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THE ECONOMY.(A)
Housing affordability improves
The National Association of Realtors' affordability index rose to 140.7 in Q4 '02 from 135.9 in Q3. That left it just shy of the record 141.3 in Q4 '01. The NAR cited lower mortgage rates and higher incomes.
Dec. card charge-offs near record
Bank card charge-offs rose to 7.5% from Nov.'s 7.1%, Standard & Poor's said. That's the 2nd-highest since the indexes were created in '92. March '02 set the record at 7.6%.
Oil supply will outpace demand
World oil production will rise to 90 mil barrels per day by '05 from 84 mil bpd this year, a joint study by Accenture Global Energy Practice and Cambridge Energy Research Associates predicted. By '10, production capacity is expected to climb to 99 mil bpd. The report also predicted that demand will only rise 88.5 mil bpd in '10 from 79 mil bpd now.
U.N.: tariffs hurt poor countries
- Pipeline launch brings dramatic Kazakh growth. (Exports and trade).(Kazakhstan...
- Newspaper article from: FSU Energy December 20, 2002 700+ words
Kazakhstan produced 1.02mn b/d (4.2mn t) of crude in November (see table), up by 33,000 b/d on the previous month. January-November output was 933,000 b/d, up by 18.4pc on the year. Kazakh oil companies shipped 538,740 b/d of crude by pipeline in January-November, compared with 212,430 b/d a year
- Libya makes capacity claims. (Middle East & Africa).(says it has petroleum...
- Newspaper article from: Weekly Petroleum Argus March 31, 2003 700+ words
Libya has a production capacity of 1.8mm b/d, says state-owned NOC's recently-appointed head of production Abd al-Rahman Abdallah. The country is set to increase this figure to 2mn b/d over the next "two or three years", he says. A large amount of the new capacity will come from the Elephant field,
- Record crude exports reach new markets. (2002 in review).(Russian crude oil...
- Newspaper article from: FSU Energy December 20, 2002 700+ words
FSU crude exports look set to smash post-Soviet record highs in 2002, topping 4mn b/d (200mn tup by 16pc compared with 2001. Russian crude exports have grown by 12.5pc to top 3.1mn b/d as rapidly rising production has met stagnant domestic demand. And Caspian shipments, boosted by the opening of
- Russian crude production to rise next year. (Exports and trade).(will rise...
- Newspaper article from: FSU Energy December 20, 2002 700+ words
Russia's crude oil production is expected to hit as much as 8.4mn b/d (42mn t) in 2003, up by just over 10pc from the 7.6mn b/d expected this year, deputy prime minister in charge of the energy sector Viktor Khristenko said earlier this week. Last year, Russia's crude production totalled 6.25mn
- THE EURO-ZONE AND THE WORLD.(demographic, economic statistics)(Brief...
- Newspaper article from: European Report December 29, 2001 700+ words
In 2001, the euro-zone has a total population of 303 million...and 127 million in Japan. Among the euro-zone population, 16.4% are less than...On the other hand, 16.3% of euro-zone citizens are over 65 years old and...
- INDUSTRIAL PRODUCTION: OUTPUT AND PRICE INDICES UP IN EU15 AND EURO ZONE IN...
- Newspaper article from: European Report January 19, 2000 700+ words
...strongest gain with 1.2% in the Euro-zone and 1.3% in EU15. Capital goods production rose by 0.6% in both the Euro-zone and EU15. Output in durable consumer goods was up 1.0% in the Euro-zone and 0.7% in EU15 and production...
- Low trend rate of GDP growth in the euro zone.
- Magazine article from: The Swedish Economy December 1, 2005 700+ words
...recovery has been much slower in the euro zone than in other countries, such as the...Although resource utilization in the euro zone is currently low, the weak growth there...s, the potential growth rate in the euro zone seems to have decreased in recent decades...
- Inflation in Sweden and the Euro zone--what explains the difference?
- Magazine article from: The Swedish Economy June 1, 2005 700+ words
...the lowest in the entire EU. In the Euro zone, inflation has not dropped to the same...inflation rate in Sweden than in the Euro zone is nothing new. Since the single currency...3 percentage point lower than in the euro zone (see Diagram 138). [GRAPHIC OMITTED...
- Official Figures Disappoint Euro-Zone Single-Currency Supporters.
- Newspaper article from: Knight Ridder/Tribune Business News November 9, 2003 700+ words
...to expectations, to boost trade between euro zone members, official figures reveal. The revelation...currency would dramatically boost internal euro zone trade. Germany and France, the euro zone's first and second largest economies...
- The Euro Zone: Advantages Outnumber Drawbacks.
- News wire article from: Europe Intelligence Wire July 26, 2005 700+ words
...been set as of yet, our entry into the euro zone is inevitable. - Prepare for 2009...it seemed that Poland could enter the euro zone in 2007. At present, economists are...will object to Poland's entry into the euro zone, given that the deficit amounts to 3...
