India's economy is on track to grow by at least 7% this year, according to Finance Minister Nirmala Sitharaman. She highlighted the country's strong economic foundations, which are expected to keep consumer spending steady. Low inflation and recent tax cuts are contributing to this optimism. The ec
In late 2024, the UK economy showed a small but surprising growth of 0. 1% in the fourth quarter. This news came as a pleasant surprise, as experts had predicted a slight contraction of 0. 1%. The services and construction sectors were the stars of the show, with growth rates of 0. 2% and 0. 5% resp
The stock market is like a rollercoaster, with big tech stocks making some exciting moves. Let's talk about the Dow Jones Industrial Average. This reached a 240 point jump, with a rise of 0. 54%. But this is not the whole story. The Nasdaq and S&P 500 also saw gains of 0. 18% and 0
In a twist of events, Japan's economy has seen a surprising 0. 3% year-on-year boost in its real GDP this past quarter. This sharp turnaround comes after a 1. 1% dip in the previous quarter. You might be wondering what caused this sudden shift. The Bank of Japan made an interesting move when it rais
You might think high interest rates would slow down the economy. But surprisingly, the U. S. economy grew at a steady 2. 8% pace from July through September. Consumers were the big spenders, driving growth even with higher interest rates. While business investments cooled off a bit, exports picked u
China recently announced that its economy grew by 4. 6% in the third quarter compared to the same period last year. This growth slightly surpassed the expectations of economists, who had predicted a 4. 5% increase. Although this growth rate is a bit slower than the 4. 7% growth seen in the second qu
China's economy grew by just 4. 6% in the third quarter, the second quarter in a row to miss the government's target of 5% growth for 2024. Weak consumer spending, a struggling property market, and slower industrial output are to blame. Retail sales grew by 3. 3%, down from 3. 7%, and industrial pro
China's economy grew by 4. 6% in the third quarter, the slowest pace in six quarters. This news came with a surprise: the country's central bank announced two new programs to boost the stock market. These programs could inject around $112. 6 billion into the market. This happened even as China's sta
China's Finance Minister Lan Fo'an hinted at increasing the deficit during a recent press briefing, suggesting greater fiscal flexibility. He stressed that the opportunity to do so is "quite substantial," but further discussions are ongoing. Economists have been calling for more financial backing fr
Indonesia has been on a rollercoaster ride of economic growth, with a yearly GDP increase of 5%. This achievement is not enough, according to Finance Minister Sri Mulyani Indrawati, to help the country become a high-income nation. The government aims to achieve this goal by 2045, as part of its "Gol
