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GDP rises 0.1 per cent in quarter

posted by aussiemarket 1271 days ago in AUD, GDP

Australian real gross domestic product (GDP) rose by a seasonally adjusted 0.1 per cent in the September quarter, the Australian Bureau of Statistics says.

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Dollar slips on weak GDP data

posted by InvestorsChoice 1271 days ago in AUD, GDP

The dollar slipped to a low of $US0.6399 in early afternoon trade after data showed growth in the third quarter was slightly weaker than expected, with softer commodity prices adding to its woes.

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NZIER sees recession ending in 4 weeks

posted by KiwiTrader 1271 days ago in NZD, GDP

The New Zealand Institute of Economic Research (NZIER) has forecast the recession will finish at the end of the December quarter and that the economy will recover slowly through 2009 as consumer spending increases because of lower interest rates

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Why Mr Darling had to act

posted by princesa 1272 days ago in GBP, Fundamental, GDP

THERE are clear and apparently opposite views about last week’s Pre-Budget Report. The Conservative Party doesn’t believe that public sector borrowing now is the right action, on the basis it seems that we would be storing up problems for the fut

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Switzerland Feels Iceland’s Pain With Banks’ Vanishing Credi

posted by sassygirl 1272 days ago in CHF, GDP, Inflation

An isolated European country with an economy geared toward finance and winter sports is no longer a monetary bastion as credit evaporates around the globe.

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BOJ's Shirakawa Says Japan's Economy Slowing Rapidly

posted by MrLee 1273 days ago in JPY, GDP, Inflation

Bank of Japan Governor Masaaki Shirakawa said Japan's economy is experiencing a rapid downturn, and that his board needs to keep an eye on downside risks when guiding monetary policy.

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Canadian PM Says Budget Will Spur Economic Recovery

posted by 1273 days ago in CAD, GDP | admin links Edit

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Prime Minister Stephen Harper says his government's fiscal update released this week is just the first step in its plans to bring about an economic recovery.

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Japan's recession woes deepen as output tumbles

posted by LosingGain 1275 days ago in JPY, GDP

Japan sank deeper into recession in October as factory output slumped and consumers reduced their spending in response to the economic crisis, a raft of grim data showed Friday.

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Economy shrinking, home prices dropping

posted by PipChecker 1278 days ago in USD, GDP, Housing

The economy shrank more than expected in the third quarter and home prices fell to levels not seen since early 2004 as the government announced new plans to provide $800 billion to boost consumer spending and home buying.

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Economic tumble worse than expected in 3rd quarter

posted by currencyplus 1278 days ago in USD, Fundamental, GDP

The economy took a tumble in the summer that was worse than first thought as American consumers throttled back their spending by the most in 28 years, further proof the country is almost certainly in the throes of a painful recession.

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Currencies Soar as Fed Announces More Stimulus, GDP Not as B

posted by refinancing 1278 days ago in USD, GDP

The US is now in a technical recession but that has not stopped the equity and currency market from rallying. The GDP number was not as bad as the market had feared but what really drove the markets higher was the Federal Reserve’s new Term Asset

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Recession Probably Deepened in October: U.S.

posted by PipWatCher 1280 days ago in USD, GDP

The U.S. recession probably deepened as consumer spending plunged in October by the most since the 2001 downturn and businesses slashed investment, government reports may show this week.

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