Brazil has supplanted the UK as the world's sixth largest economy, according to the London-based Centre for Economics and Business Research. Brazil's economy grew 7.5% last year, whereas European economies were on a downward slope.
Has Bhutan discovered the secret to happiness? In this small kingdom nestled between India and China, wealth is less important than well-being. So instead of GDP they measure GDH, gross domestic happiness! So what is the secret to happiness in Bhutan? Well, they say it's their rejection of a consumer society. But in our globalised world, how long will the young generation resist the lure of modernity?
The US economy grew by 2% in the third quarter according to the Commerce Department. Driving the growth was consumer spending, which increased by 2.6%.
One week after the British government announced a vast austerity plan, official figures for the third quarter show that the UK's economy has grown twice as much as expected but remains slow at 0.8 percent.
UK GDP rose 1.2% in the second quarter of 2010, representing the fastest pace of growth since 2001. The main reason for this improved data was better-than-expected results in the construction sector.
Official data on Tuesday confirmed that Germany's export-driven economy had grown by a record 2.2% in the three months through to June, even as other developed economies continued to struggle with lacklustre growth.
Finland has been ranked the best country in the world to live in by Newsweek magazine, while the United States comes in at 11th place. But how should we interpret these results, given that measuring countries depends on the subjective use of data?
French Prime Minister Francois Fillon (photo) has announced an austerity plan that will slash state spending by 45 billion euros. The three-year plan aims at bringing public deficit back down to the EU's limit of three percent of GDP by 2013.
India's economy grew by a healthy 7.4 percent in the year ended March, 0.2 percent above the government's forecast, powered by strong performances in the manufacturing and service industries.
Economic growth in Europe's largest economy stalled in the last three months of 2009 following only modest growth earlier in the year. France's economy grew by 0.6% in the same period.
