03-01-2009, 08:44 PM
Dear Members,
From Wikipedia, the free encyclopedia
In economics, the term recession generally describes the reduction of a country's gross domestic product (GDP) for at least two quarters.[1][2] The usual dictionary definition is "a period of reduced economic activity", a business cycle contraction.[3][4]
The United States-based National Bureau of Economic Research (NBER) defines economic recession as "a significant decline in [the] economic activity spread across the country, lasting more than a few months, normally visible in real GDP growth, real personal income, employment (non-farm payrolls), industrial production, and wholesale-retail sales."[5].
Outlook Gulf
For 2009 George Abed, Senior Advisor to the Managing Director of the Institute of International Finance (IIF). Abed's figures showed the overall GDP growth is projected at about 1.2 per cent in Saudi Arabia, 2.3 per cent in the UAE, 1.2 per cent in Kuwait, nine per cent in Qatar, and nearly five per cent in Oman and Bahrain. In 2008, nominal GDP jumped by nearly 30 per cent to smash through the $1-trillion mark for the first time mainly because of higher crude output, a sharp rise in oil prices and increased investments, Abed said.
(http//www.gowealthy.com/gowealthy/wcms/en/home/news/economy/UAE-GDP-1231052789771.html)
The UAE economy is poised to grow at a rate of around 6 per cent in 2009, reported Dubai-based daily Business 24-7. The robust performance by the country's non-oil sector will help the region withstand the global credit crunch.
Figures released by investment bank Morgan Stanley show that the UAE's gross domestic product has grown at about 9 per cent annually since 2003, while GDP per capita stood at approximately AED210,000, up 130 per cent since 2003.
(http//www.thebriefonline.com/show/uae-gdp-to-grow-in-2009)
Outlook China
BEIJING, Feb 27 (APP) China was confident of achieving its 8 percent gross domestic product (GDP) growth target for 2009, Vice Minister of the National Development and Reform Commission Liu Tienan, told a press conference Friday.
(http//www.app.com.pk/en_/index.php?option=com_content&task=view&id=69442&Itemid=2)
Outlook Pakistan
LAHORE (March 01, 2009) Former finance minister, Dr Salman Shah, has said that this year Pakistan's GDP growth is expected to be less than 2 percent, lowest in 10 years, as irrationally high interest rates and tight monetary policy of the State Bank of Pakistan was holding back the growth.
(http//www.brecorder.com/index.php?currCSS=brecorder.css&currDate=2009-03-01&currMIndex=00&currSIndex=Top%20Stories&currNIndex=&currPageNo=4&query=&search=&term=&supDate=)
From Wikipedia, the free encyclopedia
In economics, the term recession generally describes the reduction of a country's gross domestic product (GDP) for at least two quarters.[1][2] The usual dictionary definition is "a period of reduced economic activity", a business cycle contraction.[3][4]
The United States-based National Bureau of Economic Research (NBER) defines economic recession as "a significant decline in [the] economic activity spread across the country, lasting more than a few months, normally visible in real GDP growth, real personal income, employment (non-farm payrolls), industrial production, and wholesale-retail sales."[5].
Outlook Gulf
For 2009 George Abed, Senior Advisor to the Managing Director of the Institute of International Finance (IIF). Abed's figures showed the overall GDP growth is projected at about 1.2 per cent in Saudi Arabia, 2.3 per cent in the UAE, 1.2 per cent in Kuwait, nine per cent in Qatar, and nearly five per cent in Oman and Bahrain. In 2008, nominal GDP jumped by nearly 30 per cent to smash through the $1-trillion mark for the first time mainly because of higher crude output, a sharp rise in oil prices and increased investments, Abed said.
(http//www.gowealthy.com/gowealthy/wcms/en/home/news/economy/UAE-GDP-1231052789771.html)
The UAE economy is poised to grow at a rate of around 6 per cent in 2009, reported Dubai-based daily Business 24-7. The robust performance by the country's non-oil sector will help the region withstand the global credit crunch.
Figures released by investment bank Morgan Stanley show that the UAE's gross domestic product has grown at about 9 per cent annually since 2003, while GDP per capita stood at approximately AED210,000, up 130 per cent since 2003.
(http//www.thebriefonline.com/show/uae-gdp-to-grow-in-2009)
Outlook China
BEIJING, Feb 27 (APP) China was confident of achieving its 8 percent gross domestic product (GDP) growth target for 2009, Vice Minister of the National Development and Reform Commission Liu Tienan, told a press conference Friday.
(http//www.app.com.pk/en_/index.php?option=com_content&task=view&id=69442&Itemid=2)
Outlook Pakistan
LAHORE (March 01, 2009) Former finance minister, Dr Salman Shah, has said that this year Pakistan's GDP growth is expected to be less than 2 percent, lowest in 10 years, as irrationally high interest rates and tight monetary policy of the State Bank of Pakistan was holding back the growth.
(http//www.brecorder.com/index.php?currCSS=brecorder.css&currDate=2009-03-01&currMIndex=00&currSIndex=Top%20Stories&currNIndex=&currPageNo=4&query=&search=&term=&supDate=)
