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Economy : Page 602

Government spending can spur higher growth in Indonesia
Indonesia peopleDecember 16, 2015 ET
The government’s increased capital spending by close to 50 percent year-on-year in real terms supported growth in Q3 and could further boost growth in 2016 if the pace continues, says World Bank.
Majority of investors expect 3+ U.S. rate hikes in coming year
InvestorsDecember 16, 2015 ET
A majority (58 percent) of global investors expect the U.S. Federal Reserve (Fed) to raise rates three times or more in the coming 12 months.
Empire State manufacturing declined for fifth consecutive month
Empire State manufacturingDecember 16, 2015 ET
The December 2015 Empire State Manufacturing Survey indicates that business activity declined for a fifth consecutive month for New York manufacturers.
Fitch: Economic growth in North America to improve
US economyDecember 16, 2015 ET
Fitch Ratings expects economic growth in North America to improve in 2016. The U.S. economy will grow 2.5%, the same rate as in 2015, while Canadian growth will improve to 2% in 2016 from just 1% in 2015.
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.
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