Thursday, August 30, 2007

Quick Overview

  • U.S. GDP rose 4.0% in the second quarter, YoY GDP rose 1.9% in the second quarter.

  • Retail sales in Japan were down 2.2% in July.

  • The Philippine Economy Grew 7.5 % in the Second Quarter, at the fastest pace in two decades.

  • China's government is concerned about reduced autumn grain output due to continuing drought and floods, as rising food prices have already pushed inflation above target, the country's top economic planner said in a report to the legislature.

  • The International Atomic Energy Agency's top inspector said that they had formed an agreement with Iran that would remove Iran as a threat for developing nuclear weapons.

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