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GDP

Sooner or later, every NATO country will have to meet defence spending target, says Polish PM

by Walter Watson
Sooner or later, every NATO country will have to meet defence spending target, says Polish PM

All members of NATO will eventually have to fulfil the pledge to spend two per cent of their GDP on defence, Poland’s prime minister said on Monday at the conclusion …

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Opinion | Japan’s split-screen economy: roaring stocks and shrinking GDP

by Walter Watson
Opinion | Japan’s split-screen economy: roaring stocks and shrinking GDP

The data depicts weakness in consumption, capital expenditure, public investment and home sales. The downshift in China, Japan’s top trading partner, does not augur well for exports going forward. All …

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AfDB report puts Africa’s GDP at 3.8% in 2024

by Ron Morgan
AfDB report puts Africa’s GDP at 3.8% in 2024

The real Gross Domestic Product (GDP) growth for Africa is expected to average 3.8 per cent and 4.2 per cent in 2024 and 2025. The African Development Bank (AfDB) said …

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Japan slips to the world’s fourth-largest economy, behind the US, China and now Germany

by Walter Watson
Japan slips to the world’s fourth-largest economy, behind the US, China and now Germany

The comparisons among nations’ economies look at nominal GDP, which doesn’t reflect some different national conditions, and is in dollar terms. The Shinjuku district of Tokyo. Japan’s economy has slipped …

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Prabowo Subianto, an ex-general with alleged dark past, on track to win Indonesian election

by Walter Watson
Prabowo Subianto, an ex-general with alleged dark past, on track to win Indonesian election

Dismissed from the military amid speculation of rights abuses, exiled in Jordan and once banned from the U.S., Indonesian Defence Minister Prabowo Subianto is now poised to be the country’s next leader on his third …

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Nato allies ‘spending more’ as defence budgets reach record levels, amid worries about Trump

by Walter Watson
Nato allies ‘spending more’ as defence budgets reach record levels, amid worries about Trump

The announcement comes as US President Joe Biden slammed Trump on Tuesday for suggesting he would allow Russia to attack members of the North Atlantic Treaty Organization that underspent, calling …

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Opinion | Pumped-up stock markets are no indication of a country’s economic health

by Walter Watson
Opinion | Pumped-up stock markets are no indication of a country’s economic health

The massive liquidity sloshing around in the international financial system – a legacy of monetary stimulus during the global financial crisis and the post-pandemic fiscal stimulus – has confused us …

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Opinion | Why doubts over economic data matter more in the US than China

by Walter Watson
Opinion | Why doubts over economic data matter more in the US than China

Yet distrust of statistics is not just confined to China. There is also a significant trust deficit – one which could prove hugely consequential – in the United States. The …

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Interim Union Budget 2024-25: The need for 6% of GDP in the Indian education sector, major roadblocks and more | Business

by Judith Hall
Interim Union Budget 2024-25: The need for 6% of GDP in the Indian education sector, major roadblocks and more | Business

As the interim Union Budget 2024-25 approaches, expectations in the education sector are heightened, anticipating transformative initiatives. From primary education to higher studies, the sector eagerly awaits measures to address …

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Shanghai failed to achieve 5.5% economic growth target for 2023 amid ‘complex and severe’ external environment, mayor says

by Anas Siddiqui
Shanghai failed to achieve 5.5% economic growth target for 2023 amid ‘complex and severe’ external environment, mayor says

The city’s gross domestic product (GDP) expanded 5 per cent to 4.72 trillion yuan (US$664.5 billion) last year as the global economy turned out to be weaker than expected, Mayor …

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