Canada Official Ga Recession Declare Chesindhi

[kakatiya]

Ottawa (AFP) - Reeling from low oil prices, Canada fell into a recession in the first half of the year, government data confirmed Tuesday, putting Conservative Prime Minister Stephen Harper on the defensive in the run-up to October elections.

According to Statistics Canada, the economy contracted 0.5 percent in the second quarter after retreating 0.8 percent in the previous three months.

It is Canada's second recession in seven years and it is the only Group of Seven nation in economic retreat. The figures are the weakest since the 2008 global financial crisis.

The data reflects fears about the health of the global economy as more gloomy evidence emerged of a slowdown in China, a main engine of growth worldwide.

Harper, whose Tories are trailing their rivals in opinion polls ahead of the October 19 election, blamed the overseas turmoil for Canada's woes, and emphasized an expansion in the economy in June.

"We are living, once again, in a time of ongoing global economic instability," Harper said.

"Obviously there has been challenges, particularly in the energy and some commodity sectors because of falling prices. But the fact of the matter is over 80 percent of the Canadian economy has been growing."

Canada, the world's fifth-largest oil producer, has been hit particularly hard by the halving of world oil prices from above $100 last year.

In the second quarter, its mining, quarrying and oil and gas extraction sector posted a "notable decrease" for a second consecutive quarter, said the government statistical agency.

Analysts said the damage however could be limited.

"Despite the weak start to the year, there is good reason to believe that the worst is over," said TD economist Brian DePratto.

DePratto cited the sharp increase in GDP in June, "providing positive momentum to start the second half of the year." He predicted a "sharp rebound" in the third quarter with growth reaching 2.5 percent by year's end.

[sanbk]

good

[sqladdict]

Gaadu

[Yuva Nataratna]

[AnandaVivek]

Us kuda official ga release chesthe ..thatta butta sardhukovachu ee sari!!!

[Alexaander]

[Akkumm_Bakkumm]

If thats the case, Biggest loosers would be those who came for masters in the last two years and currently on OPT..

[kakatiya]

Us kuda official ga release chesthe ..thatta butta sardhukovachu ee sari!!!

any doubts ?

[k2s]

Ottawa (AFP) - Reeling from low oil prices, Canada fell into a recession in the first half of the year, government data confirmed Tuesday, putting Conservative Prime Minister Stephen Harper on the defensive in the run-up to October elections.

According to Statistics Canada, the economy contracted 0.5 percent in the second quarter after retreating 0.8 percent in the previous three months.

It is Canada's second recession in seven years and it is the only Group of Seven nation in economic retreat. The figures are the weakest since the 2008 global financial crisis.

The data reflects fears about the health of the global economy as more gloomy evidence emerged of a slowdown in China, a main engine of growth worldwide.

Harper, whose Tories are trailing their rivals in opinion polls ahead of the October 19 election, blamed the overseas turmoil for Canada's woes, and emphasized an expansion in the economy in June.

"We are living, once again, in a time of ongoing global economic instability," Harper said.

"Obviously there has been challenges, particularly in the energy and some commodity sectors because of falling prices. But the fact of the matter is over 80 percent of the Canadian economy has been growing."

Canada, the world's fifth-largest oil producer, has been hit particularly hard by the halving of world oil prices from above $100 last year.

In the second quarter, its mining, quarrying and oil and gas extraction sector posted a "notable decrease" for a second consecutive quarter, said the government statistical agency.

Analysts said the damage however could be limited.

"Despite the weak start to the year, there is good reason to believe that the worst is over," said TD economist Brian DePratto.

DePratto cited the sharp increase in GDP in June, "providing positive momentum to start the second half of the year." He predicted a "sharp rebound" in the third quarter with growth reaching 2.5 percent by year's end.

y u post bad news always man :(

[SeemaLekka]

y u post bad news always man :(

 

ARM AR

[kakatiya]

scrooge uncle why you always post fafa pics.. 

 

and post aunty pics man

[4Vikram]

Awesome... nenu chadvale 

[Alexaander]

Ltt

[aragorn]

recession ento gani house prices aithe asal thagatala

[SA77HI]

US ki emi kadu kadaa??