JP\/18\/moneymatter<\/p>\n
Global economic growth is likely to bounce back by mid-2002 after
\nthe September 11 attacks pushed the United States into the arms
\nof recession and slashed demand in other countries, the OECD's
\nchief said on Friday. The Paris-based Organization for Economic
\nCooperation and Development (OECD) is set to more than halve the
\n2002 growth forecast for its 30 members, according to draft
\nfigures for its November 20 projections release. -- Reuters<\/p>\n
The Thai commerce ministry said on Friday exports declined 9.95
\npercent year-on-year last month to US$5.49 billion, while imports
\nslipped 6.19 percent to $5.05 billion, giving the country a trade
\nsurplus of $440.9 million.--Reuters<\/p>\n
The United Nations accused Iraq on Thursday of smuggling some
\nUS$10 million worth of oil in violation of U.N. sanctions
\nregulations by loading the petroleum into a tanker after U.N.
\ninspectors disembarked. Iraq denied the accusations.--Reuters<\/p>\n
Japanese consumer prices in September fell 0.8 percent year-on-
\nyear after declining 0.7 percent in August, the government said
\nFriday. The September downturn marked the 25th straight monthly
\nfall, underlining the deflationary trend in Japan, the Ministry
\nof Public Management, Home Affairs, Posts and Telecommunications
\nsaid. --AFP<\/p>\n
The World Bank announced on Thursday it would grant Vietnam a
\nUS$110 million loan to finance the improvement of basic
\ninfrastructure and social services. The project should benefit
\nabout one million people, 85 percent of them from ethnic
\nminorities, the bank said in a statement. The 40-year loan has a
\n10-year grace period.--AFP<\/p>\n
German annual producer prices rose 1.9 percent in September, the
\nlowest pace since December 1999, the Federal Statistics Office
\nsaid Friday. In August the year-on rate was 2.7 per cent after
\n3.1 percent in July. --DPA<\/p>\n
Singapore's manufacturing output in September fell 22.3 percent
\ncompared with the same period last year, sharper than the 21.4
\npercent contraction in August, the government said Friday. The
\ndrop was largely due to cutbacks in the output of electronics,
\nthe Economic Development Board said in a statement. -- AP<\/p>\n
British economic growth remained steady at 2.2 percent in the
\nthird quarter of 2001, assuaging fears that output would have
\nslumped due to the global slowdown and the events of Sept.11.
\nGross domestic product grew by 0.6 percent in the July-September
\nperiod from the previous quarter, the Office for National
\nStatistics said in a provisional estimate to be revised next
\nmonth.--AFP<\/p>\n
Vietnam's urban unemployment rate declined slightly this year,
\nwhile farmers' working time is almost unchanged, an official said
\nFriday. According to a nationwide survey in July, the urban
\nunemployment rate was 6.28 percent, down 0.14 percentage point
\nfrom a year earlier, the official said, adding farmers used only
\n74.37 percent of their potential working time, almost unchanged
\nfrom 74.14 percent last year -- AP<\/p>",
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