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CMIE Lowers India's Economic Growth To 8.2% This Year (Nasdaq)
(RTTNews) - Economic think-tank Centre for Monitoring Indian Economy or CMIE lowered India's economic growth projection to 8.2% from earlier projected 8.7% for this fiscal year, reported PTI quoting a CMIE analyst.
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New Zealand Sept. Quarter Economic Growth Eases - NBNZ Survey (Nasdaq)
(RTTNews) - New Zealand's economic growth eased to 0.2% annually in the September quarter from 0.8% recorded in the previous quarter, the Regional Trends Survey from the National Bank of New Zealand or NBNZ showed Thursday.
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Regional economic group forecasts diminished growth in Peru, China and other pacific nations (Minneapolis-St. Paul Star Tribune)
LIMA, Peru - The Pacific Economic Cooperation Council says China's and Peru's robust growth rates of 9.3 and 9.2 percent respectively will fall in 2009, but Peru's drop-off will be more pronounced.
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Pacific Economic Council Sees Slowing GDP Growth In Region (Nasdaq)
LIMA -(Dow Jones)- The non-governmental Pacific Economic Cooperation Council said Wednesday it expects real gross domestic product growth for the Asia- Pacific region to slow to 1.2% in 2009 from around 3.5% in 2007 and 2008.
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U.S. Fed lowers forecasts for economic growth in 2008, 2009 (People's Daily)
The U.S. Federal Reserve on Wednesday lowered its forecasts for economic growth this year and next, acknowledging the possibility of a recession into 2009. The U.S. economy would remain "very weak" next year and "the subsequent pace of recovery would be quite slow," according to the minutes of the Fed's last policy-making meeting held late October. Under its new forecasts, the Fed now believes ...
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Report: Global financial crisis top risk to Asia-Pacific economic growth (People's Daily)
The current global financial crisis will be the most serious risk facing the Asia-Pacific region in the next 12 months, the Pacific Economic Cooperation Council (PECC) said Wednesday. The financial turmoil, triggered by the subprime crisis in the United Stated, would affect the economic growth in the region, Yuen Pau Woo, co-author of the State of the Region report, told a news conference in ...
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CMIE revises down economic growth to 8.2 % (Express India)
Economic think-tank CMIE on Wednesday scaled down projections for the country's economic growth to 8.2% from the earlier 8.7% for this fiscal as global financial crisis would lead to slower than expected growth in industrial and services sectors.
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Aust economic growth slumps (Stuff)
Australia's projected economic growth pace has suffered the biggest monthly slump since the mid-1980s, which increases the risk of a recession in early 2009, a report shows.
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Fed minutes: may need more rate cuts if growth ebbs (Reuters via Yahoo! News)
Federal Reserve officials slashed economic growth forecasts through 2009 and some believed even deeper interest rate cuts may be needed if growth slows further, minutes of their October policy meeting show.
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APEC official:Structural reform essential to economic growth (People's Daily)
Structural reform in the economies of APEC members can help them respond to the financial crisis and continue their growth during the global recession, an APEC official told a press conference here on Tuesday. Robert Buckle, who chairs the Economic Committee of the Asia-Pacific Economic Cooperation (APEC) Secretariat, made the remarks when briefing reporters on the activities of the committee. ...
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