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Friday 04th of February 2011

News Tag: lead

January 31, 2011

Philippines economy grows at record pace

by Kay Murchie
Philippines economy grows at record pace
The National Statistical Coordination Board has today revealed the Philippine economy grew at its fastest pace in 2010 - expanding by 7.3% from a year earlier. The growth was boosted by a rise in business and consumer spending and represented the fastest annual expansion since democracy was restored 24 years ago. The latest growth will be a boost for the previously underperforming economy ...



January 19, 2011

Germany lifts 2011 growth prospects

by Kay Murchie
”Germany
Europe’s powerhouse, Germany, is expected to see growth of 2.3% for 2011, as domestic demand is expected to strengthen. Europe’s largest economy will grow much faster in 2011, the Government said today, with the latest forecast much higher than the 1.8% estimated in October. Economy minister Rainer Bruederle said the economy had "achieved the comeback of the year in 2010", adding that 2011 would ...



April 27, 2010

South Korean GDP surges ahead in quarter one

by Kay Murchie
South Korean GDP surges ahead in quarter one
South Korea's economy, which is the third largest in Asia, expanded by 1.8% in the first three months of the year on the back of a strong recovery in manufacturing, exports and spending. Exports grew by 3.4% in the three month period after contracting 1.5%. Meanwhile, manufacturing grew 3.6% in the first quarter after shrinking 1.7% in the previous quarter. Like ...



April 14, 2010

Singapore economic growth surges ahead

by Kay Murchie
Singapore economic growth surges ahead
The Trade and Industry Ministry today announced that Singapore’s economy saw first quarter annualised growth of 32.1% - compared with a 2.8% fall in the previous quarter. According to the Ministry, the growth was driven by manufacturing activity and the central bank has therefore raised its 2010 growth forecast to between 7% and 9%. The figures come just a few months after ...



February 22, 2010

Taiwan and Thailand’s GDP surges due to demand from China

by Kay Murchie
Taiwan and Thailand’s GDP surges due to demand from China
There was further evidence of Asia leading the global recovery today after Taiwan's economy grew at an annualised rate of 18% in the final quarter of 2009. The strong performance was fuelled by demand for hi-tech products from top buyer China and other key export markets in the region. Last month, Taiwan exports experienced their strongest growth in more ...