Germany and France see contraction as euro zone stalls in Q4
The euro zone economy stalled in Q4, posting zero growth, missing forecasts. The ECB responded with a rate cut as inflation concerns persist despite weak...
Tag : GDP
EU research spending rises to €381.4 billion in 2023, up 6.7%
The EU spent €381.4 billion on R&D in 2023, up 6.7% from 2022, maintaining an R&D intensity of 2.2%, with the business sector leading investment...
UAE’s non-oil economy set for 4.7% growth in 2024, says UBS expert
The UAE's non-oil economy is forecast to grow 4.7% in 2024, driven by tourism, real estate, and infrastructure projects, alongside robust foreign investments and diversification...
EU deadline extended for Belgium’s budget plans
Belgium has delayed submitting its budget plans to the EU, citing the need for more time due to ongoing government formation talks....
ADB projects India’s economy to grow steadily by 7% in FY2024
ADB projects India's 7% economic growth for FY2024, driven by robust investment and strong services sector....
Israeli economy reels as GDP shrinks by 20% amid Gaza war
Israeli economy reels as GDP shrinks by 20% amid ongoing Gaza war, high-tech sector particularly affected by extensive military mobilization....
Japan slips to fourth-largest economy as recession hits
Japan's economy slips to fourth place as recession hits, with Germany overtaking amid global economic shifts....
Moody’s warns of China’s economic slowdown
Moody's warns of Asia's 2024 sovereign credit risks as China's economic growth slows amidst geopolitical concerns....
Lebanon’s grim economic outlook in World Bank’s 2024 report
Based on the World Bank's projections as of 2024, Lebanon's economic situation remains deeply concerning and "high uncertain."...
Germany’s recessionary trends and the euro area’s future
In 2023, Germany's economy saw a 0.3% decline, its first since the Covid-19 outbreak, amid various national challenges, per Destatis data....