Source link The country’s economy is projected to expand by 5.3% next year, according to a macroeconomic research agency The Chinese economy is expected to grow by 5.3% this year as the property sector recovers and external demand improves, the ASEAN+3 Macroeconomic Research Office (AMRO) said on Monday. In its latest report, the Singapore-based group […]
Source link The struggling German economy will likely end the first quarter of the year in recession, and is not expected to recover for the rest of 2024, the central bank warned in a monthly report published on Monday. According to the forecastthe short-term outlook for German industry is “rather gloomy” due to lingering weakness […]
Source link The German government will revise down its forecast for economic growth in 2024 to 0.2% from an earlier projection of 1.3%, Economy Minister Robert Habeck has warned, according to Bloomberg. Habeck is expected to present the government’s latest economic report and updated forecasts next Wednesday. As among the key factors weighing on the […]
Source link Liabilities held by the public could exceed the country’s annual output as early as next year, according to the Congressional Budget Office US debt held by the public is expected to hit an all-time high within the next ten years, the Congressional Budget Office (CBO) warned in its latest Budget and Economic Outlook, […]
Source link The economy is projected to grow much more rapidly this year than previously expected The IMF significantly raised its growth forecast for the Russian economy in 2024 in its latest World Economic Outlook update released on Tuesday. The Washington-based institution now expects Russian GDP to grow by 2.6% this year, a sharp increase […]
Source link The South American country’s economy is now projected to contract for a second straight year The International Monetary Fund (IMF) has revised down its economic outlook for Argentina, forecasting a second straight year of negative growth amid President Javier Milei’s push for what the IMF report calls a “significant policy adjustment” in his […]
Source link Global production of the fuel is also expected rise whereas supply will likely remain tight, according to the energy watchdog Gas production in Russia is expected to rise by 4% this year, according to the International Energy Agency’s (IEA) Gas Market Report published on Friday. The Paris-based energy watchdog pegged Russian gas output […]
Source link Analysts polled by the news agency expect GDP to turn sluggish due to high interest rates The Russian economy will inevitably slow down in 2024 due to tight monetary policies pursued by the central bank, RIA Novosti reported on Saturday, citing a consensus outlook for the Russia’s GDP growth. Gross domestic product is […]
Source link Top cryptocurrency Bitcoin is expected to continue its surge into 2024, and could hit fresh all-time highs of over $100,000 per token, CNBC reported this week, citing industry analysts. The digital asset has rallied more than 160% this year, trading above $44,200 on Saturday, compared to $16,500 at the start of the year. […]
Source link Sanctions have pushed Moscow towards expanding cooperation with Asia and the Middle East Russia’s trade with ‘unfriendly’ countries has dropped threefold since 2021 and is on course for a further decline, according to a report from the Russian Center for Strategic Research (CSR) published on Saturday. The term ‘unfriendly’ refers to Western countries […]
Source link The Indian economy could perform better than expected next year, with the S&P Global Ratings revising its growth forecast upwards on Monday. The rating agency now projects India’s gross domestic product (GDP) to grow 6.4% in the financial year 2024 compared to the previous forecast of 6%, “as robust domestic momentum seems to […]
Source link Investors are increasingly seeking a safe store of value amid economic uncertainty, according to Fundstrat Gold prices could soon reach a record $2,500 per ounce, driven by safe-haven investor demand in the wake of global uncertainty and geopolitical tensions, some analysts are now projecting. Futures have risen 3% in the past couple of […]
Source link The government’s budget deficit is expected to widen to around 9% of GDP, according to the Finance Ministry Military costs are forcing the Israeli government to turn to debt for financing, with the country raising 18.7 billion shekels (over $5 billion) from local bonds since the start of the conflict with Palestinian militant […]
Source link The European Commission (EC) has substantially raised its growth projection for the Russian economy this year, issuing revised figures in its Autumn 2023 Economic Forecast released on Wednesday. Russia’s economy is set to rebound on the back of “stronger-than-earlier expected domestic demand underpinned by fiscal stimulus,” according to the EC. Brussels now expects […]