economic growth

Oil prices fell below $60 a barrel on Tuesday, as weak economic growth has reduced global consumption and despite growing indications that OPEC producers have been trimming output.

Latvia's inflation in October decreased to an annual rate of 13.8 percent, the fifth month straight the indicator has fallen as economic growth is hurt by the global financial crisis, the statistics office announced Monday.

Cambodia's economy will grow by a modest 4.8 percent next year due to slowdowns in key sectors and a drop in foreign direct investment caused by the global economic crisis, the International Monetary Fund said Friday.

The Argentine Senate on Wednesday approved a budget for 2009 that analysts say exaggerates economic growth, underreports inflation and doesn't account for $23 billion in private pension funds the government may be able to dip into if a nationalization bill passes later this month.

The Czech Republic on Thursday slashed its economic growth forecast for 2009 to 3.7 percent from the previous estimate of 4.8 percent to account for the impact of the global financial crisis.

China's central bank says it has cut its benchmark interest rates by just over a quarter percentage point to spur economic growth, the third such move in six weeks.

China cut key interest rates for the third time in six weeks on Wednesday in a bid to spur economic growth amid fears of a global recession that would hit its vital exports.

South Korea's economic growth slowed in the third quarter to its lowest level in three years as construction contracted and a global slowdown hit manufacturing and exports.

South Korea's economic growth slowed in the third quarter to its lowest level in three years as construction contracted and a global slowdown hit manufacturing and exports.

Industrial production and construction slowed because of weak exports, a slumping real estate market and temporary restrictions imposed during the Beijing Olympics.