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German inflation bounces back in February: data FRANKFURT: Inflation in Germany, Europe's biggest economy, was back in positive territory in February with consumer prices rising by 0.1 percent, official data showed on Friday.The previous month, the consumer price index had fallen for the first time in five years, dropping by 0.4 percent as a result of lower energy prices. According to the Harmonised Index of Consumer Prices (HICP) -- the yardstick used by the European Central Bank -- inflation in Germany remained in negative territory, slipping by 0.1 percent year-on-year in February, way under the ECB's annual inflation target of just below 2.0 percent.In January, HICP had fallen by 0.5 percent. The February data are still only preliminary, since they are based on consumer price statistics from only six out of Germany's 16 regional states.Final data, based on all 16, will be published on March 12, the German federal statistis office Destatis said.The data will offer some ...

India in 'sweet spot', economy forecast to top 8pc growth NEW DELHI: India's economy is in a "sweet spot" and ready to grow by more than eight percent in the next financial year, an official report said Friday on the eve of the new right-wing government's first full-year budget.The India Economic Survey, an annual report prepared by the finance ministry, said growth would be between 8.1 and 8.5 percent in the 2015-16 financial year, reaching levels last seen five years earlier.The ministry said the data ...
Greek economy contracts more than first thought: official data ATHENS: Greece's troubled economy contracted by 0.4 percent in the fourth quarter of 2014 instead of the 0.2-percent figure given earlier this month, the state statistics agency said on Friday."Available seasonally adjusted data indicate that in the fourth quarter of 2014 the gross domestic product in volume terms decreased by 0.4 percent compared with the third quarter of 2014 against the decrease of 0.2 percent that was calculated for the flash estimate," the agency said.The ...
India growth to top 8pc in 2015/16 NEW DELHI: India's economy will grow by more than eight percent in the next financial year, the government said in a report published Friday, a day ahead of its first full-year national budget.The India Economic Survey said growth would be between 8.1 and 8.5 percent in the 2015/16 financial year, returning to levels last seen in 2010/11.The upbeat forecast came weeks after the government put growth for the current financial year at 7.4 percent, making ...
French consumer spending data fuels hope for recovery PARIS: French consumer spending rose 0.6 percent in January from December, data released on Friday showed , an indication that the traditional driver of the country's weak economy is showing signs of life.Among the areas of growth in household outlays were purchases of durable goods, up 1.9 percent, and cars, up 3.2 percent, the INSEE statistics agency said.The news follows two other encouraging sets of economic data this week: consumer morale, which reached its highest ...
Croatia's 2014 GDP contracts 0.4pc over 2013 ZAGREB: Croatia's economy contracted 0.4 percent in 2014, the state statistics bureau said in its flash estimate on Friday.It is the sixth consecutive year that the newest European Union member has recorded no growth. Since 2008 it has lost around 13 percent of its output.In the last quarter of 2014 the economy grew 0.3 percent year-on-year in its first quarter of growth after a decline for 12 consecutive quarters. The bureau will release detailed fourth ...
Schaeuble says help for Greece no easy decision but necessary BERLIN: German Finance Minister Wolfgang Schaeuble urged his country's lawmakers to approve Friday Greece's four-month bailout extension, saying it was no easy decision but necessary."I'd like to ask parliament, each lawmaker, not to reject the request by the finance ministry, which wasn't easy for me either, because this would do great harm to our people and our future," Schaeuble told the German parliament ahead of a vote.Despite misgivings among some legislators, the Greek reprieve was ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln