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China's economy grew a blistering 11.1 percent in the first quarter, prompting fears Thursday of possible overheating and a call for fresh measures to put the country on a more sustainable course.
Growth prospects for the German economy remain favourable even though expansion could slow because of tighter taxes and higher interest rates, top research institutes predicted on Thursday.
Chinese Premier Wen Jiabao called for steps to prevent fast growth from leading to an overheated economy, the government said Thursday, as first quarter GDP came in at a blistering 11.1 percent.
Leading German research institutes ramped up their forecast for growth of the German economy this year by a full percentage point to 2.4 percent.
Chinese investors were ready Friday for what most considered to be inevitable government moves to rein in the economy, after first-quarter growth figures showed previous efforts had been far too little.
Britain's economy grew 0.7 percent in the first quarter of this year compared with the final three months of 2006, bolstered by a strong showing in the services sector, according to official data published on Wednesday.
The German government has raised its economic growth forecast for 2007 to 2.3 percent, representing a sharp rise on its previous prediction of 1.7 percent, the economy ministry said on Wednesday.
Britain's economy expanded by 0.7 percent in the first quarter of 2007 compared with the last three months of 2006, aided by a strong services sector, official data showed Wednesday.
The US economy expanded at a worse-than-expected 1.3 percent rate in the first quarter, marking the slowest period of growth in four years, the government announced Friday.
The US economy weakened dramatically in the first quarter to its worst growth pace in four years, expanding at a pace of just 1.3 percent, the government announced Friday.
The US economy weakened dramatically in the first quarter to its worst growth pace in four years, expanding at a clip of just 1.3 percent, new government figures showed Friday.