Source link Latvia resolves to provide Kiev with military aid equivalent to 0.25% of its GDP each year, as part of new agreement with Ukraine Riga has resolved to supply Ukraine with military aid amounting to $120 million (€112 million) this year and will continue giving the equivalent of 0.25% of Latvia’s GDP in aid […]
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 Economic growth across the world is forecast to slow for the third year in a row in 2024 The global economy is on track for its worst five-year period of growth in at least three decades, the World Bank warned in its latest ‘Global Economic Prospects’ report released on Tuesday. This year, global […]
Source link The country’s economy is projected to grow 1.3% this year, according to the latest report The Russian economy outperformed expectations in 2023, according to the latest report by the World Bank, which estimates the country grew at 2.6% for the year. This is an upward revision from the previous projection of 1.6% growth. […]
Source link A US-China clash over the self-ruled island would cost the world some $10trn, the business news outlet estimates If the US and China were to have a military showdown over the island of Taiwan, the global GDP would plummet 10.2% in one year, or roughly $10 trillion, Bloomberg’s modeling predicts. The business news […]
Source link The president has praised the country’s economic performance in his annual address DETAILS TO FOLLOW
Source link The Japanese economy contracted by almost 3% in the third quarter of 2023, suffering its first decline in a year as inflation weighed on household consumption and corporate investment slowed, revised data showed on Friday. GDP in the world’s third-largest economy shrank by an annualized 2.9% between July and September, worse than a […]
Source link Western countries have failed to destabilize the country’s economy, according to the Russian president The Russian economy has grown by 3.2% in the first ten months and GDP will rise by 3.5% this year, beyond the levels recorded prior to the conflict in Ukraine, President Vladimir Putin said during his address at VTB […]
Source link The economy has largely recovered from last year’s sanctions-induced slump, according to VEB The Russian economy could expand beyond previous projections this year, Andrey Klepach, chief economist at the Russian state development corporation VEB.RF, predicted on Thursday. According to Klepach, gross domestic product (GDP) growth by the end of the year could reach […]