UK Economy to Grow Faster than Japan, Italy and Germany This Year, says OECD
The global economy is “turning a corner”, according to the Organisation for Economic Cooperation and Development, which has upgraded the UK’s growth forecast for this year to faster than that of Japan, Italy and Germany.
China's Central Bank Unveils Most Aggressive Stimulus Since Pandemic
On Tuesday, China's central bank unveiled its biggest stimulus since the pandemic: to pull the economy out of its deflationary funk and back towards the government's growth target.
Bloomberg: China's Macro Figures for August are Unsettling
China's August economic activity data released on Saturday signaled a continued weakening and was alarming.
India’s GDP Growth to Pick Up on Improving Outlook for Private Consumption, Fixed Investments
India’s real GDP growth moderated in the first quarter of 2024-25 as capital formation slowed down even as growth in private consumption, the largest component of GDP, picked up to its highest in seven quarters.
OPEC+ Sees No Peak Oil Demand Long Term, Secretary General Says
OPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand.
The Fastest Declining Economies in the World in 2024
The global economy is experiencing critical economic challenges as growth is projected to slow to 2.6% in 2024 which is just above the recession threshold of 2.5%.
IMF Raises India’s 2025 GDP Growth Forecast by 30 bps to 6.8 Percent
The International Monetary Fund on April 16 raised India’s FY25 GDP growth forecast by 30 bps to 6.8%.
India & China Inflation Readings are Worlds Apart, India is Playing Catch-up after Covid: Moody's Analytics
Retail inflation outlook for Asia's two largest economies India and China is uncertain and currently 'worlds apart,' Moody's Analytics said in a report on Friday.
What's behind China's Gold-buying Spree?
For more than a year, China's central bank has been buying up large amounts of gold.
Japan’s $4 Trillion Offshore Funds Will Ignore First BoJ Hike
Japanese money is poised to stay offshore as the central bank creeps toward tighter policy, according to the latest Bloomberg Markets Live Pulse survey.
Philippines 2023 GDP Rises 5.6% YoY, Est. +5.5%
The news about the Philippines' 2023 healthy GDP growth despite numerous natural disasters and other challenges in the previous year, could potentially boost the country's stock market by creating a positive economic environment and attracting foreign investors.
Brazil Set to Join the Influential OPEC+ Oil Producers' Alliance
According to Brazilian Energy Minister Alexandre Silveira, Brazil will join the influential OPEC+ oil coalition that unites some of the biggest crude-producing nations in the world.
Central Banks of China and UAE Sign MoU to Strengthen Digital Currency Cooperation
The Central Banks of China and the United Arab Emirates (UAE) have recently signed memoranda of understanding (MoUs) relating to digital currencies during the third "Belt and Road" International Cooperation Summit Forum in Beijing last week.
War with Hamas Will Cost Israel ~NIS 27B, Bank Hapoalim Projects
The cost of the war between Israel and the Hamas is estimated to be at least NIS 27 billion ($6.8 billion) as of now, according to initial projections by Bank Hapoalim.