Trends - gdp - Business Recorder

Business & Finance

Spain's October current account surplus falls to 1.29bn euros

That compared to a deficit of 300 million euros in September, according to the central bank

Published 30 Dec, 2020 02:42pm

Markets

China revises 2019 GDP growth lower to 6.0%

The pre-revision 2019 GDP growth rate was 6.1%

Published 30 Dec, 2020 10:46am

World

Spain ruling coalition divided over four-day work week

The governor of the Bank of Spain, Pablo Hernandez de Cos, has warned the measures "need a very rigorous analysis".

Published 27 Dec, 2020 10:22am

Markets

Mexican peso, stocks climb after upbeat data

The currency of the world's largest copper producer Chile hit a fresh 14-month high after prices of the metal pushed back towards their multi-year highs.

Published 24 Dec, 2020 03:00am

Markets

China central bank to cool credit growth in 2021, avoid premature policy tightening

"It's possible to shift from stabilising leverage to reducing leverage if the recovery reaches a certain stage, but we should not rush," said Jia Kang, head of the China Academy of New Supply-side Economics.

Published 23 Dec, 2020 10:43am

Business & Finance

Australia retail sales surge by a record in Nov

NAB's Strickland noted that news on the virus has been encouraging with community transmission cases falling to eight on Tuesday from 15 on Monday and 30 the day before.

Published 22 Dec, 2020 09:54am

World

South Korea reports record daily coronavirus deaths, raids

Seoul city is considering going further than the national rules to ban gatherings of more than five people, starting the day before the Christmas holiday, Yonhap news agency reported.

Published 21 Dec, 2020 09:50am

Pakistan

Minister for mobilizing youth to exploit agriculture entrepreneurship opportunities

The minister also asked for focusing on innovations and modernization of agriculture sector in order to enhance agro-base through value addition of agriculture products that have brighter scope for talented young boys and girls.

Published 18 Dec, 2020 07:13pm

World

Biden says he is not concerned about accusations against son Hunter

Biden said in an interview on "The Late Show with Stephen Colbert."

Published 18 Dec, 2020 11:00am

Business & Finance

Mexico forecasts fall in public sector debt to 52.6% of GDP next year

Mexico expects public sector debt to fall to 52.6% of GDP in 2021 from 53.5% this year.

Published 18 Dec, 2020 10:55am

Markets

Japan raises GDP outlook for FY2021 on lift from stimulus package

Consumer prices remain subdued due to weak domestic demand and the government' discount travel campaign to support the tourism industry.

Published 18 Dec, 2020 10:41am

Markets

Australia, NZ dollars set to extend winning streak to 7th week

The Aussie stood at $0.7616 having climbed 1.1% for the week to touch $0.7639. That was the highest since June 2018 when it topped at $0.7677, the next major chart target.

Published 18 Dec, 2020 09:52am

Markets

Taiwan raises growth forecast, leaves benchmark rate unchanged

The central bank kept the benchmark discount rate at a record low of 1.125pc, as expected by all 16 economists in a Reuters poll.

Published 17 Dec, 2020 06:26pm

Markets

Philippine central bank seen holding rates steady after surprise cut

The government now expects the economy to contract by 8.5%-9.5% for the year, worse than the previous forecast of a 5.5% decline.

Published 17 Dec, 2020 10:33am

Business & Finance

Aramco may have to sell assets, borrow more to maintain Saudi dividend

Aramco, the world’s largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of the group.

Published 16 Dec, 2020 09:06pm

Business & Finance

World Bank expects Russian economic growth in 2021 but warns over banks

This could happen if "the meaningful rollout of an approved vaccine is delayed by about three quarters and is limited by a general reluctance to be immunized."

Published 16 Dec, 2020 05:07pm

Markets

Australian shares jump most in over two weeks on US stimulus hopes

"If the coal issue with China is resolved early in the new year, it would relax the market in relation to other commodities that are exported to China," Smoling added.

Published 16 Dec, 2020 12:06pm

Markets

Philippine central bank seen holding rates steady after surprise cut

Accordingly, many economists see further monetary easing next year, given the relatively weak fiscal support from the government to pull the economy out of its first recession in nearly three decades.

Published 16 Dec, 2020 12:00pm

Business & Finance

Asian countries, Switzerland at risk in US Treasury's currency report

Win Thin, global head of currency strategy at BBH in New York downplayed the report as "totally politicized" under Trump.

Published 16 Dec, 2020 11:55am

Markets

Australia, NZ dollars hold near peaks as commodities shine

That deficit is being funded by the biggest government borrowing program in Australian history, but so far demand for the debt has been more than ample.

Published 16 Dec, 2020 08:37am

Markets

Indian shares end flat as investors book profits after sharp rally

The blue-chip NSE Nifty 50 index ended 0.07pc higher at 13,567.85 and the benchmark S&P BSE Sensex closed 0.02pc higher at 46,263.17.

Published 15 Dec, 2020 03:59pm

Markets

Major Gulf markets little changed; Dubai ends winning streak

UAE's non-oil gross domestic product (GDP) is expected to grow by 3.6% in 2021, state news agency WAM reported on Saturday citing central bank estimates, suggesting the economy will rebound from an expected contraction in 2020.

Published 13 Dec, 2020 08:54pm

World

Tunisian parliament approves $19 billion budget for 2021

Tunisia's public finances are in a dire situation, with the government now forecasting a budget deficit of 11.4% of GDP in 2020, the highest in nearly four decades.

Published 10 Dec, 2020 12:50pm

Markets

South Africa's rand weakens ahead of GDP data

At 0615 GMT, the rand traded at 15.1675 versus the dollar, 0.18% weaker than its previous close.

Published 08 Dec, 2020 12:37pm

Business & Finance

Japan's Q3 GDP revised up to annualised 22.9% growth

The revised figure for gross domestic product (GDP) compared with economists' median forecast for 21.5% growth in a Reuters poll.

Published 08 Dec, 2020 10:12am

Business & Finance

Finland's economy makes surprise Q3 recovery

Businesses and schools have remained open and there are few restrictions on movement within the country's borders.

Published 27 Nov, 2020 08:00pm

Business & Finance

India GDP slumps 7.5%, worst among major economies

New Delhi has struggled to kick-start an economy that is expected to shrink 9.5 percent this year, according to estimates released by India's central bank governor Shaktikanta Das last month.

Published 27 Nov, 2020 07:59pm

Business & Finance

Pakistan's Tax-to-GDP Ratio Falls Amidst the Pandemic

Pakistan's tax revenue to GDP ratio falls in 1QFY21, despite a 6.9% increase in the total tax revenue collection by the provinces.

Updated 05 Nov, 2020 04:07pm