GDP News
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Russia bans oil sales to countries that accept price cap
Russia announced on Tuesday it would ban oil sales to countries that abide by a price cap imposed this month...
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IMF calls for co-ordinated G20 strategy to end Covid-19 threat
The International Monetary Fund called on the G20, which comprises the world’s 20 largest economies, to put into effect a...
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China’s GDP growth hits 1-year low
China's economy grew at the slowest pace in a year in the third quarter, hurt by power shortages, supply bottlenecks...
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Ratings agency cuts China growth forecast
Ratings agency Fitch on Thursday cut its growth forecast for China's economy this year citing a slowdown in the country's...
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In world first, bitcoin becomes legal tender in El Salvador
El Salvador on Tuesday became the first country to embrace bitcoin as legal tender, with consumer demand crashing its brand-new...
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Australian economy slowing in Q2
Australia's economy was likely already slowing before wide-scale coronavirus restrictions shuttered swathes of business and jobs, setting the stage for...
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Crisis pushes Afghanistan's economy closer to the brink
The Taliban sweeping to power in Afghanistan has thrust one of the world's poorest countries back into the limelight.GLUM GROWTH...
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Kamal thanks expatriate workers for sending remittance
Finance Minister AHM Mustafa Kamal wholeheartedly thanked the expatriate Bangladeshi workers who are paying a piovital role towards the development...
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Fiscal stimulus, vaccines likely fuelled US economic growth in Q2
The US economy likely gained steam in the second quarter, with the pace of growth probably the second fastest in...
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China's post-pandemic economic rebound loses steam
The Chinese economy's sharp rebound from the coronavirus pandemic has now slowed, official figures show.Gross domestic product (GDP) increased by...
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China’s economic recovery loses some steam
China's economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and...
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China's economy grows more slowly than expected in second quarter
China's economy grew more slowly than expected in the second quarter, as slowing manufacturing activity, higher raw material costs and...
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Sri Lanka economy in crisis as debt mounts, reserves dwindle
Sri Lanka has cut back on imports of farm chemicals, cars and even its staple spice turmeric as its foreign...
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Bangladesh Govt looks to provide light engineering a leg up
The federal government has taken an initiative to formulate policy to market and develop engineering industries, create jobs and expand...
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World Bank projects 5.1% GDP progress for Bangladesh in 2021-22
The World Lender has projected that Bangladesh's GDP growth will be 5.1 percent within the next 2021-22 fiscal year.The WB...
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Govt data in economy contradicts reality
Individual sector credit growth has been sluggish, capital machinery imports declined, and commercial production grew slower in the outgoing fiscal...