Browsing: economic growth
The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic, in an effort to stabilize inflation and boost the weakening labor market.
Saudi Arabia’s non-oil economy grew 4.9% in Q2 2024, powered by financial and insurance gains, supporting the Kingdom’s Vision 2030 focus on reducing oil dependence.
India has unveiled its largest deep-water port, Vadhvan, in Maharashtra today, marking a major boost in the nation’s maritime capabilities and global trade profile.
Saudi Arabia’s strategic reforms lead to a $215 billion FDI, positioning it as a top global investment destination.
The UAE sees continued economic growth in non-oil sectors like real estate, tourism, and manufacturing, according to OPEC’s latest report.
Prime Minister Modi’s historic third term win promises decisive governance, setting the stage for India’s future growth and development.
IMF anticipates a 50% drop in China’s housing demand over the next decade, which could impact the country’s economic growth significantly.
President Sheikh Mohamed bin Zayed chairs ADNOC board meeting, emphasizing sustainability and global energy transition.
Moody’s warns of Asia’s 2024 sovereign credit risks as China’s economic growth slows amidst geopolitical concerns.
In 2023, Germany’s economy saw a 0.3% decline, its first since the Covid-19 outbreak, amid various national challenges, per Destatis data.