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Economic Reports GDP

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  • SYDNEY, Sept 2- Australia experienced the slowest economic growth in two years over the second quarter due in part to a sharp fall in export volumes, official data showed on Wednesday, knocking the Australian dollar to its lowest in over six years. The Australian Bureau of Statistics said gross domestic product expanded by 0.2 percent in the second quarter, down...

  • Harvey Norman: Australian economy 'feels pretty good'

    Gerry Harvey, chairman of Harvey Norman, says its businesses have been doing "better than they've been for a long time" and explains why the recent market turmoil is beyond his comprehension.

  • Investors are right to be fearful of China: Pro Tuesday, 1 Sep 2015 | 9:25 PM ET
    Investors are right to be fearful of China: Pro

    Joe Magyer, senior analyst at The Motley Fool, explains why he describes Beijing's recent policy support moves as "trying to fight off a hangover by taking more drinks."

  • Australia growth risks skewed to the downside: Pro Tuesday, 1 Sep 2015 | 6:39 PM ET
    Australia growth risks skewed to the downside: Pro

    Michael Blythe, chief economist at Commonwealth Bank, says Australia's economy still faces several challenges including the downturn in mining activities and its large exposure to China.

  • OTTAWA, Sept 1- The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices taking a toll as business investment fell and inventory accumulation slowed. Gross domestic product contracted at an annualized 0.5 percent rate in the second quarter, Statistics...

  • Will the Fed raise rates in September? Tuesday, 1 Sep 2015 | 5:50 AM ET
    Will the Fed raise rates in September?

    Scott Shellady, senior vice president of derivatives for TJM Investments, discusses markets, U.S. GDP data and whether the Federal Reserve will decide to raise rates this month.

  • SYDNEY, Sept 1- Australia's central bank kept interest rates at a record low on Tuesday in a widely expected decision ahead of GDP data that is likely to show economic growth shifted a gear lower in the second quarter. The Reserve Bank of Australia left the cash rate at 2.0 percent, where it has been since May. "In Australia, most of the available information suggests...

  • How long can government spending spur India's growth? Tuesday, 1 Sep 2015 | 12:42 AM ET
    How long can government spending spur India's growth?

    Pranjul Bhandari, chief India economist at HSBC, expects lower oil prices to replace government spending as the key driver of growth in India in the second-half of the year.

  • Will India benefit from interest-rate divergence? Monday, 31 Aug 2015 | 11:42 PM ET
    Will India benefit from interest-rate divergence?

    Radhika Rao, economist at DBS, discusses veteran fund manager Mark Mobius' comments that an interest rate divergence between the U.S. and India will benefit the latter.

  • Don't be swayed by market volatility: Expert Monday, 31 Aug 2015 | 10:15 PM ET
    Don't be swayed by market volatility: Expert

    Sandy Lincoln, chief market strategist at BMO Asset Management, remains modestly overweight on equities due to factors such as a "pretty solid" U.S economic recovery.

  • China will grow 7-8% over next decade: Professor Monday, 31 Aug 2015 | 7:42 PM ET
    China will grow 7-8% over next decade: Professor

    Aleh Tsyvinski, professor at the department of economics at Yale University, explains why he's optimistic that China can achieve 7-8 percent growth in the next 10-15 years.

  • Goldman takes a knife to China GDP forecasts Monday, 31 Aug 2015 | 2:45 AM ET

    Goldman Sachs slashed its China's growth forecast over the next three years amid broadening pessimism over the health of the country's economy.

  • India GDP likely eased in April-June Monday, 31 Aug 2015 | 12:42 AM ET
    India GDP likely eased in April-June

    While India's new GDP methodology remains confusing, Vishnu Varathan, senior economist at Mizuho Bank, explains why GDP has still eased from the first three months of the year.

  • India's latest GDP data could give Modi a boost Sunday, 30 Aug 2015 | 9:06 PM ET

    India should offer hope to the world as it remains the fastest growing major economy for the second quarter running.

  • For a glimpse of China's future, see '90s Japan Sunday, 30 Aug 2015 | 9:04 PM ET

    China's troubles are more akin to the abrupt end of Japan's boom in the 1990s than the global financial crisis.

  • Indian economy offers hope as China struggles Sunday, 30 Aug 2015 | 5:00 PM ET

    NEW DELHI, Aug 31- For investors worried about the health of emerging economies, India's gross domestic product data for April-June should supply some cheer on Monday- the country is expected to remain the fastest growing major economy for a second straight quarter. But doubts persist over India's new way of calculating GDP, introduced early this year, even...

  • RIO DE JANEIRO— The bottom seems to have fallen out of Brazil's economy, with the government reporting Friday that the gross domestic product plunged 1.9 percent in the second quarter alone, once again throwing the nation into a technical recession. Like most Latin American nations, Brazil has been hurt by the plunge in commodity prices and the slowdown in China,...

  • *Asia stocks rise on Wall Street surge, upbeat U.S. data. Financial spreadbetters expected Britain's FTSE 100 to open around 8 points, or 0.1 percent, higher, Germany's DAX to open up around 13 points, or 0.1 percent, and France's CAC 40 to start the day about 8 points, or 0.2 percent, higher. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.2 percent.

  • SYDNEY, Aug 28- Copper edged down in Asian trading on Friday following strong gains overnight, but traders said the metal remained underpinned by a second day of resurgent Asian equities and higher oil prices. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the...

  • *Asia stocks rise on Wall Street surge, upbeat US data. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the second quarter- a reassuring sign amid worries over deepening economic woes in China. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.3...