Pakistan’s economy grew just two percent in 2008-09

October 12th, 2009 Singapore economy surges for 2nd straight quarterSINGAPORE — Singapore's economy surged for a second straight quarter, and the government boosted its 2009 growth forecast, as manufacturing cemented the city-state's emergence from recession. Gross domestic product grew an annualized, seasonally adjusted 14.9 percent in the third quarter, following a jump of 22 percent the previous quarter, the Trade and Industry Ministry said Monday.

July 31st, 2009 Recession was deeper in '08 than previously knownWASHINGTON — The recession inflicted even more damage on the economy last year than the government had previously thought. The Commerce Department, in revisions issued Friday that date back to the Great Depression, now estimates that the economy grew just 0.4 percent in 2008.

July 30th, 2009 NEW DELHI - Despite the economic slowdown, printer sales in India grew one percent to 1.61 million units last fiscal as compared to the year before, an IT hardware manufacturers' lobby said Thursday. "The total printer sales between April 2008 and March 2009, with dot-matrix, ink-jet and laser-jet printers taken together, were 1.61 million, registering a growth of one percent over the previous year," the Manufacturers Association for Information Technology (MAIT) said in a statement.

July 27th, 2009 NEW DELHI - Despite India's overall exports growth dipping considerably, exports from its special economic zones (SEZs) grew 50 percent during 2008-09, the government said Monday. "The value of exports made from SEZs during 2008-09 was Rs.99,689 crore against Rs.66,638 crore in the previous year, an increase over 50 percent," said Minister of State for Commerce and Industry Jyotiraditya M.

July 2nd, 2009 NEW DELHI - The automotive industry in India grew at a computed annual growth rate (CAGR) of 11.5 percent over the past five years, the Economic Survey 2008-09 tabled in parliament Thursday said. The industry has a strong multiplier effect on the economy due to its deep forward and backward linkages with several key segments of the economy, a finance ministry statement said.

June 28th, 2009 S. Korean bank says N. Korean economy grew in 2008SEOUL, South Korea — North Korea's economy grew in 2008 after good weather boosted agricultural production, South Korea's central bank said Sunday.

June 19th, 2009 AHMEDABAD - Despite the global economic slowdown, the service sector in India contributed 56 percent to the GDP during 2008-09, according to an expert. "With innumerable surveys revealing the immense growth prospects in India and the country being projected as one of the high-growth economies in the world, there is an increasing realisation for the need of more professionals and experts in financial planning," Ranjeet S.

June 12th, 2009 India's industrial production up 1.4 pct in AprilMUMBAI, India — India's industrial production rose 1.4 percent in April, the government said Friday, fueling hopes that Asia's third-largest economy may be on the road to recovery. The government also revised its March data for industrial production, saying it fell 0.75 percent from a year earlier instead of the initially estimated 2.3 percent contraction.

May 28th, 2009 ISLAMABAD - About 10,000 security personnel are guarding Pakistans nuclear arsenal and Western fears about the safety of the weapons are unfounded, a senior official has said. Air Commodore Khalid Banuri, director of arms control and disarmament affairs at the Strategic Plans Division (SPD), said that Pakistans command and control structure for the weapons was better than that of many other nuclear-armed states, and many countries had officially acknowledged this, DawnNews reported Thursday.

May 11th, 2009 NEW DELHI - Automobile sales in the country grew nearly 11 percent in April over the corresponding month the previous year largely due to a handsome growth registered by two-wheeler sales, a leading industry body said Monday. 'In April production grew at 10.19 percent and domestic sales by 10.76 percent.

April 24th, 2009 SKorean economy shrinks 4.3 percent in 1st quarterSEOUL, South Korea — South Korea's economy contracted 4.3 percent in the first quarter of 2009 from the same period last year, as manufacturing and exports slumped amid the global downturn, the Bank of Korea announced Friday. That marks the second straight quarter that South Korea's economy grew smaller.

February 27th, 2009 NEW DELHI - The growth of India's gross domestic product (GDP) dropped to 5.3 percent in the third quarter ending Dec 31 last year, compared to a growth of 8.9 percent in the same period the previous year. The economy, usually equated to the GDP, had grown by 7.6 percent in the second quarter of this fiscal.

February 15th, 2009 NEW DELHI - Following are the highlights of the interim budget presented by Minister for External Affairs Pranab Mukherjee in the Lok Sabha Monday: * India remains second-fastest growing economy in the world * Economy expected to grow 7.1 percent this fiscal * Government spent Rs.70,000 crore (Rs.700 billion) on 37 infrastructure projects in 2008-09 * Under public-private partnership (PPP), 54 central infrastructure projects approved * Total expenditure of PPP projects estimated at Rs.67,700 crore (Rs.677 billion) * India Infrastructure Finance Company to raise Rs.10,000 crore (Rs.100 billion) by end-March * India has weathered inflation criris, but no room for complacency * Country's agriculture outlook is encouraging * Record foreign direct investment of $32.4 billion attracted * Extraordinary situation merits extraordinary measures * Need to consider additional fiscal measures in regular budget * In past three years, India grew by average of over 9 percent * Per capita income expanded by 4.7 percent per annum * Fiscal deficit was brought down from 4.5 percent to 2.7 percent * Revenue deficit was cut from 3.6 percent to 1.1 percent * Exports increased 26.4 percent per annum * Foreign trade increased from 27.3 percent to 35.5 percent * Tax to gross domestic product ratio expanded by 9.2 to 12.5 percent * Agriculture grew by 3.7 percent per annum

December 29th, 2008 ISLAMABAD - Pakistan's economy improved during the first quarter of the current fiscal, as did some macro-economic indicators that had steeply fallen in 2007-08, the State Bank of Pakistan (SBP) has said. In its first quarterly (July-Sep) report, the SBP expressed the hope that economy would stabilise despite lower than expected growth.

December 24th, 2008 NEW DELHI - About 2.27 million personal computers (PCs) were shipped in India during the third quarter this year, reflecting a growth of 1.7 percent as compared to the corresponding period last year, according to a recent IDC's India Quarterly PC Tracker 2008 third quarter survey. IDC, provider of market intelligence, advisory services and events for the information technology and telecommunications sector, said desktop shipments fell 8.9 percent while notebook shipments grew 37.8 percent during July-September, compared to the same period in 2007.