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Dutch economy shrinks for 3rd consecutive quarter

STORY: Dutch economy shrinks for 3rd consecutive quarter SHOOTING TIME: Nov. 15, 2023 DATELINE: Nov. 16, 2023 LENGTH: 00:01:00 LOCATION: THE HAGUE, the Netherlands CATEGORY: ECONOMY SHOTLIST: 1. various of street views in the Netherlands STORYLINE: The Dutch economy contracted in the third quarter of 2023, which already was the third quarterly shrinkage of the year, Statistics Netherlands (CBS) said on Tuesday. According to CBS, the gross domestic product (GDP) fell by 0.2 percent in the Q3 of 2023 compared to the previous quarter. The contraction was smaller than in the first two quarters of this year, when the economy shrank by 0.5 and 0.4 percent respectively. The last time the Dutch economy shrank three quarters in a row was during the financial crisis in 2008 and 2009. "Many jobs often disappear during a recession," CBS chief economist Peter Hein van Mulligen explained in a presentation. "That is not the case now. Many jobs were created, 31,000 to be precise compared to the previous quarter. The la

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - A super large container ship lifts containers at Yangshan Deep Water Port in Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - Container handling operation in Yangshan Deep Water Port area, Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - Container handling operation in Yangshan Deep Water Port area, Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - A super large container ship lifts containers at Yangshan Deep Water Port in Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - A super large container ship lifts containers at Yangshan Deep Water Port in Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - A super large container ship lifts containers at Yangshan Deep Water Port in Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - A super large container ship lifts containers at Yangshan Deep Water Port in Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - A super large container ship lifts containers at Yangshan Deep Water Port in Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - A super large container ship lifts containers at Yangshan Deep Water Port in Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - A super large container ship lifts containers at Yangshan Deep Water Port in Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - Container handling operation in Yangshan Deep Water Port area, Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - Container handling operation in Yangshan Deep Water Port area, Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - Container handling operation in Yangshan Deep Water Port area, Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - A super large container ship lifts containers at Yangshan Deep Water Port in Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - A super large container ship lifts containers at Yangshan Deep Water Port in Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - A super large container ship lifts containers at Yangshan Deep Water Port in Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - Container handling operation in Yangshan Deep Water Port area, Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - Container handling operation in Yangshan Deep Water Port area, Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - Container handling operation in Yangshan Deep Water Port area, Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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Shanghai Port Yangshan Deepwater Port

SHANGHAI, CHINA - OCTOBER 14, 2023 - A super large container ship lifts containers at Yangshan Deep Water Port in Shanghai, China, October 14, 2023. China's import and export value totaled 30.8 trillion yuan in the first three quarters, according to data released by the General Administration of Customs on October 13. Foreign trade exports achieved 0.6% growth, of which imports and exports in September 3.74 trillion yuan, two consecutive months of growth.

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China's economy grows 9.1% in July-Sept.

BEIJING, China - Sheng Laiyun, spokesman of China's National Bureau of Statistics, announces on Oct. 18, 2011, in Beijing that the Chinese economy grew 9.1 percent in the July-September quarter from a year earlier, down from 9.5 percent growth the preceding quarter. The growth rate has slowed for three consecutive quarters.

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Scholars warn negative effects of U.S. interest rate hikes on global economy

STORY: Scholars warn negative effects of U.S. interest rate hikes on global economy DATELINE: Sept. 22, 2022 LENGTH: 0:01:24 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. 2. SOUNDBITE 1 (English): JAMES MORRISON, Associate professor, London School of Economics and Political Science 3. SOUNDBITE 2 (Turkish): ENVER ERKAN, Chief economist at Istanbul's Tera Securities 4. various of Türkiye 5. SOUNDBITE 3 (Turkish): KAYA ARDIC, Scholar, Piri Reis University, Türkiye STORYLINE: The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike, as it continues to ramp up its fight against surging inflation. The Federal Open Market Committee (FOMC), the Fed's policy-setting body, decided to raise the target range for the federal funds rate to 3 to 3.25 percent. The Fed's latest action came after it raised the benchmark interest rate by three-quarters of a point (75 basis points) at both its June and July meetings, marking the boldest move in d

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China's economy grows 9.1% in July-Sept.

BEIJING, China - Sheng Laiyun, spokesman of China's National Bureau of Statistics, announces on Oct. 18, 2011, in Beijing that the Chinese economy grew 9.1 percent in the July-September quarter from a year earlier, down from 9.5 percent growth the preceding quarter. The growth rate has slowed for three consecutive quarters. (Kyodo)