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Geplaatst: 15-06-2018 02:08:37 Onderwerp: Japanese Prime Minister |
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BRUSSELS, Nov. 14 (Xinhua) -- Seasonally adjusted Gross domestic product (GDP) in the eurozone expanded by 0.2 percent in the third quarter of 2014 from the previous quarter, with its two biggest economies German and France both narrowly escaped a new recession Nico Elvedi Switzerland Jersey , according to flash estimates published by the European Union (EU) statistical office Eurostat on Friday.
Meanwhile, the economy in the 28-nation European Union (EU) expanded 0.3 percent from the previous quarter, the statistics office said.
Technically, since two consecutive quarters of falling GDP was defined as recession, both Germany and France escaped from a new recession.
Figures show that in Europe's powerhouse Germany Michael Lang Switzerland Jersey , the GDP increased by 0.1 percent in the third quarter, following a contraction of 0.1 percent in the second quarter.
French economy expanded by 0.3 percent in the period from July to September after shrinking by 0.1 percent in the previous quarter.
While the GDP of Italy recorded a 0.1 percent of contraction in the third quarter after a 0.2 percent shrinking in the previous quarter thus the third largest economy in the eurozone was trapped into a new recession.
In contrast, most peripheral countries continue to grow at relatively strong rates with Greek economy posting an increase of 0.7 percent quarter-on-quarter, Spain up at 0.5 percent.
Analysis said though the overall 0.2 percent increase of GDP in the eurozone was more strongly than expected, the economy of the 18-nation bloc remains sluggish and could need more stimulus.
"In such a loose monetary context today's figures are a great disappointment and highlight the need for fiscal expansion to support efforts on the monetary side Marwin Hitz Switzerland Jersey ," said Danae Kyriakopoulou, economist at the Center for Economics and Business Research in Britain.
By Jon Day
TOKYO, Nov. 18 (Xinhua) -- Japanese Prime Minister Shinzo Abe announced Tuesday his plans to dissolve the lower house of parliament on Friday and hold a general election on Dec. 14, vowing to step down as the nation's leader if the ruling bloc fails to secure a majority vote in the most powerful chamber.
Abe told a news conference that his decision was based on his hopes to gain public support for delaying a hike in the nation's consumption tax from October 2015 as per the previous administration's charter, by 18-month to April 2017.
The move Johan Djourou Switzerland Jersey , widely expected following a monumental contraction in the nation's gross domestic product released Monday, according to Abe, was based on clear economic indicators that the world's third- largest economy is far from returning to a recovery path and fears that proceeding with a . Wholesale Jerseys Free Shipping Wholesale Jerseys China Free Shipping Wholesale Jerseys China Cheap Wholesale Jerseys China Wholesale NHL Jerseys China Wholesale Throwback NFL Jerseys Wholesale Throwback NCAA Jerseys Wholesale NBA Jerseys Online Cheap Jerseys China Cheap NHL Jerseys |
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