GDP UPDATE HEADLINES
September/October 2014
TABLE OF CONTENTS
AMERICAS
United States
Argentina
ASIA
Australia
China
India
Malaysia
Singapore
EUROPE / AFRICA / MIDDLE EAST
Africa
Germany
Greece
Nigeria
Switzerland
United Arab Emirates
The Bureau of Economic Analysis released its third estimate of real gross domestic product for the second quarter of 2014 — covering April, May and June of this year. The release showed output in the U.S. increasing at an annual rate of 4.6%. This is relative to the first quarter when real GDP declined a sharp 2.1%. (The remaining text is not included in this sample.)
Argentina’s gross domestic product was unchanged in the second quarter from a year earlier, the government, reviving doubts over the veracity of the data after JPMorgan Chase & Co. estimated a 1.7% contraction.
First-quarter figures were also revised to an expansion of 0.3% from a 0.2% contraction, the national statistics agency said. From the previous three months, the economy grew 0.9% after shrinking for two quarters. (The remaining text is not included in this sample.)
Global growth will improve to around 3.5% year-on-year throughout 2015 and 2016, as US and India experience faster growth and Latin America normalizes, NAB said in an update of its global and Australian forecasts.
However, the report downwardly revised forecasts for Australian economic growth, amid a weaker third quarter and deteriorating terms of trade. NAB expects GDP growth at 2.8% during fiscal 2015, down 0.1%, and 3.2% for fiscal 2016, down 0.2%. (The remaining text is not included in this sample.)
China's economy likely grew at its weakest pace in more than five years in the third quarter as a property downturn weighed on demand, a Reuters poll showed, raising the chances of more aggressive policy steps that may include cutting interest rates.
The economy may have expanded 7.3% in the third quarter from a year earlier - the weakest reading since the first quarter of 2009, when growth hit 6.6% during the height of the global crisis, according to a poll of 20 economists.
None of the economists believed Q3 growth will dip below 7%, although four penciled in 7.1% and one expected 7%. (The remaining text is not included in this sample.)
ndiaCome 2015 economy watchers and experts will have more updated GDP data to analyze the Indian economy that is showing signs of reversing two years of slump. The statistics office said that the base year of GDP will be revised to 2011-12 and the new data will be available from 2015.
The overhaul of the GDP is expected to expand the size of the Indian economy, due to broadening of coverage of unorganized sectors, agriculture and corporate sector.
"In accordance with the recommendation of the National Statistical Commission to revise the base year of all economic indices every five years, it is proposed to revise the base year of national accounts from 2004-05 to 2011-12 in 2015," ministry of statistics and program implementation said. (The remaining text is not included in this sample.)
Malaysia is accelerating infrastructure investment as Prime Minister Najib Razak leans on public expenditure to boost growth amid concern subsidy cuts and a new consumption tax will curb private spending.
The government will start work on projects such as highways and rail worth at least 75 billion ringgit ($23 billion), Najib said in a budget speech in Kuala Lumpur today. He announced wider exemptions of items under the goods and services tax to reduce the impact of the levy, as the finance ministry targets growth of as much as 6% this year and next.
The central bank kept its benchmark interest rate unchanged last month after an increase in July and said it will assess the balance of risks between the outlook for growth and inflation when considering further policy moves. (The remaining text is not included in this sample.)
ingaporeSingapore’s central bank is keeping monetary policy steady despite the economy’s sluggish growth, signaling greater worry about inflationary pressures than the possibility of a slowdown.
The government reported that third-quarter gross domestic product rose 1.2% on quarter on a seasonally adjusted and annualized basis, according to advance estimates. The measure is below a 2.2% growth forecast by economists in a Dow Jones poll, though a reversal of a 0.1% contraction in the second quarter. (The remaining text is not included in this sample.)
On Sept. 30, Kenya announced the results of its "rebasing"—a recalculation of its gross domestic product to include previously unaccounted-for economic activity. Its GDP expanded 25.3%, to $55.2 billion, moving it up several rungs on the list of Africa’s largest economies, to 9th. The government adjusted its 2013 growth rate from 4.7% to 5.7%.
Kenya’s is the latest in a series of rebasings that have reinforced investors’ perception of the area’s growth potential. Even as Ebola ravages West Africa and civil war devastates the Democratic Republic of Congo, many of the other economies in the region remain dynamic: The International Monetary Fund predicts sub-Saharan growth will be 5.8% next year, up from an estimated 5.1% for 2014. (The remaining text is not included in this sample.)
Greece revised data on last year's gross domestic product, showing its economy shrank by 3.3% for the year as a whole, less than a previous estimate of a 3.9% contraction.
(The remaining text is not included in this sample.)
Nigeria gross domestic product (GDP), is expected to increase by another 20% to make it a competitive Information and Communication Technology hub through foreign investments shortly after the Gulf Information Technology Exhibition (GITEX) holding in Dubai, the United Arab Emirate.
"Nigeria and Dubai are formidable in terms of ICT and when we come together, we share experiences and compare notes for future use. This event is going to be a partnership that is far from learning, "he said. (The remaining text is not included in this sample.)
