Economy

China’s employment stability, social security fund growth in Q1 reflect economic resilience

3.03 million new urban employment opportunities reflect China's improving economic landscape

Greece’s economy expected to grow by 2.1 percent in 2024, new report reveals

Tourism boosts country’s economy, but lower exports and consumption weigh on growth

India’s manufacturing sector continues to support private sector growth, PMI data says

Growth in India remained broad-based in both the manufacturing and services sectors

China leaves benchmark lending rates unchanged in line with market expectations

The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent

Australia business activity expands at fastest rate in two years: PMI data

Australia's business confidence rises to the joint-highest in 14 months in April

ECB stays committed to multiple rate cuts despite Fed’s caution, global uncertainty

Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity

UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation

This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019

Africa’s $824 billion debt burden, loans undermine its economic potential: ADB president

Eurobond debt now accounts for 44 percent of Africa's total debt

World Bank secures $11 billion backing for new financial instruments to boost lending capacity

WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years

Egypt to ensure foreign currency availability through maintaining flexible exchange rate

This represents a key condition for Egypt's $8 billion loan program signed with the IMF

Steady labor market in the U.S. strengthens overall economy, unemployment claims remain low

Labor market changes could primarily stem from reduced hiring rather than sudden rise in terminations

IMF’s Georgieva urges China to address economic slowdown, enhance productivity

The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies

China’s fiscal stimulus shifts focus amid effectiveness concerns: S&P report

Fiscal stimulus in China aims to buy time for the implementation of longer-term policies

Japan’s March core inflation slows to 2.6 percent despite yen weakness

Despite wage hikes, inflation-adjusted real wages continued to decline for nearly two years

Egypt’s GDP expected to reach 4 percent in FY 2024/2025: Ministry of Finance report

The report predicts an 18.1 percent average annual headline inflation rate

ECB signals potential June interest rate cut despite rising oil prices, weaker euro

ECB ready to adapt monetary policy stance if current trends persist

U.S. economic activity expands slightly in April, inflation expectations remain firm: Survey

Inflation's reversed momentum sparks concern over interest rate cut timing

Bank of Japan signals gradual approach to interest rate hikes amidst domestic economic challenges

Board member Noguchi foresees slower policy adjustments compared to global counterparts

South Africa’s inflation dips to 5.3 percent in March, Reserve Bank to maintain 8.25 percent rates

On a month-on-month basis, consumer inflation was 0.8 percent in March, down from 1.0 percent in February

Türkiye announces economic strategy to boost public savings, investments, and reforms

President Erdogan projected that economic growth will reach around 4 percent this year

Riyadh to ‘move ahead significantly’ on $5 billion Pakistan investment plan

Investments to encompass agriculture, mining, information technology, and aviation