BRUSSELS: EU officials will meet Ukraine's energy minister on Tuesday as well as review the bloc's own gas storage levels as fears grow that rising tensions between Moscow and Kiev might lead to a cut-off of gas supplies.At midnight a deadline expires for Ukraine to reduce the $2.2 billion debt it owes Moscow for natural gas deliveries. So far Ukraine has offered no payments, Moscow says, raising the risk of supply disruption, with possible knock-on ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln