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German unemployment rate hits record low in March BERLIN: Germany's jobless rate hit a record low of 6.4 percent in March, data showed on Tuesday, in a positive sign for private consumption which is expected to drive growth in Europe's largest economy this year.That beat the consensus forecast in a Reuters poll for a reading of 6.5 percent and was the lowest since German reunification in 1990. It followed a reading of 6.5 percent in February.The number of people out of work decreased by 15,000 on a seasonally-adjusted basis to 2.798 million, data from the Labour Office showed. That was bigger than the drop of 12,000 forecast in a Reuters poll."The job market has returned to full throttle growth in early 2015," Berenberg economist Christian Schulz said.Separate data on Tuesday showed that German retail sales jumped by 3.6 percent in February in real terms on the year as shoppers spent more online and on shops on food, clothes ...

Greek retail sales dip in January for 3rd month in a row ATHENS: Greek retail sales by volume fell 0.1 percent in January compared to the same month a year earlier, declining for the third month in a row against the backdrop of rising political tensions, statistics service ELSTAT said on Tuesday.Sales volumes had risen for five months in a row through October on a pick up in consumer spending as the economy recovered from a protracted recession. But a turbulent political climate towards the end of ...
Ugandan inflation rises in March on non-food prices KAMPALA: Uganda's inflation rose in March, driven higher for the second consecutive month by an increase in non-food prices, the Uganda Bureau of Statistics said on Tuesday.The statistics office said year-on-year inflation went up to 1.9 percent year-on-year in March from a revised figure of 1.6 percent a month earlier. Core inflation rose to 3.7 percent from a revised 3.3 percent in February.The bureau said the rise in core inflation - which excludes food, fuel, ...
UK growth revised higher at end of 2014, boosted by exports LONDON: Britain's economy expanded at a faster pace than previously thought at the end of last year, helped by strong growth in exports, a boost for Prime Minister David Cameron before a national election on May 7.Finance minister George Osborne also seized on data on Tuesday that showed household incomes rising at the fastest annual pace in more than four years.But policymakers hoping for a more balanced economic recovery will be disappointed by a 0.9 ...
Sri Lanka's March inflation eases to record low of 0.1pc y/y COLOMBO: Sri Lanka's annual inflation slowed to a record low of 0.1 percent in March from 0.6 percent in the previous month, the state-run Department of Census and Statistics said on Tuesday.Annual average inflation, measured on a 12-month moving average basis, also fell to a record low of 2.5 percent this month from 2.9 percent a month earlier.Copyright Reuters, 2015 ...
India's end-Dec external debt at $461.9bn MUMBAI: India's external debt stood at $461.9 billion as of end-December, up 3.5 percent from end-March 2014, the government said in a release on Tuesday.India's external debt-to-gross domestic product (GDP) ratio stood at 23.2 percent as of end-December, compared with 23.7 percent as of end-March 2014.The country's short-term debt fell 6.7 percent from March-end 2014 to $85.6 billion as of December-end, while long-term debt rose 6.1 percent to $376.4 billion, the statement from finance ministry ...
IMF backs Zambia plan to end copper tax rows, warns on deficit LUSAKA: The International Monetary Fund on Tuesday applauded Zambia's efforts to resolve tax issues in its copper mining industry but warned that only further tightening of fiscal and monetary polices would contain the country's large deficits.President Edgar Lungu directed Zambia's finance and mining ministers on Wednesday to change royalties on mining firms by April 8, saying the copper-producer could consider temporarily reverting to the tax regime of 2014.The decision to increase royalties in January for ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln