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Friday, May 16, 2008
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Japan's economy grows at 3.3 per cent annual pace in first quarter
Summary from multiple countries, from articles in English
The stronger-than-expected figures come a day after the German government said its economy grew 1.5 per cent in the first quarter, contrasting with the US's 0.1 per cent increase. (article 6) France's rate of growth in the first quarter was twice the 0.3 per cent recorded for the last three months of 2007 and well above economists' consensus forecasts of 0.4 per cent, according to official figures published on Thursday. (article 3) UNITED NATIONS - The world economy is "teetering on the brink" of a severe downturn and is expected to grow only 1.8 per cent in 2008, the United Nations said in its mid-year economic projections Thursday. (article 4) " The baseline forecast projects a pace for world economic growth of 1.8 per cent in 2008 the UN report said. (article 4) Defying the global economic storms, German gross domestic product in Europe's largest economy increased by 1.5 per cent in the first quarter - the fastest quarterly rate for almost 12 years, the country's statistical office revealed on Thursday. (article 7) The economy expanded by only 0.3 per cent in the first quarter, compared with 0.8 per cent in the last quarter of 2007, and 0.9 per cent in the first quarter of 2007, according to preliminary government data published yesterday. (article 1)

Other summaries about this story:
  • Summary from the United Kingdom, from articles in English (2 articles) [compare]
  • Summary from Canada, from articles in English (2 articles) [compare]
  • Summary from United States, from articles in English (7 articles) [compare]

  • Other stories about cent, growth and quarter:
  • Desjardins almost doubles ABCP writedowns with $220M Q1 writedown (4 articles)
  • Surprise manufacturing retreat raises concerns growth could slip below zero (4 articles)

  • Event tracking:
  • Track this story's development in time

  • Story keywords
    cent, growth, quarter, inflation, slowdown

    Source articles
    1. Spanish growth slowdown continues (ft.com, 05/14/2008, 581 words)
    2. Uncertain German future despite robust data (ft.com, 05/15/2008, 508 words)
    3. Surge in exports lifts French GDP (ft.com, 05/15/2008, 282 words)
    4. World economy "teetering on brink" of downturn, UN says (cbc.ca, 05/15/2008, 591 words)
    5. Japan's economy grows at 3.3 per cent annual pace in first quarter (cbc.ca, 05/15/2008, 392 words)
    6. Japan shows surprise growth spurt (ft.com, 05/16/2008, 353 words)
    7. German growth helps spur eurozone (ft.com, 05/15/2008, 479 words)
    8. Eurozone growth fails to halt fear of effects from global downturn (business.timesonline.co.uk, 05/16/2008, 698 words)
    9. Euro growth better than expected (BBC News, 05/15/2008, 135 words)
    10. No interest rate cut for two years, Bank warns (ft.com, 05/14/2008, 549 words)
    11. Sales slump sends NZ dollar to 3-month low (ft.com, 05/15/2008, 648 words)




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