Economy

Federal Reserve Raises Rates For the 10th Time in 14 Months, Says No Rate Cuts in Near Future

The Fed chairman also suggested it would be premature to expect any rate cuts in the near future as inflation remains high.

May 4, 2023

By Jacob J

China Q4 GDP grows 6.8 percent, slightly more than expectations, but rises debt risks

Chinese Economy Posts Solid Q1 Growth; IMF Says China Set to Lead Global Expansion in Next 5 Years

The NBS data shows that China's exports surged in March, while consumption, services and infrastructure spending increased in all of the last three months.

Apr 18, 2023

By Jacob J

IMF Cuts Pakistan Economic Growth Forecast as Concerns Over 'Deep-rooted Financial Crisis' Grow

In a latest forecast, the IMF has reduced the economic growth estimates of Pakistan to 0.5 per cent, while the inflation spike projection estimates are far above 20 per cent for at least two years.

Apr 12, 2023

By IANS

Singapore's First Quarter Economic Growth Hits Slower Pace Than Expected, New Poll Shows

According to the Reuters poll, the gross domestic product (GDP) of Singapore grew by 0.6 percent in the January-March period compared with a year ago.

Apr 12, 2023

By Jacob J

Pakistan Needs to Repay $77 Billion in External Debt in 3 Years; Default is a Real Threat, Says Think Tank

The size of Pakistan's external debt as of the end of 2022 is a staggering $126.3 billion.

Apr 9, 2023

By Jacob J

US Job Growth Data: Robust Hiring in March Shows Economy Continues to Expand at Brisk Pace

Nonfarm payrolls increased by 236,000 jobs last month, the survey of establishments showed.

Apr 8, 2023

By Reuters

IMF Managing Director Kristalina Georgieva

IMF Warns 2023 Global Economic Growth Will Be The Weakest Since 1990 Due To Rising Interest Rates

The IMF's latest World Economic Outlook will be released next week, giving more details of the financial body's assessment of the global economy.

Apr 6, 2023

By Jacob J

China's Xi Jinping says Belt and Road Initiative needs to reject protectionism, 30 leaders agree to support

China's Belt Road Bill: Beijing Spends $240 Billion to Bail Out These Countries

Argentina received the most, with $111.8 billion, followed Pakistan on $48.5 billion and Egypt with $15.6 billion. Nine countries received less than $1 billion.

Mar 28, 2023

By Reuters

Putin Says Russian Unemployment Rate Has Dropped to Record Low and Incomes Have Been Rising

Though crippling Western sanctions on Russia hit its banks, tech industry and the super rich, the country in general has been spared the worst impacts of a disastrous war.

Mar 15, 2023

By Jacob J

World Bank Announces Additional $2.5 Billion In Ukraine Aid; Total Reaches $20.6 Billion

The money will support salaries in core government functions and sectors such as healthcare and education while allowing Kyiv to pay pensions and support internally displaced people.

Feb 25, 2023

By Reuters

Eurozone Avoids Recession as Inflation Edges Down and Gas Price Surge Abates

However, six eurozone countries including large economies like Germany and Italy reported negative economic growth in the fourth quarter of 2022.

Feb 15, 2023

By Jacob J

The Cost of Earthquake: Turkey Suffers Loss of At Least $84 Billion; GDP to Fall by 2 Percentage Points

The 10 provinces that were hit by the earthquake contribute as much as 10 percent of Turkey's GDP.

Feb 13, 2023

By Jacob J

Singapore economy expands by 1.8 per cent in Quarter 1

Singapore Says Economy Will Expand up to 2.5% in 2023 as Demand Outlook Improves

Singapore's Ministry of Trade and Industry said the southeast Asian economy is expected to grow in a range of 0.5 percent to 2.5 percent in 2023.

Feb 13, 2023

By Jacob J

China's Race to Become Global Digital Leader and Biggest Economy at Risk as US Tightens Chip War

Though China has a huge advantage in various segments of the economy, its weakness lies in the semiconductor segment.

Feb 8, 2023

By Jacob J

US Unemployment Falls to 53-Year Low as Job Creation Booms: SIX Points

The stronger than expected job numbers were accompanied by a a fall in the unemployment rate to 3.4 percent, marking the lowest jobless level in as many as 53 years.

Feb 3, 2023

By Jacob J

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BLOGS AND FEATURES

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

By IBTimes SG Desk

Previous 1 of Next

Economy

Federal Reserve Raises Rates For the 10th Time in 14 Months, Says No Rate Cuts in Near Future

Chinese Economy Posts Solid Q1 Growth; IMF Says China Set to Lead Global Expansion in Next 5 Years

IMF Cuts Pakistan Economic Growth Forecast as Concerns Over 'Deep-rooted Financial Crisis' Grow

Singapore's First Quarter Economic Growth Hits Slower Pace Than Expected, New Poll Shows

Pakistan Needs to Repay $77 Billion in External Debt in 3 Years; Default is a Real Threat, Says Think Tank

US Job Growth Data: Robust Hiring in March Shows Economy Continues to Expand at Brisk Pace

IMF Warns 2023 Global Economic Growth Will Be The Weakest Since 1990 Due To Rising Interest Rates

China's Belt Road Bill: Beijing Spends $240 Billion to Bail Out These Countries

Putin Says Russian Unemployment Rate Has Dropped to Record Low and Incomes Have Been Rising

World Bank Announces Additional $2.5 Billion In Ukraine Aid; Total Reaches $20.6 Billion

Eurozone Avoids Recession as Inflation Edges Down and Gas Price Surge Abates

The Cost of Earthquake: Turkey Suffers Loss of At Least $84 Billion; GDP to Fall by 2 Percentage Points

Singapore Says Economy Will Expand up to 2.5% in 2023 as Demand Outlook Improves

China's Race to Become Global Digital Leader and Biggest Economy at Risk as US Tightens Chip War

US Unemployment Falls to 53-Year Low as Job Creation Booms: SIX Points

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

ECB Estimates Eurozone Inflation to be Above 3% next Year; Another Rate Hike on the Cards

ECB Estimates Eurozone Inflation to be Above 3% next Year; Another Rate Hike on the Cards

Economists Cut Ailing Chinese Economy's Growth Rate This year to 5% From 5.5%

Economists Cut Ailing Chinese Economy's Growth Rate This year to 5% From 5.5%