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gross domestic product

Thai growth quickens in second quarter on higher consumption, tourism

by Ron Morgan
Thai growth quickens in second quarter on higher consumption, tourism

Panoramic view of urban landscape in Bangkok Thailand Primeimages | E+ | Getty Images Thailand’s economic growth strengthened in the second quarter due to higher consumption, tourism and exports, official data showed on Monday, and the …

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Vietnam reportedly forfeits billions of dollars in foreign aid amid anti-graft freeze

by Walter Watson
Vietnam reportedly forfeits billions of dollars in foreign aid amid anti-graft freeze

Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank …

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China has yet to join the ‘rich country’ club. Has the middle-income trap been sprung?

by Walter Watson
China has yet to join the ‘rich country’ club. Has the middle-income trap been sprung?

In comparison, in 2021, it was just US$100 away by the World Bank’s criterion – a per-capita GNI of US$12,551 compared to the US$12,695 requirement that year. China stands at …

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Economy increased at a 1.6% rate

by Walter Watson
Economy increased at a 1.6% rate

U.S. economic growth was much weaker than expected to start the year, and prices rose at a faster pace, the Commerce Department reported Thursday. Gross domestic product, a broad measure …

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Can Indonesia’s next president Prabowo deliver on his big promises?

by Walter Watson
Can Indonesia’s next president Prabowo deliver on his big promises?

Prabowo Subianto, Indonesia’s presidential candidate and defense minister, center, waves to supporters in Jakarta, Indonesia, on Wednesday, Feb. 14, 2024. Prabowo declared victory in Wednesday’s presidential vote, citing independent pollsters, …

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Germany’s economy is on shaky ground and there are few signs of hope

by Walter Watson
Germany’s economy is on shaky ground and there are few signs of hope

Federal Chancellor Olaf Scholz (SPD, r-l), Robert Habeck (Alliance 90/The Greens), Federal Minister for Economic Affairs and Climate Protection, and Christian Lindner (FDP), Federal Minister of Finance, follow the debate …

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Shanghai offers financing and land-use support to foreign investors, as city commits to meet 5 per cent economic growth in 2024

by Anas Siddiqui
Shanghai offers financing and land-use support to foreign investors, as city commits to meet 5 per cent economic growth in 2024

“We will give more policy guarantees in the areas of land use, energy supply, environmental evaluation and financing, [while] encouraging more foreign companies to invest in green transition, digitalisation and …

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Two important events this week could determine the future of Fed rate policy

by Ron Morgan
Two important events this week could determine the future of Fed rate policy

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2024.  Brendan Mcdermid | Reuters Markets have become less convinced that …

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China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

by Anas Siddiqui
China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

“In the future, internet companies need to be more open-minded and inclusive to promote truly win-win cooperation in the industry,” the Securities Times article said. Increased collaboration between China’s major …

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pli: Automobile industry will contribute to India’s rise as third largest economy

by Horatio Thompson
pli: Automobile industry will contribute to India’s rise as third largest economy

Indian automobile industry will have the highest contribution to the country’s rise as the third largest economy, Heavy Industries Minister Mahendra Nath Pandey said Tuesday. Speaking at the auto Production …

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