Growth

Trinidad and Tobago - Annual Report 2007

Trinidad and Tobago's external position remained robust as a result of high energy prices, with a current account surplus estimated at 20% of GDP, reveals the Central Bank of Trinidad and Tobago's latest annual report.

Korean growth slows

Korea's economy slowed in June as the pace of CPI inflation picked up. The increase in the CPI was mainly due to high oil prices, said the Bank of Korea in its second quarterly bulletin for 2008.

Czech financial assets growth sluggish

Growth in the total financial assets in the Czech economy dipped in the first quarter of 2008 to 1%, according to a quarterly financial accounts report from the Czech National Bank.

Japan lowers growth forecast

The Bank of Japan has revised down its growth estimate for this year on the back of flagging business fixed investment and poor private consumption figures.

RBI's Reddy on India's fiscal deficit

India must reduce its fiscal deficit but this must not limit the government's ability to promote inclusive growth, Y.V. Reddy, the governor of the country's Reserve Bank, believes.

Why do growth rates differ?

Differences in growth rates can be largely explained by capital deepening and an ability to produce new technology in the form of patents, research published by the Bank of Finland finds.

Japan lowers growth forecast

The Bank of Japan has chopped more than half a point off its growth estimate for 2008 and warned that in a highly uncertain climate, downside risks to the economy could further limit expansion.

Ireland's Hurley confident on outlook for 2008

The Irish economy and its banking sector will continue to demonstrate their strength against the background of a challenging international environment this year, John Hurley, the governor of the Central Bank & Financial Services Authority of Ireland,…

Exporters create more jobs

Firms participating in international markets have higher employment growth rates than purely domestic companies, research published by the National Bank of Belgium finds.

Irish economy to weaken in 2008

The Central Bank & Financial Services Authority of Ireland on Friday said that the pace of growth was set to fall this year as a result of both international and domestic factors.

IMF lowers growth outlook

The International Monetary Fund (IMF) said on Tuesday that it expects global growth to slow to 4.1% this year, down from 4.9% in 2007.

Factors behind income growth are hard to fathom

Assessing the factors involved in income growth is difficult because small changes in the relative fit of certain models can lead to substantial differences regarding growth determinants, research published by the European Central Bank finds.

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