Switzerland has reduced its economic growth forecasts on the back of the declining performance of its main trading partners in Europe, most notably Germany. Gross domestic product (GDP) is now tipped to expand 1.8% this year, rather than 2%.
The State Secretariat for Economic Affairs (SECO) has also cut GDP growth predictions to 2.4% for 2015, down from the 2.6% it forecast earlier this year. But SECO warned that changes to the way it calculates growth make a direct comparison between these figures difficult. (The remaining text is not included in this sample.)
Falling oil prices won’t hurt the gross domestic product growth of the UAE this year, a Ministry of Economy official told reporters recently.
"Oil accounts for less than 30% of our GDP, so there will be no impact. The UAE economy is now very diversified," said Mohammed Ahmed bin Abdul Aziz Al Shehhi, undersecretary at the ministry. (The remaining text is not included in this sample.)
For more information on: Air Filtration and Purification World Markets, click
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SEMICONDUCTOR INDUSTRY UPDATE
September 2014
TABLE OF CONTENTS
The Colleges of Nanoscale Science and Engineering (CNSE) at SUNY Polytechnic Institute
Murata to acquire Peregrine Semiconductor
Infineon to acquire U.S.-based Semiconductor Company
SMIC and JCET Establish a Joint Venture
Fairchild to Shut Down Penang, Bucheon Fab Lines
Eon Silicon, China Sigma Team Up for NAND Flash
Toshiba, SanDisk Open Semiconductor Fab 5
UMC joins Fujitsu’s New Foundry Company
Google Developing Quantum Computing Chip
FLAT PANEL DISPLAY (LCD) INDUSTRY UPDATE
September 2014
TABLE OF CONTENTS
CSOT opens New 6G LTPS Facilities
Japan Firms in New Push for OLED
Sharp expands Production at Kameyama Fab
Cree and Lextar Electronics announce LED Cooperation
LG Display opens First Overseas LCD Panel Plant in China
For more information on: Air Filtration and Purification World Markets, click
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World Power Generation Projects
This includes only projects where there was an update during the month. There are thousands of projects in the database.
Revision Date: October 1, 2014
Project Title |
First Entry Date |
Location |
Startup date |
Volta River Authority power plant |
10/1/2014 |
Ghana |
2018 |
Kothagudem power plant |
10/1/2014 |
India |
2018 |
Manuguru power plant |
10/1/2014 |
India |
2017 |
Hirono IGCC power plant-TEPCO |
10/1/2014 |
Japan |
Unknown |
Nakoso IGCC Power Plant-TEPCO |
10/1/2014 |
Japan |
Unknown |
Hub power project |
10/1/2014 |
Pakistan |
2018 |
Sunon Asogli- Shenzhen Energy power project in Ghana |
7/1/2013 |
Ghana |
2016 |
Malaysia Energy Commission Power Plants |
12/1/2012 |
Malaysia |
2019 |
Ennore SEZ supercritical power plant-Tamil Nadu Generation and Distribution |
8/1/2012 |
India |
Unknown |
Myeik ultra supercritical power plant |
3/1/2012 |
Myanmar |
2019 |
Jimah ultra supercritical expansion |
12/1/2010 |
Malaysia |
2019 |
Davao City CFB power plant-Aboitiz Power (Thermo South)/SMC Global Power |
9/1/2010 |
Philippines |
2015 |
Calaca CFB expansion-Trans-Asia Oil and Energy Dev./AC Holdings |
8/1/2010 |
Philippines |
2016 |
Atucha 3 power plant |
7/1/2010 |
Argentina |
Unknown |
Vinh Hai 2-1,2 |
6/1/2010 |
Vietnam |
2022 |
Meja supercritical power plant-NTPC |
7/1/2009 |
India |
2017 |
Shree Singaji II supercritical power project-Madhya Pradesh Power Gen.Co. |
2/1/2009 |
India |
2018 |
Balingian CFB power project-Sarawak Energy |
6/1/2008 |
Malaysia |
2018 |
Cernavoda 3 and 4 nuclear power plant-EnergoNuclear |
6/1/2008 |
Romania |
Unknown |
Hassyan clean coal-Dubai Electricity and Water Authority (Dewa) |
3/1/2008 |
United Arab Emirates |
2021 |
Kpone GT expansion - Volta River Authority |
11/1/2007 |
Ghana |
2017 |
Transition Power Blue Castle nuclear power plant |
10/1/2007 |
UT |
2020 |
Hongyanhe 1-6 nuclear power plant-CGNPC |
9/1/2007 |
China |
2016 |
Olkiluoto 3 Nuclear power plant-TVO |
6/1/2007 |
Finland |
2018 |
Hinkley Point C-British Energy (now EDF) nuclear power plants |
6/1/2007 |
UK |
2025 |
Naga CFB plant-Kepco Cebu Corp./Salcon Power |
4/1/2005 |
Philippines |
2011 |
Visakhapatnam (Vizag) 1,2-Hinduja National Power Corp. |
|
India |
2019 |
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New power generation projects are tracked in two publications. Fossil and Nuclear Power Generation includes both market forecasts and project data. World Power Generation Projects has just the project data.
For more information on World Power Generation Projects, click on:
http://home.mcilvainecompany.com/index.php/databases/28-energy/486-40aiBottom of Form
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