Australia bounces back to robust GDP growth
According to the NBS figures, the economy actually performed better overall previous year as the growth rate was higher with a contraction at 1.5 per cent than the 1.8 per cent predicted by the International Monetary Fund (IMF), raising the hope that the recession may have bottomed out with the improving trends in several key sectors of the economy of agriculture and mining. In the fourth quarter, employee compensation fell 0.5 per cent.
Nigeria's economy shrank by 1.51 percent in the last quarter of 2016 with oil and non-oil sectors suffering persistent declines throughout the year, the country's bureau of statistics said in a report on Tuesday.
Capital Economics chief Australia economist Paul Dales said the economy was firmly "back on track".
The economy may contract by less than 1 percent in the first three months of 2017, before resuming expansion in the second quarter, Yinkere said.
Households expenditure contributed 0.5 points to the result, and net exports contributed 0.2 points.
Economic growth rebounded in the December quarter, shattering fringe predictions of a recession, as a surge in exports boosted the national income. Growth over the year to December was 2.4% - much better than some forecasts at around 1.9% to 2.1%.
Sex abuse survivor Marie Collins quits Vatican child protection panel
She says that a Vatican office had created its own sample template and refused to join efforts. "They are refusing to co-operate on letting us work with them", Collins said.
8-year-old girl shot and killed moments after vehicle crash
Homicide detectives have confirmed that an 8-year-old girl was shot to death after surviving a auto crash early Saturday morning. The woman who allegedly shot and killed eight-year-old DeMaree Atkins fled the area in a dark-colored, four-door sedan.
Bloomberg Has Cancelled Its White House Correspondents Dinner Afterparty
Trump has battled the press throughout the presidential campaign and has had repeated run-ins with reporters since taking office. This week, Buzzfeed reported that another favourite target of Trump's , CNN, was considering pulling out as well.
The ratio of Australia's export prices to that of import prices, also called as the terms of trade, upped by 9.1 percent.
Despite subdued wages growth, household spending was also a key driver as consumers opened their wallets, contributing 0.5 percentage points, while public investment in things such as infrastructure added 0.3 percentage points. Economists surveyed by Bloomberg had predicted 2 per cent growth.
"This was 0.36% points lower than growth of 0.03% recorded in Q3 2016, and 3.46% points lower than the 3.14% growth recorded in Q4 2015", the report stated.
"Nevertheless, the overall outcome for the year was that the agricultural sector grew by 4.11% for the whole of 2016 which was higher than the figure of 3.72% for 2015", he said.
For Reserve Bank of Australia Gov. Philip Lowe, recovering GDP growth will fit well with his optimistic outlook for the economy and recent message to markets that interest rates will likely not fall any further.
Orlando Bloom Cuddled With Katy Perry's Dog One Day Before Split News
A source told InTouch Weekly: "Not long after Halloween, Orlando confessed to pals that he'd chose to end their relationship ". And certainly the two were putting on a friendly, "respectful, loving" show of it at two Oscars parties on Sunday night.
Lightning acquire defenceman Mark Streit from Flyers for centre Filppula
But Streit's contract ($5.25 million) is running out and Filppula's ($5 million) still has another year left. The 39-year-old Streit has spent four years with the Flyers, the last three as an alternate captain.
Senate confirms billionaire investor Wilbur Ross as commerce secretary
Mr Ross has indicated he will step down from his position as Vice-Chair of the bank to avoid any potential conflicts of interest. Ross has also sought to ease concerns about whether the White House would try to politicize climate science.
Trump To Announce Key Details Of Health Care Plan
Schumer (D-N.Y.), February 27, spoke about the chances he believes Senate Republicans have of repealing the Affordable Care Act. Trump is also seeking support from the nation's governors for changes. "They'll fix Obamacare", the former OH congressman...
Sixers' Joel Embiid out indefinitely with knee soreness, swelling
Embiid has only played one game since January 20 and has missed 13 straight games in Philadelphia. Embiid is now out indefinitely with swelling in his knee, and will have an MRI on Monday.
Steelers place franchise tag on running back Le'Veon Bell
The Steelers have made re-signing Brown, who is in the final year of a six-year, $43 million contract, an immediate priority. The Pittsburgh Steelers have announced that the team has placed the franchise tag on running back Le'Veon Bell.
Fox News Interview With Fake Expert on Sweden Further Baffles Swedes
Rasmus Eljanskog, a spokesman for the Ministry of Foreign Affairs, said nobody by this name worked at the ministry. In an email to " Dagens Nyheter ", he said he was "unaware of the allegations" and therefore could not comment.
Ersan Ilyasova traded to Hawks for Tiago Splitter, per report
The Hawks sit in the No. 4 spot in the Eastern Conference exiting the All-Star break. He is averaging 14.8 points and 5.9 rebounds in 56 games for the 76ers.
Labour 'heading for worst defeat since 1930s', senior party figure says
But it was the result in Copeland, where they were hit by a 6 per cent swing to Theresa May's Tories, that left the party reeling. In Copeland, the Ukip challenge was far less effective and the rightwing vote went overwhelmingly to the Tories, and Labour lost.
Hugh Jackman on Oscars, last movie as Wolverine
Hugh Jackman will be playing his last role as Wolverine when "Logan" finally hits theaters and fans have reacted to that news. Jackman said that if that possibility would have been available, he would have "paused" about retiring from the role.