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Allaying apprehensions that when the country's economy enters the growth trajectory of over 7 per cent it will lead to higher inflation, the government has said there need not be a correlation between the two. "...high growth of GDP of 9.3 per cent
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On Friday, the government reported that the economy grew by an annualized 2.5 percent during the first quarter. The awful 0.4 percent result seen in the fourth quarter was largely sloughed off as caused by a number of one-time factors. Analysts
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The U.S. economy grew at a 2.5 percent annual rate in the first quarter of 2013, the Bureau of Economic Analysis estimated Friday morning . That's modest growth, and was below the 3.2 percent pace economists had expected to hear about.
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Britain finds out on Thursday if its stagnant economy has slipped back into recession , a week after the International Monetary Fund urged finance minister George Osborne to consider scaling back his austerity program. Economists estimate that
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Fonterra, which collects most of the milk that ends up in New Zealand household fridges, won't be drawn on whether surging world dairy prices will soon see price spikes at the supermarket chiller. Drought in the North Island and a general squeeze on
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The Bureau of Statistics gross domestic product (GDP) figures show the economy's output rose 0.6 per cent over the final three months of last year, bringing economic growth for 2012 to 3.1 per cent. Both figures were roughly in line with average
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Private investment fell 1 per cent while there was a 0.4 per cent slide from changes in inventories. The mining, manufacturing, health and finance sectors all contributed about 0.1 per cent to GDP growth. At the same time, the terms of trade fell by
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Brazil The Brazilian government is hoping to get South America's largest economy kicking again. It has yanked down interest rates to record lows and kept the value of the real, the Brazilian currency, in check. The government has even doled out tax
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The U.S. economy grew at a 0.1 percent annual rate from October through December, the weakest performance in nearly two years. But economists believe a steady housing rebound and solid business and consumer spending is pushing growth higher in the
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The US economy barely grew in the fourth quarter although a slightly better performance in exports and fewer imports led the government to scratch an earlier estimate that showed an economic contraction. Gross domestic product expanded at a 0.1 per
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