market value of goods and services produced within a country
China GDP rises 5.3%, but it doesn't mean the economic pain is over: March retail sales and industrial output fell short of forecasts. First-quarter new home ...
businessinsider.com/china-economy-first-quarter-gdp-growth-but-pain-not-over-2024-4
Secretary General urges NATO members to send weapons to Ukraine instead of spending 2% of GDP on defence
pravda.com.ua/eng/news/2024/04/17/7451676/
Quick Glance: NATO Urges Allies to Provide Air Defense Systems to Ukraine
- Beijing is informed by China's president that it is not considered a security threat, as conveyed to the German chancellor.
- Zelenskyy and his followers advocate for equal treatment: What is feasible for Israel should also apply to Ukraine.
- The recent investigation by Brussels into Chinese wind turbines coincides with the increasing dominance of Beijing in the global market for solar panels.
- An examination will be conducted into the impact of Chinese state subsidies on wind turbine operations in Spain, Greece, France, Romania, and Bulgaria.
China’s GDP grows 5.3% in the first quarter of 2024: China’s economy grew stronger than expected at the start of this year, partly thanks to robust factory ...
cnn.com/2024/04/15/business/china-q1-gdp-growth-intl-hnk/
Quick Glance: China's Economy Surprisingly Strong in Q1 2024
- China's economy experienced stronger growth than anticipated in the first quarter of this year, primarily due to the thriving high-tech manufacturing sector.
- In the initial quarter, industrial production saw a 6.1% increase compared to the previous year, driven by the flourishing high-tech industry. Notably, the manufacturing of 3D printing devices, electric vehicle charging stations, and electronic components surged by approximately 40% year-over-year.
- A recent official report highlighted a rise in China's manufacturing purchasing managers' index during the first quarter, marking the first increase in six months. Moreover, the Caixin/S&P Manufacturing PMI, a privately conducted survey, achieved its highest level in over a year as foreign demand grew.
- China's economy grew by 5.2% in 2023. Despite a significant improvement from the previous year, it still represented one of the country's weakest economic performances in more than thirty years.
Together these 10 countries account for two-thirds of global GDP.
Learn more about the key trends in the economic environment from the World Economic Forum’s ... Show more www.weforum.org/publications/chief-economists-outlook-january-2024/
China's Q1 GDP growth surpassed expectations, data shows: China's economy grew faster than it was forecast in the first quarter, data released on Tuesday ...
foxbusiness.com/economy/chinas-q1-gdp-growth-surpassed-expectations-data-shows
Did you know that 10 million #SocialEnterprises worldwide generate $2 trillion in annual revenue and create over 200 million jobs?
The State of Social Enterprise report ... Show more www.weforum.org/reports/guidebook-on-facilitating-climate-fdi #Alliance4SE #SocialEnterprise #SocialInnovation
China Is Still Rising: Don’t Underestimate the World’s Second-Biggest Economy: Don’t underestimate the world’s second-biggest economy.
foreignaffairs.com/united-states/china-still-rising
Paid articlePaid
Did you know that 10 million #SocialEnterprises worldwide generate $2 trillion in annual revenue and create over 200 million jobs?
The State of Social Enterprise report ... Show more www.weforum.org/reports/guidebook-on-facilitating-climate-fdi #Alliance4SE #SocialEnterprise #SocialInnovation
The rich world faces a brutal spending crunch: Countries including America, Britain and France are up against remorseless fiscal logic
economist.com/finance-and-economics/2024/04/09/the-rich-world-faces-a-brutal-spending-crunch
China's GDP grew 5.3% in Q1, beating expectations : China’s economy beat expectations in the first quarter of the year with help from policies and an increase in ...
apnews.com/article/china-gdp-economy-first-quarter-a0743b0982996194c07713c5c701918f
Dollar rises to 5-month high, puts heat on yen; GDP data boosts yuan
reuters.com/markets/currencies/dollar-firms-after-hot-retail-sales-yen-languishes-china-data-awaited-2024-04-16/
UK economy grows slightly for second month in a row: A recession was declared in February after data showed two quarters of economic contraction ...
news.sky.com/story/uk-economy-grows-slightly-for-second-month-in-a-row-13113295
Quick Glance: UK on Track to Exit Recession with Rising GDP
- Britain's GDP rose by 0.1% in February despite heavy rainfall affecting the construction sector and retail.
