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Spain: economy shrank 0.2 pct in 3rd quarter

AP — Fri, 31 Oct 2008 12:18:54 +0000

The Bank of Spain says the country’s GDP has fallen 0.2 percent in the third quarter from the previous quarter, the first such decline in 15 years.

Meltdown 101: Measuring the Gross Domestic Product

AP — Thu, 30 Oct 2008 20:21:31 +0000

Gross Domestic Product, the broadest measure of the economy, is essentially the nation’s economic report card. When it shrinks, as it did Thursday, worries about a recession...

Iceland: the canary in the gold mine?

Johann — Tue, 07 Oct 2008 19:20:39 +0000

Iceland has indeed bailed out Glitnir. But here’s the thing: Iceland’s credit default swaps are now suggesting that the sovereign itself is a distressed credit.Contracts on Iceland’s debt jumped to 17.5 percent upfront and 5...

Better tax-GDP ratio helping increase outlays: FM

K.Ramesh Babu — Tue, 29 Apr 2008 18:43:03 +0000

Finance Minister P Chidambaram said on 29 April the improvement in tax-GDP ratio has given enough money to the Centre to vastly increase outlays.

RP's tourism to employ 3.5 M workers for 2008

Maynard — Thu, 27 Mar 2008 02:53:33 +0000

The Philippine local tourism industry is expected to generate over P636 billion in earnings and 3.5 million new jobs this year, the Department of Tourism (DOT) reported. Tourism Secretary Joseph Ace Durano said the latest survey done by the...

Unveiling Turkey’s uncalculated richness

Adem — Wed, 12 Mar 2008 12:33:36 +0000

The Turkish Statistics Institute (TurkStat) has already announced the “new” gross domestic product (GDP) accounts, aiming at revising the extension of national income coverage and improving methodology. In that regard, revised accounts, which...

Can India maintain its accelerating economic growth rate?

Arpita Mukherjee — Sat, 16 Feb 2008 11:39:28 +0000

The term ‘Hindu rate of growth’ was coined to describe the sluggish growth rate in GDP during the first few decades after independence. The Hindu rate was an ironical remark of the traditional Hindu lifestyle that kept them satisfied with...

Are slumping Industrial output, Core Industries pulling down economic growth?

Pratyush — Wed, 14 Nov 2007 11:54:09 +0000

Is Indian economy is going down now? This was a million-dollar question that raised when market experts saw the negative growth patterns in industrial output report released on Monday. According to the report, six important industries in...

No Indian city has water 24-hr a day: Report

Pratyush — Mon, 05 Nov 2007 10:37:30 +0000

India is now experiencing the Infrastructure boom across the country like never before. Several projects are about to be finished and several are being geared up for touching new heights in coming days. The Golden Quadrilateral project, that...

PM's Economic Advisory Council predicts growth rate over 9% this fiscal

Pratyush — Tue, 17 Jul 2007 06:40:50 +0000

India is waiting for normal Monsoon to register the GDP growth of 9 percent in this fiscal year. According to the report prepared by Prime Minister’s Economic Advisory Council, India would again register the growth more than 9 percent for the...