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Koreans may feel further pinch despite economic recovery

SEOUL, Jan. 15 (Yonhap) -- The South Korean economy is expected to rebound this year, but Koreans are not likely to enjoy the economic recovery as fewer manufacturers plan to create jobs, data showed Wednesday. Korea's central bank forecast Asia's fourth-largest economy to grow 3.8 percent this year, but the employment-weighted growth rate is estimated to reach 3.4 percent, according to the Bank of Korea (BOK).

Koreans may feel further pinch despite economic recovery

SEOUL, Jan. 15 (Yonhap) -- The South Korean economy is expected to rebound this year, but Koreans are not likely to enjoy the economic recovery as fewer manufacturers plan to create jobs, data showed Wednesday. Korea's central bank forecast Asia's fourth-largest economy to grow 3.8 percent this year, but the employment-weighted growth rate is estimated to reach 3.4 percent, according to the Bank of Korea (BOK).

S. Korea's industrial output remains unchanged on-month in Nov.

SEJONG, Dec. 30 (Yonhap) -- South Korea's industrial output remained unchanged on-month in November, as declines in mining and manufacturing offset growth in other areas, a government report showed Monday. According to Statistics Korea, production in the mining, manufacturing, gas and electricity industries stayed flat last month compared with a month earlier. This followed a revised 2.1 percent gain tallied for October, which was a turnaround from the previous month's 2.3 percent fall.

U.S. 3rd-quarter growth revised upward to 4.1 pct

Washington, Dec 20 (EFE).- The U.S. economy expanded 4.1 percent in the third quarter, the fastest clip in two years, the Commerce Department said Friday in a revised estimate of the nation's gross domestic product. In a reading earlier this month, the government had said GDP grew at an annual rate of 3.6 percent. Consumer spending, which accounts for more than two-thirds of U.S. GDP, rose 2 percent between July and September as opposed to a preliminary estimate of 1.4 percent

Industrial output posts largest gain in a year

WASHINGTON (Reuters) - Industrial production recorded its largest increase in a year in November as mining and utilities output rebounded strongly, in the latest suggestion the economy is gaining steam as the year winds down. Industrial output increased 1.1 percent last month as auto production swung into higher gear, the Federal Reserve said on Monday. It was the largest rise since November last year. Production at the nation's mines, factories and power plants had edged up 0.1 percent in October.

Mexico economy rebounds to fastest growth in over a year

By Michael O'Boyle MEXICO CITY (Reuters) - Mexico's economy rebounded in the third quarter, growing at its fastest pace in more than a year, data showed on Thursday, while the government said rising exports pointed to a solid recovery after a sharp slowdown. Gross domestic product grew 0.84 percent in the third quarter compared with the second quarter, when it shrank by a revised 0.55 percent in its first contraction since 2009, according to a statement from the national statistics institute.

Mexico's economy grows 1.2 pct

Mexico City, Nov 21 (EFE).- Mexico's gross domestic product (GDP) grew 1.2 percent in the first nine months of 2012, compared to the same period last year, the National Institute of Statistics and Geography, or INEGI, said Thursday. GDP growth was boosted by a 2.3 percent gain in the service sector and growth of 0.60 percent in agriculture and mining, which made up for a 0.90 percent contraction in the industrial sector, the statistics agency said. Mexico's economy, Latin's America's second-largest economy, trailing only Brazil, grew 1.3 percent in the third quarter.

Malaysian economy picks up steam unexpectedly

Malaysia's economy grew at a better-than-expected 5.0 percent on year in the third quarter fuelled by robust domestic demand and an improvement in exports, the central bank said Friday. The economy expanded 4.4 percent in the second quarter. The services and construction sectors were the key drivers on the supply side while private and public consumption led the demand side, the central bank said. "The gradual recovery in the external sector will support growth," Zeti Akhtar Aziz, central bank governor was quoted as saying by Dow Jones newswire.

U.S. economy grows 2.8% in July-Sept. on strong housing investment

The U.S. economy grew an annualized real 2.8 percent in the third quarter of 2013, beating the average market estimate on the back of strong residential investment and exports, Commerce Department data showed Thursday. The overall growth in terms of inflation-adjusted gross domestic product marked the 10th straight quarter of expansion. The pace of GDP growth accelerated from 2.5 percent in the second quarter.

Analysis: Strained finances trip up French firms' recovery role

By Leigh Thomas PARIS (Reuters) - Squeezed by thin margins and high debt, French companies will struggle to ramp up the investment spending on which President Francois Hollande's government is banking to underpin a fragile recovery. Hollande's government has hung its 2014 recovery hopes on business investment taking over consumer spending's traditional role as the motor of growth in the euro zone's second largest economy.
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