Slowing Malaysian economy poses challenge for Mahathir government

By Joseph Sipalan KUALA LUMPUR, May 17 : Malaysia’s annual economic growth slowed to 5.4 percent in the first quarter of 2018, leaving the country’s new government with the task of turning around an economy that has decelerated for two consecutive quarters. Releasing the latest gross domestic product data on Thursday, the central bank said […]

South African Q4 GDP grows above forecasts as rating decision nears

By Mfuneko Toyana PRETORIA, March 6 : South Africa’s economy grew more than expected at the end of last year as agriculture and trade recovered, data showed on Tuesday, boosting its chances of avoiding a potentially debilitating credit ratings downgrade. The easing of a drought boosted the above-forecast rise in GDP in the fourth quarter. […]

Japan’s Q3 growth twice as fast as first estimated, outlook brightens

By Stanley White TOKYO, Dec 8 : Japan’s economy grew twice as fast as originally estimated in the third quarter thanks to big gains in capital expenditure, revised data showed on Friday, with expansion seen to continue thanks to buoyant exports. The economy grew an annualised 2.5 percent in July-September, handily beating the preliminary reading […]

Israel revises down second-quarter economic growth as imports rise

By Steven Scheer JERUSALEM, Sept 17 : Israel revised down its second quarter economic growth to an annualised 2.4 percent on Sunday as a rise in imports weighed. The economy still accelerated sharply from an annualised 0.6 percent expansion in the first quarter as a rebound in private consumption overshadowed falling exports. However, the pace […]

Australia economy rebounds in Q2 amid infrastructure bonanza

By Wayne Cole SYDNEY, Sept 6 : Australia’s economy rebounded last quarter as consumers and government spent freely after a weather-beaten start to the year, while a long downturn in mining investment finally loosened its deadening grip on growth. Wednesday’s GDP report showed the economy expanded 0.8 percent in the second quarter, up from 0.3 […]

Swiss economy grows at weakest annual pace since late 2009

By John Revill ZURICH, Sept 5 : Switzerland’s economy grew at its slowest annual rate in nearly eight years in the second quarter, according to data likely to reinforce expectations that the Swiss National Bank will keep monetary policy ultra-loose when it meets next week. Tepid consumer demand and weaker foreign trade weighed on the […]