Tag Archives: recession

Euro-Area Exports Decline for Second Month Amid Recession

17 Dec

E.U.Exports from the 17-nation currency bloc declined a seasonally adjusted 1.4 percent from September, when they fell 1.3 percent, the European Union’s statistics office in Luxembourg said today. Imports rose 0.6 percent in October and the trade surplus narrowed to 7.9 billion euros ($10.4 billion) from a revised 11 billion euros in the previous month. Labor- cost growth accelerated to 2 percent in the third quarter from 1.9 percent in the prior three months, a separate report showed.

Exports from Germany fell 3.6 percent in October from the prior month, while imports increased 3.4 percent, today’s report showed. France and Italy reported export declines of 2.1 percent and 1.4 percent, respectively. Shipments from Spain rose 3.8 percent.

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Japan in recession, BoJ eyes stimulus

11 Dec

Japan – the world’s third largest economy – has fallen into recession, hit by sluggish exports to China.
Revised official data on Monday morning showed that the Japanese economy shrank very slightly in the second quarter of 2012, by 0.03%, before contracting by 0.9% between July and September.

Analysts expect the country to stay in recession in the final quarter of the year, ratcheting up the pressure on the government to take steps to boost the economy in the runup to the general election on 16 December.

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