GDP

New Zealand's Economy Shrinks Less Than Expected

2 months ago

In recent months, New Zealand's economy has faced a multitude of challenges; however, recent data indicates that its contraction in the second quarter of 2024 was less significant than analysts had predicted. It was expected that the strong domestic demand and stable employment situation would contribute to more stable economic indicators.

Ghana's Economic Growth: Rapid GDP Surge Amid Global Challenges

2 months ago

Amid global economic difficulties and instability, Ghana is showcasing impressive growth in its gross domestic product (GDP). According to the latest data, the country's economy grew by 5.3% in the second quarter of 2024, marking the most significant growth rate in the past five years. This figure surpasses previous economists' forecasts, which anticipated economic growth at around 3.8%.

Brazil Raises GDP and Inflation Forecasts Ahead of Rate Decision

3 months ago

The Brazilian authorities have successfully upgraded their forecasts for gross domestic product (GDP) growth and inflation, coinciding with the anticipation of an important interest rate decision from the country's Central Bank. According to the latest report, GDP growth is expected to reach 2% in 2024, exceeding previous estimates, along with a small uptick in inflation levels.

Unexpected Results: UK Economy Stagnates for a Second Consecutive Month

3 months ago

The UK economy unexpectedly entered a state of stagnation for the second consecutive month, as fresh data for July was published. Despite previous forecasts predicting modest growth, the actual results turned out significantly worse than expected. This reflects the complex economic landscape the country is facing amid various internal and external challenges.

Debt Levels at New Highs: Thailand's Household Debt Reaches 16-Year Peak

3 months ago

According to a new survey, Thailand's household debt has reached its highest point in 16 years, indicating an increasing financial burden on locals amid slowing economic growth. The survey data shows that the total household debt level has reached 90% of the country’s gross domestic product (GDP), threatening financial stability and consumer spending.

Turkey Adjusts GDP Forecast in Effort to Harmonize Growth and Inflation

3 months ago

Recently, the Turkish government revised its gross domestic product (GDP) growth forecast for 2024, reducing it from the previously projected 4% to 3% as part of efforts to balance economic growth and inflation, which continues to remain at high levels. This change is expected to facilitate a more cautious approach in the country’s economic policy, as high inflation rates pressure consumer prices and public purchasing power.

Japan Revises 2Q GDP Growth Pace Lower Against Initial Estimate

3 months ago

The Japanese government has released revised data regarding the country's gross domestic product (GDP) growth for the second quarter of 2024, indicating a lower rate than the initial estimate. According to the new figures, the economy grew by 2.5% on an annual basis, down from the previously forecasted 2.7%. This revision is attributed to several factors, including decreased consumer spending and a slowdown in business investment.

Italy Remains Confident of 1% GDP Growth in 2024 Despite Challenges

3 months ago

Italian authorities are maintaining optimism regarding the country's economic outlook for 2024 despite current challenges marked by rising energy prices and global economic instability. In an interview, a high-ranking official confirmed that the government is targeting a gross domestic product (GDP) growth of 1% amid ongoing issues.

Brazil's Economy Shows Impressive Growth in Q2 Driven by Consumer Spending

3 months ago

Brazil's economy has demonstrated impressive growth in the second quarter of 2024, primarily due to an increase in consumer spending. According to data released in early September, the country's gross domestic product (GDP) grew by 1.5% compared to the previous quarter. This figure was significantly higher than economists' forecasts, which anticipated a more modest growth of around 0.8%.

Q2 2024: South Africa Reports GDP Growth Driven by Manufacturing and Power Supply

3 months ago

According to the latest economic data released on September 3, 2024, South Africa reported a notable growth in Gross Domestic Product (GDP) of 1.7% in the second quarter of 2024. This economic success was largely attributed to a recovery in the manufacturing sector and improvements in power supply. The country, which has been grappling with persistent power outages, has managed to partially mitigate the issue in recent months by increasing electricity generation and reducing the frequency of blackouts.