Tag: GDP

• Wednesday, August 18th 2010 - 04:28 UTC

  China points out: second-largest economy but not second largest economic power

  

  This week’s news that China had overtaken Japan to become the world's second-largest economy in the second quarter of this year made headlines around the world. The economic milestone was seen as a telling confirmation of the shifting balance of economic power in Asia, and as a culmination of China's stunning three-decade economic resurgence.

• Tuesday, August 10th 2010 - 11:39 UTC

  Chilean economy recovering strongly shows Central bank data

  

  Chile’s Central Bank released the Economic Activity Index (IMACEC) results for June on Sunday showing an increase in economic activity of 6.8%, over June 2009. The results showed an increase in activity across the board — from the transportation and electric industries, to gas and water.

• Tuesday, July 27th 2010 - 23:51 UTC

  Fitch upgrades Uruguay’s debt to BB, just below investment grade

  

  Citing the “increased resilience to external shocks” Fitch upgraded Uruguay to BB from BB-, two levels below investment-grade and in line with Standard & Poor's. Moody's Investors Service rates Uruguay at Ba3, three levels below investment grade. Fitch last increased the country's rating in July 2007, taking it up one level from B+.