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GDP
Asia
China’s industrial output rises 5.6 percent in May, signaling continued economic expansion
China's retail sales grew 3.7 percent in May, up from 2.3 percent in April
Sustainability
Brazil to be 8th largest economy as it gears up to host COP30 climate conference in 2025, says President
The Brazilian leader also noted that country's GDP grew by 2.5 percent in the last 12 months
Hospitality & Tourism
Global travel and tourism sector to grow by about $15 trillion over next decade: WTTC
The President of WTTC praised the UAE for their efforts in utilising travel and tourism to promote sustainable development
Asia
China reclaims top spot with $196.5 billion in international tourism spending in 2023: Report
This reflects the continued recovery of the Asia and Pacific (APAC) region from the impacts of the COVID-19 pandemic
Economy
Russia raises 2024 budget deficit estimate to $23.76 billion at 1.1 percent of GDP
Russia reduced forecasts for additional oil and gas revenues by 767 billion roubles to 1.05 trillion roubles
Economy
U.S. economic growth in Q1 revised down to 1.3 percent, but consumer spending stays strong
Q1 GDP growth was a sharp slowdown from Q4 2023's 3.4 percent pace
Sustainability
Clean tech manufacturing investments reach $200 billion in 2023, up 70 percent: Report
China accounted for three-quarters of the total investments in this field, according to the report
Economy
Brazil hikes 2024 GDP projection to 2.5 percent, sees inflation reaching 3.2 percent in 2025
The projected inflation rate for 2024 has been revised upwards to 3.70 percent
Africa
IMF maintains Nigeria growth forecast at 3.3 percent in 2024, inflation to decline to 24 percent
Potential shocks to agriculture, global food prices and oil production remain a risk to Nigeria's growth
Economy
U.K.’s GDP growth to remain sluggish at 0.4 percent in 2024: OECD
Unemployment to steadily increase to 4.7 percent by 2025 as U.K. labor market cools
Economy
Eurozone economy expands 0.3 percent in Q1 2024, inflation to remain stable at 2.4 percent
Economic expansion in Germany, Spain and Ireland propelled eurozone's economic growth
Economy
U.S. economy grows 1.6 percent in Q1, slowest in nearly two years
Decline in government spending contributes to moderation in U.S. economic activity
Asia
South Korea’s GDP grows 1.3 percent in Q1 2024 driven by export recovery
The country achieved its most rapid economic growth in more than two years
Economy
U.S. economy likely to grow 2.4 percent in Q1 as delayed rate cuts signal inflation surge
U.S. labor market supports growth with job gains averaging 276,000 per month in Q1 of 2024
Economy
Russia raises GDP growth forecasts for 2024 to 2.8 percent amidst higher inflation, weaker rouble
IMF projects a GDP growth rate of 3.2 percent for Russia
Markets
Gold prices recover as markets await key U.S. economic data
Gold could remain between $2,300 and $2,350 unless a fresh catalyst emerges
Economy
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
Asia
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
Markets
Oil prices rebound by 27 cents, Brent crude reaches $87.27 per barrel
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
Africa
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
Asia
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
Africa
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
Economy
IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
Asia
China’s economy grows 5.3 percent in first quarter of 2024
High-tech manufacturing propels growth despite property market concers
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