- Sectors like manufacturing and services experienced growth, while construction saw declines due to bad weather.
- Recent months of economic growth suggest the recession may soon come to an end, although pressure from the cost of living crisis and higher prices persists for households and businesses.
- Despite the positive growth in 2024, GDP remains below 2023 levels and has been stagnant since early 2022, with real wages continuing to decrease and many facing financial difficulties.
Auckland to Northland expressway will boost GDP by $1.2b a year, report shows: A four-lane expressway from Auckland’s Warkworth to Northland’s Kaikohe would have ...
nzherald.co.nz/northern-advocate/news/auckland-to-northland-expressway-will-boost-gdp-by-12b-a-year-report-shows/KWVVAXLM75FRZBZJ6QFINPPWJA/
How fast is India’s economy really growing?: Statisticians take the country’s figures with a pinch of salt
economist.com/finance-and-economics/2024/04/11/how-fast-is-indias-economy-really-growing
Recession outlook: Soft-landing is already here, Evercore founder says: "Arguably, the soft-landing already has happened," one Wall Street veteran says ...
businessinsider.com/recession-outlook-economy-soft-landing-job-market-stocks-gdp-growth-2024-4
Singapore economy beats expectations with 2.7% growth in Q1: The growth was lifted by a pickup in services-producing industries.
straitstimes.com/business/singapore-s-economy-beat-expectations-with-27-growth-in-q1
DRC Consul-General nominee, Charles Githinji, equates GDP to population: His response deemed surprising for a Consul-General nominee, underscores the expectation ...
standardmedia.co.ke/national/article/2001493025/drc-consul-general-nominee-charles-githinji-equates-gdp-to-population
China’s Big Data Release to Show If Economy Rebounded
bloomberg.com/news/live-blog/2024-04-16/china-quarterly-gdp-key-data
IMF ups India growth forecasts, citing strong domestic demand: FY24 growth now seen at 7.8%, FY25 rate at 6.8%
financialexpress.com/policy/economy-imf-ups-india-growth-forecasts-citing-strong-domestic-demand-3458852/
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
S&P downgrades Israel's credit rating, citing risks of military escalation with Iran
haaretz.com/israel-news/business/economy-finance/2024-04-19/ty-article/s-p-says-israels-long-term-credit-outlook-negative-iran-tensions-increasing-risk/0000018e-f38b-d240-a19f-f78b9f0b0000
Limiting Global Warming to 1.5C Would Avoid Two-Thirds of Economic Toll: A temperature rise of 3C would shrink GDP by 10%, but curbing climate change would avoid ...
bloomberg.com/news/articles/2024-04-17/limiting-global-warming-to-1-5c-would-avoid-two-thirds-of-economic-toll
Climate impacts set to cut 2050 global GDP by nearly a fifth - Latest News: Climate change caused by CO2 emissions already in the atmosphere will shrink global ...
hurriyetdailynews.com/climate-impacts-set-to-cut-2050-global-gdp-by-nearly-a-fifth-192614
Chinese Central Bank Governor Downplays Yuan, Deflation Risks After GDP Surprise: China’s central bank governor Pan Gongsheng downplayed risks from deflation and ...
bloomberg.com/news/articles/2024-04-19/pboc-governor-downplays-yuan-deflation-risks-after-gdp-surprise
Belgium's budget deficit increased 'considerably': The worsening budget deficit is attributed to a significant surge in public spending.
brusselstimes.com/belgium/1013716/belgiums-budget-deficit-increased-considerably
US and China’s mounting debts could hurt us all: Rising government debt and deficits in the world’s two largest economies could have spillover effects on the ...
smh.com.au/business/the-economy/us-and-china-s-mounting-debts-could-hurt-us-all-20240418-p5fkqq.html
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
Egypt’s debt to GDP ratio projected to decelerate to 82.6% in 2025: IMF - Economy - Business
english.ahram.org.eg/NewsContent/3/12/522181/Business/Economy/Egypt%E28099s-debt-to-GDP-ratio-projected-to-decelerate-.aspx
Construction main culprit in cleaning dirty money, says report: Half of private companies fingered for money laundering are in the construction sector.
