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Economy: Page 572

G20 GDP growth stable at 0.7% in Q3 2015
G20 economiesDecember 15, 2015 ET
Real growth of Gross Domestic Product (GDP) in the G20 area remained stable at 0.7% in the third quarter of 2015, for the third consecutive quarter, but with diverging patterns across countries, according to preliminary estimates.
Fed rate rise good for U.S., emerging markets face risks
FedDecember 15, 2015 ET
A potential increase in short-term interest rates by the Federal Reserve after this week's FOMC meeting would confirm that the U.S. economic expansion remains on track.
China's fiscal revenue growth quickens
China bankingDecember 15, 2015 ET
China's fiscal revenue rose 11.4 percent year on year in November, quickening from an 8.7-percent rise seen in October, the Ministry of Finance said.
RMB to remain stable against basket of currencies
China central bankDecember 15, 2015 ET
China's central bank said the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated.
U.S. retail sales rise more than expected in November
U.S. consumersDecember 14, 2015 ET
U.S. consumers spent less in November than analysts had expected, especially on cars and petrol. Retail sales volumes grew by 0.2% month-on-month to reach $448.1bn, according to the Department of Commerce.
University of Michigan consumer sentiment nudges up in December
Consumer sentiment indexDecember 14, 2015 ET
The University of Michigan's consumer sentiment index rose to 91.8 in December from 91.3 in November.
China sees more signs of improvement, retail sales up 11.2%
China storeDecember 14, 2015 ET
New macroeconomic indicators have suggested stabilization in the Chinese economy and that China is on track to meeting the government's growth target for 2015.
Private consumption to stay main pillar of Hong Kong's economy
Hong KongDecember 14, 2015 ET
Hong Kong’s economy is holding up reasonably well despite its substantial dependence on exports that are adversely affected by weaker global and Chinese demand.
Consumption per capita varied between 51% and 141% of EU average
BerlinDecember 14, 2015 ET
Actual Individual Consumption (AIC) is a measure of material welfare of households. Across the EU members in 2014, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 51% of the EU average in Bulgaria to 141% in Luxembourg.
Russia's budget deficit to reach $21 billion in 2016
MoscowDecember 14, 2015 ET
Russia's budget deficit is expected to reach 1.5 trillion rubles ($21.7 billion) in 2016 with an oil price baseline of $40 a barrel, Deputy Finance Minister Maxim Oreshkin said.
Indian economy suffers $3bn loss from floods amid low insurance penetration
India floodDecember 14, 2015 ET
Impact Forecasting, Aon Benfield's catastrophe model development team, launches the latest edition of its monthly Global Catastrophe Recap report.
Brazilian crops to go down, trade surplus to double
Brazil cropsDecember 12, 2015 ET
The Brazilian Institute of Geography and Statistics (IBGE) estimates a 209.3 million ton crop of cereals, pulses and oilseeds for next year.
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