Economic growth

The United States confirmed that it is entering a recession after falling its GDP by 0.1% in the second quarter

The US government confirmed on Thursday that the country’s economy fell by 0.1% in the second quarter of the year and fell at an annual rate of 0.6%. This is pointed out by the third and last official calculation of the economic evolution of the country published by the Bureau of Labor Statistics (BEA), which … Read more

New blow to economic activity in Chile: in July it posted its worst performance in 17 months | Economy

Commercial activity fell and services, on the other hand, grew mainly due to the performance of personal services, particularly health. The Central Bank reported this Thursday that the Monthly Index of Economic Activity (Imacec) July 2022 grew 1,0% compared to the same month of the previous year. It was about the lowest performance in 17 … Read more

More than initial estimates .. German economy grows 0.1% during the second quarter

Economic data, published today, Thursday, showed that the German economy performed better than estimates during the second quarter of this year, as it recorded a growth rate of 0.1% of GDP, despite the high inflation rate and the war in Ukraine. And Bloomberg news agency reported that the data of the German Federal Statistics Office … Read more

IMF projects that Chile will not grow in 2023 | Economy

For neighboring economies, the Fund projected a better performance in 2023 than the local one; and stressed that the situation in China is having “global consequences.” The International Monetary Fund (IMF) projected that Chile, unlike the main neighboring economies, will not grow in 2023. Although this year’s expansion improved to 1.7%, the outlook for next … Read more

The Central Bank: We expect 6% economic growth and we will continue to cooperate with the IMF

Ramy Abul-Naga, Deputy Governor of the Central Bank of Egypt, said that the Central Bank is successfully managing monetary policy at the present time amid the challenges facing the global economy, pointing out that the Egyptian government has supported infrastructure, roads, and silos for preserving grain and wheat in a way that supports the strength … Read more

Expectations exceeded: China’s economy is growing by almost five percent

exceeded expectations China’s economy is growing by almost five percent 04/18/2022, 06:47 am Despite the pandemic and the Ukraine conflict, the Chinese economy grew by 4.8 percent in the first quarter of 2022. However, the lockdowns, some of which were very tough, have resulted in a significant decline, especially in retail. Industrial production, on the … Read more