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Canadian economy grew 0.3 percent in Q3 (AFP via Yahoo! News) Canada's economy grew by 0.3 percent in the third quarter of 2008, despite a downturn in consumer spending and a decline in exports, Statistics Canada said Monday. Crude Oil Falls on Signs of Further Contraction in U.S. Economy (Bloomberg) Dec. 2 (Bloomberg) -- Crude oil fell to the lowest in more than three years in New York on signs that the economy in the U.S., the world's largest energy consumer, is in a more severe economic slowdown than expected. Bernanke Warns That Economy Will Remain Weak (New York Times) Fed chairman defends the agency?s actions during the current financial crisis, saying measures were needed to stablized the economy. Crude Oil Falls on Signs of Further Contraction in U.S. Economy (Bloomberg) Dec. 2 (Bloomberg) -- Crude oil fell to the lowest in three years in New York on signs that the economy in the U.S., the world?s largest energy consumer, is in a more severe economic downturn than expected. Japanese graduates scramble for jobs as economy cools (Reuters via Yahoo! News) University students in the world's second-largest economy could face a rude awakening as the global financial crisis hits Japan, prompting firms to cut graduate recruitment. Political Crisis Harms Thailand's Economy (Washington Post) BANGKOK, Dec. 1 -- Thailand's ongoing political crisis has significantly weakened an economy already battered by the effects of the global financial slowdown. Oil at $50 with US economy officially in recession (AP via Yahoo! News) Oil prices tumbled below $50 a barrel Monday as National Bureau of Economic Research reported that the U.S. economy has been in a recession since December 2007. Economy rebounds, but recession seen (Reuters via Yahoo! News) Canada's economy grew at a faster clip than expected in the third quarter, just before the global financial crisis intensified, as a rebound in goods-producing industries offset weak exports and consumer spending. Economy likely to move up Medicare's insolvency (AP via Yahoo! News) Federal health officials estimate that the struggling economy will speed up by one to three years the exhaustion of the Medicare trust fund covering hospital and nursing home care. India says economy in safe hands after attacks (AFP via Yahoo! News) India's government reassured the nation Monday the economy was in safe hands after a cabinet reshuffle following the deadly assault by Islamic militants on the financial capital Mumbai. |
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