France out of recession, official figures showSeptember 25th, 2009 PARIS - France emerged from recession in the second quarter of 2009 as its GDP rose by 0.3 percent, the government's statistics office INSEE announced Friday. The economic expansion followed four consecutive quarters of contraction for the French economy, caught up in the global economic crisis.
Japan logs trade surplus in August, exports shrinkSeptember 24th, 2009 TOKYO - Japan posted a trade surplus for the seventh straight month in August, compared to a deficit in the same month the previous year, the finance ministry said Thursday. The surplus was 185.7 billion yen ($2.04 billion) against a deficit of 314.2 billion yen the year before, suggesting a positive trend for Japan's export-led economy.
Singapore economy grows revised 20.7 percent in second quarterAugust 11th, 2009 Singapore Q2 GDP jumps revised 20.7 percentSINGAPORE — Singapore revised slightly higher its economic growth in the second quarter, but warned U.S. consumption must pick up to sustain the recovery.
US economy shrinks only one percent in second quarter, Economists optimisticJuly 31st, 2009 WASHINGTON - The US economy shrank at a one-percent annual rate in the second quarter of 2009, according to a preliminary estimate Friday by the US Commerce Department. The figure was better than economists expected and signals that the longest US recession since the Great Depression of the 1930s has slowed dramatically.
British economy continues to shrinkJuly 24th, 2009 LONDON - The British economy shrank by 0.8 percent between April and June, more than double the rate predicted, the Office of National Statistics said Friday. The contraction was less than the 2.4 percent seen in the first quarter of 2009 but was well above analysts' 0.3 percent prediction.
British economy contracts at fastest rate in 51 yearsJune 30th, 2009 LONDON - The British economy shrank by 2.4 percent in the first quarter - the fastest rate of shrinkage in more than 50 years, according to official figures released Tuesday. The Office for National Statistics (ONS) said the contraction between January and March was the fastest since 1958.
US economy shrank by 5.5 percent in first quarterJune 25th, 2009 WASHINGTON - The US economy shrank 5.5 percent in the first quarter of 2009, according to a final estimate by the US commerce department Thursday that confirms the worst six-month stretch in five decades. The department's final figure was improved slightly from a previous estimate of a 5.7-percent contraction.
Japan exports down 40.9 percent in May, adding to doubts about quick recoveryJune 24th, 2009 Japan exports fall 40.9 percent in MayTOKYO — The slump in Japan's exports showed little sign of relenting in May, with auto exports to the U.S. down more than half, adding to doubts about a quick recovery from the global recession.
Singapore stocks jump 5.6 percent to 6-month high as optimism on the economy spurs banksMay 4th, 2009 Singapore stocks rise 5.6 percent to 6-month highSINGAPORE — Singapore stocks jumped to a six-month high Monday on growing investor optimism that the worst of the global economic downturn may be over. The Straits Times index rose 108.43, or 5.6 percent, to 2,028.71.
Japan says economy shrink 3.3 percent this fiscal year, worst since World War IIApril 27th, 2009 Japan says economy to shrink 3.3 percent this yearTOKYO — Japan's economy is likely to shrink 3.3 percent this fiscal year, its worst contraction since World War II, the Cabinet announced Monday as it submitted a massive supplementary budget to finance a new stimulus package. "Exports and production are falling drastically, while employment conditions are rapidly worsening.
Japan says economy shrink 3.3 percent this fiscal year, worst since World War IIApril 27th, 2009 Japan says economy to shrink 3.3 pct this yearTOKYO — The Japanese government said Monday the economy is likely to shrink 3.3 percent this fiscal year, its worst contraction since World War II, as exports continue to plummet. "The global economic crisis and economic downturn is increasing in severity, and Japan's export market is rapidly shrinking," the Cabinet Office said in a statement.
Japan says economy shrink 3.3 percent this fiscal year, worst since World War IIApril 27th, 2009 Japan says economy to 3.3 percent this yearTOKYO — The Japanese government said Monday the economy is likely to shrink 3.3 percent this fiscal year, its worst contraction since World War II, as exports continue to plummet. "The global economic crisis and economic downturn is increasing in severity, and Japan's export market is rapidly shrinking," the Cabinet Office said in a statement.
South Korea's economy narrowly avoids recession on government stimulusApril 24th, 2009 South Korea stimulus puts recession on holdSEOUL, South Korea — South Korea's economy, Asia's fourth largest, narrowly avoided recession in the first quarter as government pump priming offset a slump in exports but officials still predict a contraction for the full year. Gross domestic product grew 0.1 percent in the first quarter from the last three months of 2008 when it shrank 5.1 percent, the Bank of Korea said Friday.
South Korea's economy contracts 4.3 percent in first quarterApril 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.
US stocks fall after Citigroup dealFebruary 28th, 2009 NEW YORK - US stocks plunged Friday as the government took a bigger stake in Citigroup Inc and figures showed the economy shrank at a far greater pace than expected. The Commerce Department said Friday that the US economy shrank by 6.2 percent in the final quarter of 2008, the worst fourth-quarter showing by the country since the recession of 1982.
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