Germany and France see contraction as euro zone stalls in Q4
The euro zone economy stagnated in the fourth quarter of 2024, registering zero growth, according to preliminary data released by Eurostat on Thursday. The figure...
Tag : GDP
EU research spending rises to €381.4 billion in 2023, up 6.7%
The European Union allocated €381.4 billion to research and development (R&D) in 2023, reflecting a 6.7% increase from the previous year’s expenditure of €357.4 billion...
UAE’s non-oil economy set for 4.7% growth in 2024, says UBS expert
MENA Newswire News Desk: The UAE's non-oil economy is projected to grow by 4.7% in 2024, according to Michael Bolliger, Chief Investment Officer for Global...
EU deadline extended for Belgium’s budget plans
MENA Newswire News Desk: In a move that underscores ongoing governmental instability, Belgium has postponed the submission of its budget plans to the European Commission, citing...
ADB projects India’s economy to grow steadily by 7% in FY2024
The Asian Development Bank (ADB) has revised its projection for India's gross domestic product (GDP) growth in the fiscal year (FY) 2024, anticipating a solid...
Israeli economy reels as GDP shrinks by 20% amid Gaza war
Israel's gross domestic product (GDP) took a significant hit, contracting by nearly 20% in the fourth quarter of 2023, according to official figures released recently....
Japan slips to fourth-largest economy as recession hits
Japan, a former economic powerhouse, has been displaced from its longstanding position as the world's third-largest economy by Germany. This significant shift in global economic...
Moody’s warns of China’s economic slowdown
Moody's Investors Service is expressing mounting apprehension over the sovereign creditworthiness of Asia-Pacific countries in 2024. Their negative outlook stems from a combination of factors:...
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. The bank, known for its comprehensive and data-driven analyses of...
Germany’s recessionary trends and the euro area’s future
Germany, Europe's economic powerhouse, experienced a contraction in its economy for the first time since the Covid-19 pandemic began. The Federal Statistical Office of Germany...