nation.africa/kenya/business/construction-main-culprit-in-cleaning-dirty-money-says-report-4595514
CX Daily: Why China’s Project Whitelists Can’t Cure Real Estate Slump - mailchi.mp/caixin/cx-daily-june-9-asias-ruined-run-of-pandemic-success-279623
Singapore PM Lee to Step Down on May 15, Replaced by Lawrence Wong: Singapore Prime Minister Lee Hsien Loong, 72, will step down May 15 as part of a long-planned ...
bloomberg.com/news/articles/2024-04-15/singapore-pm-lee-to-hand-reins-to-deputy-wong-next-month
Paid articlePaid How a home-improvement subsidy is wrecking Italy’s public finances: Government largesse is costing taxpayers
economist.com/the-economist-explains/2024/04/17/how-a-home-improvement-subsidy-is-wrecking-italys-public-finances
A government with no priorities, no anchors, and when it comes to growth, no clue
theglobeandmail.com/opinion/article-federal-budget-2024-a-government-with-no-priorities-no-anchors-and/
Paid articlePaid Russian 2024 GDP growth seen matching 2023 at 3.6%, finance minister says: Russia's GDP in 2024 is expected to grow at the same rate as in 2023 ...
reuters.com/world/europe/russian-2024-gdp-growth-seen-matching-2023-36-finance-minister-says-2024-04-19/
Australia's projected defence spending will increase by another $50 billion over the next decade, with the government unveiling an immediate boost of more than ... Show more ab.co/abcnewsapp
Quick Glance: Plans for New Fighter Jets Delayed Despite Labor's Defense Budget Increase
- The Albanese government is injecting an additional $50bn into defense over the next decade to extend military reach beyond Australia's shores.
- While overall spending is increasing, approximately $73bn over 10 years is being freed up by cutting, delaying, or altering the scope of some defense projects.
- The acquisition of new F-35 fighter jets is postponed by $3bn to keep existing Super Hornets operational longer and invest in long-range missiles.
- Despite $10bn in savings over 10 years from scaling back new infantry fighting vehicle purchases, the government highlights a net increase of $5.7bn in the immediate four-year budget cycle for defense.
Ringgit continues to close higher against US dollar: KUALA LUMPUR: The ringgit continued to close higher versus the US dollar on Thursday in tandem with the 0 ...
thestar.com.my/business/business-news/2024/04/18/ringgit-continues-to-close-higher-against-us-dollar
Economists Boost US GDP Forecasts, See Fed Rates Higher for Longer: Economists once again upgraded their forecasts for US growth, spending and employment ...
trib.al/uJmLexO
Egypt Aims to Empower the Private Sector to Capture Over 70% of the Market: The Egyptian Minister of Finance, Dr. Mohamed Maait, stated on 17 April that Egypt ...
egyptianstreets.com/2024/04/17/egypt-aims-to-empower-the-private-sector-to-capture-over-70-of-the-market/
CIER raises Taiwan 2024 GDP forecast to 3.38% | Taiwan News | Apr. 19, 2024 14:05
taiwannews.com.tw/en/news/5669107
Malaysia Economic Growth Accelerates, Signaling Recovery in 2024: Malaysia’s economy quickened by the most in a year, signaling that firmer recovery is underway ...
bloomberg.com/news/articles/2024-04-19/malaysia-s-growth-accelerates-signaling-recovery-in-2024
Paid articlePaid More incomes in the tax net: More Indians now assessed to tax, they have higher incomes; tax net is cast wide.
financialexpress.com/opinion/more-incomes-in-the-tax-net/3461409/
No Jobs, No Relief: Modi’s Legacy For Informal Workers| Countercurrents: Ranchi, 20 April: Real wages have barely risen in India since 2014-15 ...
countercurrents.org/2024/04/no-jobs-no-relief-modis-legacy-for-informal-workers/
Morning Bid: Jitters heighten, financial conditions tighten: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-04-18/
CSL: A household that cannot cope with social challenges: The Chamber of Employees is not particularly enthusiastic about the Luxembourg government's 2024 budget ...
tageblatt.lu/headlines/csl-ein-haushalt-der-den-sozialen-herausforderungen-nicht-gewachsen-ist/
China warns west of ‘survival of the fittest’ as manufacturing boosts economy www.ft.com/content/053c6bff-57d4-4661-9813-65714ac37b1c
Asia to drive 60% of global GDP growth in 2024, led by India: IMF: NEW YORK -- Asia will contribute roughly 60% of global economic growth this year ...
