Growth
BoC Dodge says low rates best way to support econ
CANADA - Bank of Canada governor David Dodge in a speech on Thursday 29 November said the best way to support the country's economy was to boost growth by cutting interest rates - which is what the central bank was doing.
Austrian c bank - ECB not relaxing stability pact
AUSTRIA - Austrian central bank Governor Klaus Liebscher Friday said the European Central Bank's stance on the euro-zone's Stability and Growth Pact won't be relaxed.
Germany slips into recession in third quarter
GERMANY - Germany's economy slipped into technical recession in the third quarter, after poor figures for gross domestic product growth confirmed a decline for the second three-month period running.
Trichet sees 0.3% growth in France in 4th quarter
FRANCE - Bank of France Governor Jean-Claude Trichet expects French economic growth at 0.3% in the fourth quarter of 2001, following estimated 0.3% growth in the third quarter, according to an interview Monday in French daily newspaper La Croix.
Eurozone economy 'is on the brink of recession'
ARTICLE - The eurozone economy may shrink in the fourth quarter of this year, and there is a risk of outright recession, according to the latest growth indicator produced for the Financial Times, FT Deutschland and Les Echos.
Bleak outlook for Asian growth
ASIA - The era of the "Asian Tigers" is over, at least for the next 12 months, as economic growth in Asia slows sharply in the wake of 11 September.
IMF cuts forecast for growth in France
FRANCE - The International Monetary Fund, blaming the effects of the September 11 terrorist attacks in the US, has cut its forecast for French economic growth next year to around 1.6 per cent from an earlier prediction of 2.1 per cent.
Bank of Japan warns of recession
JAPAN - The Bank of Japan has acknowledged the world's second largest economy will shrink this year by cutting a growth forecast for 2001 that many economists have long viewed as unrealistic.
Germany 'on the brink of recession' - Report
GERMANY - Germany has suffered a sharp fall in growth this year and the recovery next year is likely to be very slight, a bi-annual report from the country's top six economic institutes has warned.
Fed nominees pledge inflation fight, help growth
US - Two candidates for the Federal Reserve board, Susan Bies and Mark Olson, Wednesday gave their support to the U.S. central bank's dual mandate of fighting inflation and pursuing steady economic growth.
Expectations of rate cut up in ECB monthly report
GERMANY - The European Central Bank yesterday strengthened expectations that it will cut interest rates soon by saying the eurozone faced moderate inflationary pressures but continuing risks to economic growth.
Fed's Ferguson - Long term US econ prospects sound
US - Federal Reserve Vice Chairman Roger Ferguson on Tuesday said the U.S. economy's longer-term prospects "remain sound," but said it is not known how long it will be before U.S. economic growth begins to recover from the events of 11 September.
ECB's Issing: Unlikely HICP below 2% by end 2001
GERMANY - European Central Bank Chief Economist and Executive Board member Otmar Issing said Monday 15 October that third quarter euro-zone growth figures to be published by Eurostat in December aren't likely to be encouraging.
IMF upbeat on Russia
RUSSIA - The International Monetary Fund (IMF) has expressed confidence in the Russian economy, which it said is set to weather the downturn in oil prices and global growth.
BoJ fund draining casts doubt over prospects
JAPAN - The Bank of Japan has withdrawn much of the extra money that it pumped into the Japanese economy in the wake of the 11 September terrorist attacks, casting further doubts over the country's dismal growth outlook.
US economy in freefall
The US economy, which makes up one quarter of world economic output, is slowing sharply, and bringing down growth throughout the rest of the world.
Price and exports falls hit Africa
Economic growth in Africa is projected to reach 4% this year, according to a report by the International Monetary Fund (IMF).
UK growth predicted 'to fall sharply'
UK - A leading think tank has forecast a sharp slowdown in the UK economy next year as a result of the suicide attacks on Washington and New York.
Welteke: No need to be too pessimistic on economy
GERMANY - Deutsche Bundesbank President Ernst Welteke said today, Wednesday 19 September, cautioned against being overly pessimistic about German economic growth prospects in the wake of last week's terrorist attacks on the U.S.
Eurozone growth slows to a crawl
EUROPE - Growth in the eurozone has slowed to a crawl, with the likelihood of a sustained slowdown heightened by this week's terrorist attacks on the US, gurus have warned.
Economist group sees slower growth ahead this year
US - The National Association for Business Economics has revised down its estimates of U.S. growth for both this year and next.
Is Chavez talking Venezuela into currency crisis?
VENEZUELA - Venezuela is enjoying high oil prices and one of Latin America's healthiest growth rates, but outspoken President Hugo Chavez may be literally talking his country into a currency crisis, economists said on Friday 7 Sep.
Welteke: Signs pointing to recovery in 2nd half
IRELAND - Deutsche Bundesbank President Ernst Welteke Tuesday 4 Sep expressed hopes that Germany's economic growth rate will begin to pick up later this year.
IMF to cut global forecasts
US - The IMF has cut its forecast for world economic growth this year to 2.8% from 3.2%, Reuters reported on 29 August citing unnamed sources at the international lender.