Financial Outlook

Argentina will delay the closure of its $18.3 billion bond restructuring, Economy Ministry spokesman Sergio Poggi said.

Canada’s economy expanded by 1.5 per cent in the first quarter, the third straight gain after a recession.

The country’s gross domestic product grew by 6.1 percent in the first quarter of 2010 compared to the same period last year, Statistics Canada said Monday.

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May 31 — Canadas economy expanded at the fastest pace in a decade in the first quarter, led by consumer spending and manufacturing, increasing pressure on the countrys central bank to raise interest rates tomorrow.

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Poland’s economy grew by 0.5 percent in the first quarter, expanding at a slower pace than in the previous quarter during a particularly harsh winter but still on track for a strong full-year performance amid Europe’s broader financial and economic turmoil.

The Spanish economy, which edged out of recession in the first quarter, showed some signs of recovering further in April, the Bank of Spain said on Monday.

Chinese Premier Wen Jiabao warned Monday that the world must stay alert to the risk of relapsing into economic crisis as Europe’s debt woes drag on, and not withdraw stimulus measures prematurely.