asia.nikkei.com/Economy/Asia-to-drive-60-of-global-GDP-growth-in-2024-led-by-India-IMF
Paid articlePaid
Sizing up the China-Russia ‘New Axis’: In a recent post, I tried to warn people about the substantial and growing chance of World War 3 ...
asiatimes.com/2024/04/sizing-up-the-china-russia-new-axis/
1Q GDP growth likely to have accelerated to 3.9%: The country’s economic growth is projected to have accelerated to 3.9% in the first quarter of 2024 ...
thestar.com.my/business/business-news/2024/04/20/1q-gdp-growth-likely-to-have-accelerated-to-39
Missiles, drones and warships the priority as Australia plans $32b defence boost - Asia & Pacific - The Jakarta Post
thejakartapost.com/world/2024/04/17/missiles-drones-and-warships-the-priority-as-australia-plans-32b-defence-boost.html
IMF projects 33.9 per cent economic growth for Guyana this year - Guyana Chronicle
guyanachronicle.com/2024/04/18/imf-projects-33-9-per-cent-economic-growth-for-guyana-this-year/
David Rosenberg: Budget 2024 deserves a failing grade and will make the fight against inflation even harder
theglobeandmail.com/investing/markets/inside-the-market/article-david-rosenberg-this-anti-competitiveness-budget-deserves-a-failing/
Paid articlePaid An unambitious, lacklustre Budget 2024 – that shouldn’t be a surprise: Much of the prebudget policy rolled out has been under the slogan ‘fairness for every ...
theglobeandmail.com/business/commentary/article-an-unambitious-lacklustre-budget-2024-that-shouldnt-be-a-surprise/
Paid articlePaid
CX Daily: China’s First-Quarter GDP Growth Beats Expectations at 5.3% - mailchi.mp/caixin/cx-daily-june-9-asias-ruined-run-of-pandemic-success-279603
IMF revises 2024 GDP higher to 4.4%: The International Monetary Fund (IMF) has revised the outlook for Malaysia’s real gross domestic product (GDP) by a notch to ...
thestar.com.my/business/business-news/2024/04/18/imf-revises-2024-gdp-higher-to-44
Guarantee Check: Massive Underinvestment In Education At The Centre| Countercurrents
countercurrents.org/2024/04/guarantee-check-massive-underinvestment-in-education-at-the-centre/
Workers' slice of the GDP pie: How do income shares compare across Europe?: Analysis reveals huge disparities in labour income share in GDP among European ...
euronews.com/business/2024/04/19/workers-slice-of-the-gdp-pie-how-do-income-shares-compare-across-europe
Ringgit continues to appreciate vs USD at close: KUALA LUMPUR: The ringgit ended the week on a positive note, closing higher against the US dollar for the third ...
thestar.com.my/business/business-news/2024/04/19/ringgit-continues-to-appreciate-vs-usd-at-close
Think tank raises Taiwan 2024 GDP growth to 3.38% amid export optimism - Focus Taiwan
focustaiwan.tw/business/202404190011
Exclusive: German government slightly raises 2024 GDP forecast to 0.3%, source says
reuters.com/markets/europe/german-government-slightly-raises-2024-gdp-forecast-03-source-says-2024-04-19/
Today in Switzerland: A roundup of the latest news on Friday: Police reports that radicalised teens are on the rise; MPs decide not to test population's ...
thelocal.ch/20240419/today-in-switzerland-a-roundup-of-the-latest-news-on-friday-136
China's less-than-meets-the-eye GDP report: After factoring in deflation, China's Q1 growth was likely lower than that of the U.S.
axios.com/2024/04/17/china-us-gdp
Why have private investments dropped? | Explained: Private investment in India has been declining, impacting economic growth, with various factors contributing ...
thehindu.com/business/Economy/why-have-private-investments-dropped-explained/article68081011.ece
From the United States to China: By 2030, these countries will top the global debt list
english.elpais.com/economy-and-business/2024-04-18/from-the-united-states-to-china-by-2030-these-countries-will-top-the-global-debt-list.html
S&P cuts Israel's long-term ratings to A+ from AA- on heightened geopolitical risk
jpost.com/breaking-news/article-797859
Three takeaways from China’s upbeat Q1 growth: China’s first-quarter gross domestic product (GDP) surpassed market expectations, indicating a promising start to ...
