Search

The article offers news briefs related to economic conditions prevailing across the world. Employment increased by 0.4% in January 2011 in Canada compared to 0.2% increase in December 2010. Gross domestic product (GDP) of the U.S. increased by 0.8% in the fourth quarter of 2010. The economy of Germany experienced positive growth with 3.6% expansion in the year 2010.

The article focuses on the current economic conditions of several countries with special emphasis on the Canadian economy. The real gross domestic product (GDP) of Canada contracted 0.8% in the fourth quarter of 2008. Business investment intentions for 2009 were nearly 10% lower than in 2008, snapping a 6-year boom in investment. The German economy contracted by 2.1% in the fourth quarter, its largest drop since reunification in 1990.