GDP News
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Taiwan Defence Spending to Outpace GDP Growth as China Threat Rises
Taiwan's defence spending will rise 7.7 per cent next year, outpacing expected economic growth, the cabinet said on Thursday (Aug...
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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...