asiatimes.com/2024/04/three-takeaways-from-chinas-upbeat-q1-growth/
Explained: Vietnam’s $12 billion financial fraud, for which a businesswoman has been sentenced to death
indianexpress.com/article/explained/explained-global/vietnam-scam-truong-my-lan-death-penalty-9266548/
Quick Glance: Death Sentence for Real Estate Tycoon in Vietnam's Largest Fraud Case
- Truong My Lan, a prominent businesswoman and real estate tycoon, was sentenced to death in Vietnam's largest financial fraud case, marking a shocking development in the country's escalating anti-corruption campaign.
- Born in 1956, Lan founded the Van Thinh Phat company with her family in 1992, which grew to become one of Vietnam's richest real estate firms linked to some of Ho Chi Minh's most valuable properties.
- She was accused of using the bank as her cash cow, illegally controlling it between 2012 and 2022, and using thousands of 'ghost companies' in Vietnam and abroad to give loans to herself and her allies.
- Her arrest in October 2022 falls within a period of increased anti-corruption efforts in Vietnam ramping up since 2022, impacting the country's economic outlook and unsettling foreign investors.
EU to consider Poland's defense spending in deficit limit, Polish finance minister says
reuters.com/world/europe/eu-consider-polands-defense-spending-deficit-limit-polish-finance-minister-says-2024-04-18/
China GDP Latest: Factory-Led Growth Complicates Relations With US, Europe: I’m Katia Dmitrieva, Asia economics correspondent in Hong Kong. Today ...
bloomberg.com/news/newsletters/2024-04-16/china-gdp-latest-factory-led-growth-complicates-relations-with-us-europe
India's 10% GDP contributors struggle to vote due to job loss, & travel expenses. The #ElectionCommission's Remote #EVM initiative remains a proposal ...
newslaundry.com/2024/04/15/vote-or-lose-jobs-the-impossible-dilemma-facing-migrant-workers-in-india
Global warming of 3 degrees Celsius may result in 10% GDP loss: ETH study: Warming of the planet by 3 degrees Celsius may cost the world up to 10 per cent of its ...
business-standard.com/world-news/global-warming-of-3-degrees-celsius-may-result-in-10-gdp-loss-eth-study-124041800901_1.html
Brazil Will Water Down Key 2025 Budget Target as Spending Rises: Brazil will target a less ambitious 2025 fiscal outcome than previously indicated ...
bloomberg.com/news/articles/2024-04-15/brazil-will-water-down-key-2025-budget-target-as-spending-rises
Paid articlePaid Economists confident euro zone inflation will fall to 2% - ECB poll: Economists are sticking to their view that inflation in the euro zone will fall to 2% and ...
reuters.com/markets/europe/economists-confident-euro-zone-inflation-will-fall-2-ecb-poll-2024-04-12/
EEM ETF: Best To Wait On The Sidelines For Now: iShares MSCI Emerging Markets ETF is not very cost-efficient relative to its peers. Read more to see our analysis ...
seekingalpha.com/article/4684400-eem-etf-not-great-time-to-pursue-best-to-wait
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HDFC Securities predicts India's GDP to double by 2030; identifies trends and stocks for sustained growth | Mint
livemint.com/market/stock-market-news/hdfc-securities-predicts-indias-gdp-to-double-by-2030-identifies-trends-and-stocks-for-sustained-growth-stock-market-11713422104842.html
Despite positive developments: Italy's GDP is below the EU average: According to statistics, Italy has recovered from the pandemic like no other EU country ...
de.euronews.com/2024/04/17/trotz-positiver-entwicklung-italiens-bip-liegt-unter-eu-durchschnitt
Europe's Defense Dilemma: How to Balance Costs and Benefits?: What are the economic impacts of increased security spending in Europe? Euronews highlights the ...
de.euronews.com/business/2024/04/17/europas-verteidigungs-dilemma-wie-wagt-man-kosten-und-nutzen-ab
#MintCharts | The International Monetary Fund (IMF) on Tuesday raised India’s economic growth projection for 2024-25 to 6.8% from 6.5% projected in January ... Show more
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