GDP

Australian Dollar

RBA expects annual growth to ease further in Q4

Australian GDP sank to 0.3 percent in the third quarter, significantly below analysts’ expectation of 0.7 percent, Australian Bureau of Statistics showed on Tuesday. In the second quarter, GDP grew by 0.5 percent. In the fourth quarter, the RBA is expecting the annual growth to ease to 2.5 percent and will probably be around 2.5% to 2.75%.

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European Central Bank

Euro zone risks return to contraction, China outlook smoggy

The euro zone economy may face another contraction after business activity grew less than expected in November despite heavy discounting, surveys on Wednesday showed, although Asian readings were more upbeat.

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Frankfurt, Germany

Euro zone economy looking set to contract in the new year: PMI

Heavy discounting failed to stop euro zone business activity growing less than thought last month, a survey showed on Wednesday, suggesting the bloc's economy may contract again early next year.

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U.S. Federal Reserve Vice Chair Stanley Fischer

Fed welcomes energy drop, shrugs off disinflation threat

The Federal Reserve is welcoming the sharp drop in global energy prices, with two influential policymakers on Monday cheering the boost it should provide American pocketbooks and shrugging off any pressure on already low inflation.

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Japan

Japan's third-quarter recession seen milder than feared as capex grows

Japan's fall into recession between July-September could turn out to be less severe than feared, with new capital expenditure figures out on Monday suggesting revisions will put the third quarter in a slightly more positive light.

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Black Friday Shopping

U.S. consumer, business spending data point to slowing growth

U.S. consumer spending rose modestly in October and a measure of business spending plans fell for a second straight month, suggesting some slowing in the pace of economic growth.

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Iron worker Tyler Brown leans on a safety fence to look at the New York skyline

U.S. economy resilient in third quarter as global growth cools

The U.S. economy grew at a much faster pace than initially thought in the third quarter, pointing to strengthening fundamentals that should help it weather slowing global demand.

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Financial Markets Tokyo

Asia shares climb on U.S. optimism, oil pressured before OPEC

Asian stocks edged up on Wednesday after data showing the U.S. economy growing at a relatively solid pace calmed investor anxiety over slowing global growth, while the Australian dollar languished near four-year lows against the dollar.

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Swiss National Bank

Euro zone's troubles, gold vote test Swiss central bank

The Swiss National Bank faces the biggest test of its cap on the franc in two years but may find it easier to defend now than when euro zone breakup fears were rampant and the strategy unproven.

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Japan's Prime Minister Abe

Japan's GDP 2014 News: Shrinks in third quarter; Prime Minister Shinzo Abe expected to call snap elections sooner to minimize parliamentary seats lost

Japan’s gross domestic product shrank by 1.6 percent in an annualized basis in the quarter ending in September, according to the preliminary report released by Cabinet Office.

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Tokyo

Tokyo shares skid as Japan slips into recession

Japanese stocks skidded on Monday, helping the yen rebound from a fresh seven-year low against the dollar touched after news Japan unexpectedly fell into recession in the third quarter.

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International Monetary Fund

IMF: Growth outlook weakened for Eurozone and Japan after October WEO

In a paper “Global Prospects and Policy Challenges” published ahead of the G20 Summit to be held on 15-16 November, the International Monetary Fund said that growth indicators have weakened in Eurozone and Japan after the release of the October World Economic Outlook (WEO).

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Japan

Japanese shares hit seven-year highs on tax-relief hopes

Japanese stocks scaled seven-year highs on Wednesday on growing expectations Prime Minister Shinzo Abe will postpone a planned sales tax hike to avoid damaging a fragile recovery, and call a snap election to bolster his political standing.

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Japan's Prime Minister Shinzo Abe

Japan's Abe to postpone tax hike, call December election: media

Japanese Prime Minister Shinzo Abe will postpone a planned tax increase and call a general election for December, a newspaper said on Wednesday, in what would be the biggest shift in Abe's economic policies since he came to power two years ago.

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OECD Logo

Global economy news 2014: OECD Economic Outlook points out key points for acceleration before G20 Leaders' Summit in Brisbane mid-November

The global economy is growing at a slower rate, but is expected to gather momentum gradually if countries implement growth-supportive policies.

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