2023-11-29 18:25:35 The U.S. economy grew at an even stronger pace then previously indicated in the third quarter, the product of better-than-expected business investment and stronger government spending, the Commerce Department reported Wednesday. Gross domestic product, a measure of all goods and services produced during the three-month period, accelerated at a 5.2% annualized pace, the … Read more
2023-10-25 21:47:41 People shop along Broadway in Manhattan on July 27, 2023 in New York City. Spencer Platt | Getty Images The U.S. economy likely turned in another strong performance heading into the final part of the year, though what’s ahead could be significantly different. Gross domestic product, or the sum of all goods and … Read more
As per the latest estimates of National Income released by National Statistical Office, Ministry of Statistics and Programme Implementation (MoSPI), real GDP is projected to grow by 9.1 per cent in 2021-22 (1st RE) and 7 per cent in 2022-23 (2nd AE). This was stated by the Union Minister of State for Finance Shri Pankaj … Read more
The value of the inter-state flow of goods in India increased to about 70 per cent of GDP in FY22 from nearly 55 per cent in FY18, taking into account movements of domestic and imported goods, shows a paper authored by Bibek Debroy, chairman of the Prime Minister’s Economic Advisory Council (PMEAC), signalling increasing economic … Read more
Shocking estimates announced by the World Bank for the value of the initial losses as a result of the major earthquake that struck southern Turkey. It expected that the cost of reconstruction would exceed twice the value of the losses. So what are these estimates in numbers? Part of the devastation left by the February … Read more
Consumers choose to buy goods at a supermarket in Frankfurt, Germany. (Photo: THX/VNA) German Economy will grow slightly this year. This is the revised forecast for European Commission (EC) after Europe’s largest economy had more positive signals in the first months of the year. According to the Vietnam News Agency correspondent in Berlin, in the … Read more
The U.S. economy finished 2022 in solid shape even as questions persist over whether growth will turn negative in the year ahead. Fourth-quarter gross domestic product, the sum of all goods and services produced for the October-to-December period, rose at a 2.9% annualized pace, the Commerce Department reported Thursday. Economists surveyed by Dow Jones had … Read more
A joint group of US lawmakers, from both the Republican and Democratic parties, is preparing an urgent plan to confront the debt crisis that is about to hit the US economy. A group of representatives in the US Congress is preparing a plan to avoid the debt ceiling crisis. US Republican Representative Brian Fitzpatrick said … Read more