Discussing the state of the U.S. economy, with Financial Services Committee chairman Rep. Jeb Hensarling, (R-Texas).» Read More
WASHINGTON, Aug 28- The U.S. economy rebounded more strongly than initially thought in the second quarter and details of a report on Thursday pointed to sustainable underlying strength.
U.S. jobless claims slid below the critical 300,000 level, and the economy grew at a quicker pace than estimated last quarter.
CNBC's Rick Santelli reports revised Q2 GDP resulted in 4.2 percent, and weekly jobless claims came in at 298,000.
US TREASURY YIELDS RISE SLIGHTLY AFTER JOBLESS CLAIMS, GDP DATA.
Do consumers care about GDP data? Drew Matus, UBS deputy chief U.S. economist, and CNBC's Steve Liesman, share their opinions.
Kobsak Pootrakool, Executive Vice President at Bangkok Bank, explains why he is confident that Thailand can see better economic growth by year-end.
The Philippine economy grew an annual 6.4 percent in the second quarter, supported by strong growth in the industrial and services sectors.
CORRECTED-CBO ESTIMATES 1.5 PCT U.S.
DEFICIT AT $469 BLN, OR 2.6 PCT OF GDP, FY 2016 DEFICIT AT $556 BILLION, OR 2.9 PCT OF GDP.
DEFICIT TO REACH 2.9 PCT OF GROSS DOMESTIC PRODUCT VS PREVIOUS ESTIMATE OF 2.8 PCT- CBO.
JERUSALEM, Aug 27- The Bank of Israel warned the government on Wednesday that the budget deficit would reach at least 3.5 percent of gross domestic product in 2015 if taxes aren't raised and state spending is not reduced.
After two consecutive years of sub-5 percent growth, India's economy looks to have snapped out of its funk in the April-June quarter.
TOKYO, Aug 26- The Bank of Japan is likely to keep its bullish inflation outlook even as it cuts its economic growth forecast for this fiscal year in an October report, sources said, suggesting that the bank will not ease policy further at least until the end of 2014..
Thailand's junta wants to sell a positive story about its coup saving a troubled economy, but there is little evidence yet of a sustainable recovery.
Come Thursday, markets will be digesting a new round of manufacturing data from China, when HSBC releases the flash estimate of the PMI for August.
Gross domestic product losses are projected at 12.6 percent for the Maldives, 9.9 percent for Nepal, 9.4 percent for Bangladesh and 8.7 percent for India by 2100.. Bangladesh, Bhutan, India, Nepal and Sri Lanka will lose 2 percent, 1.4 percent, 1.8 percent, 2.2 percent, and 1.2 percent, respectively, by 2050..
*Q2 GDP +1.9 pct y/y, +0.2 q/q. SANTIAGO, Aug 18- Chile's gross domestic product grew at its weakest pace since 2009 in the second quarter as investment waned and a previously rapid expansion in consumer spending slowed, central bank data showed on Monday. Chile's economy has been cooling rapidly as a downturn in mining investment has spread to other sectors.
SANTIAGO, Aug 18- Chile's gross domestic product grew 1.9 percent in the second quarter compared with a year ago, the central bank reported on Monday, which would be the country's weakest quarterly growth since 2009.. Compared to the first quarter, Chile's economy grew 0.2 percent in the April to June period, slightly above market forecasts for a flat performance.
Santitarn Sathirathai, Head of Southeast Asia and India Economics Research at Credit Suisse, outlines the domestic and external factors that will likely impact the Thai economy.