Japan's economy managed to dodge a technical recession, as per revised government data released on Monday. The revised Gross Domestic Product (GDP) figures for the October-December period indicated an expansion, although weaker than anticipated, sparking concerns over the slow economic recovery.

Japan's economy evades recession, but concerns persist over weak recovery

Women represent half of India's electorate. Their vote can make-or-break the fortunes of political parties. No wonder, women are key vote bank for them. Today, we look at how the political class is wooing women with welfare schemes.

Greater economic participation of women essential for India's growth

China has set the 2024 growth target for the economy at around 5%, which is not an easy task, Premier Li Qiang said on Tuesday (March 5).

China's annual Parliament meet: China sets 5% GDP growth target for 2024

The Indian economy grew 8.4% during the October-December quarter beating the estimates by the RBI and the Dalal Street. The RBI had pegged the growth for this quarter at 6.5%. Also, in a big move to reduce India’s dependency on imports to the requirement of semi-conductors, the government has approved setting up of 3 chip manufacturing units in the country.

India grows at 8.4% in October-December quarter

India’s Gross Domestic Product (GDP) grew 8.4 per cent in the third quarter (October-December quarter), according to the data released by the National Statistical Office (NSO) on Thursday (Feb 29) marking the fastest pace with which the economy grew in one-and-half years, beating all estimates.

India's GDP grew 8.4% in Q3; economy expected to grow 7.6% this year

American chipmaker NVIDIA is now worth more than every country's GDP in the world except 11. Its market valuation has surpassed the likes of Russia, South Korea and Australia.

Gravitas | Nvidia worth more than the GDP of Russia

France's economic trajectory has taken a downward turn. Finance Minister Bruno Le Maire announced a revised growth forecast for 2024, slashing it from 1.4% to 1% due to multiple factors.

France lowers 2024 GDP growth forecast amid global uncertainty

Pakistan's debt crisis is looming high as the latest IMF package will be running out in a month. The elections that were held last week in the South Asian nation gave a grey picture of the political stability aspect. One of the biggest challenges of the newcomer government will be settling the debt crisis which has blown out of proportion. Watch in for more details!

Pakistan: Economic headache for new government

Despite the political theatrics that have been unfolding in Pakistan, we focus on the severe financial setbacks plaguing the economy. Watch in for more details!

Pakistan among worst-hit economies post pandemic

2023 was a comeback year for the world's wealthiest. The Bloomberg billionaires index states the collective net worth of the 500 richest increased by $1.5 trillion in 2023. to put that into context: the gains in 2023 is about half the GDP of UK, the world's sixth largest economy.

2023 marks $1.5 trillion in gains for the world's wealthiest

The International Monetary Fund (IMF) has issued a cautionary note, warning that India's general government debt could surpass 100 per cent of the gross domestic product (GDP) in the medium term, the Business Standard reported.

IMF sounds alarm on India's rising debt, warns of exceeding 100pc of GDP 

The International Monetary Fund (IMF) has lauded India's stellar economic performance, projecting the nation to contribute more than 16 per cent to global growth, thanks to robust growth fuelled by key reforms in digitisation and infrastructure.

India contributes over 16% to global growth, IMF report reveals strong economic performance

South Africa's government turns to the business community to boost economic growth. The country aims to boost GDP by as much as six percentage points by fixing the country's collapsing ports and freight-rail network.

South Africa's plans to fire up economy | World Business Watch

JP-Morgan predicts a boost to the dollar from a polarising presidential race between Joe Biden and Donald Trump, which is likely lead to a trade war. They say that renewed tariff risk will have a positive impact on dollar. A 10% tariff on all goods might increase the value of the dollar by 4–6%.

Analysts: US trade tariffs to benefit the dollar

US Consumer confidence rose for the first time in four months in November, as optimism about the job situation rose. Following a downwardly revised 99.1 in October, the conference board's index rose to 102 this month. Consumers' short-term income and hiring prospects rose, raising the prospect for better sentiment. As inflation falls, consumers are receiving a break from years of price rises.

Decoding state of US Economy

Defying dire warnings of a recession, the US Economy grew almost 5% in the July to September quarter, as higher wages gave a much-needed boost to consumer spending and demand. At a 4.9%, this was the fastest pace of GDP growth in nearly two years. In fact, the US GDP expanded at a pace well above what fed officials regard as the non-inflationary growth rate of 1.8%. The economy was also helped by a rebound in residential investment after 9 straight months of decline, and a rise in government spending.

US economy: Blockbuster Q3 numbers

S&P Global Market Intelligence announced on Monday that India’s growth prediction for FY24 was raised upward to 6.6 per cent on the strength of strong growth in the April-June quarter, according to a report by The Economic Times.

 S&P Global raises India’s FY24 growth projection to 6.6 pc amid inflation worries

The six new members of the five-member BRICS grouping of emerging economies would have a combined GDP share of barely 11 per cent as of January, with Saudi Arabia contributing the most at 4 per cent, according to an analysis.

BRICS’s six new members to have GDP share of just 11 pc: Report

On the Indian economic front, India's gross domestic product has in fact grown at a very impressive 7.8 per cent for the April to June quarter.

India's growth story gets a boost: GDP grew at 7.4%

India’s economy expanded at its quickest rate in a year in the April-June quarter, data is expected to indicate on Thursday. Meanwhile, economists foresee a slowdown.

India’s economy is expected to expand at its fastest rate in a year: Estimates

In the grand global population race, India has emerged as the frontrunner, boasting a colossal population of 1,428 million people, just edging past China's 1,425 million.

Data Lab | Are China's women turbocharging its economy? Can India catch up?

The Indian hotel industry is expected to directly contribute $ 1 trillion to the country’s GDP by 2047, attributed to an increase in domestic tourism and international arrivals, a report said.

Hotel industry projected to contribute $1 trillion to India’s GDP by 2047: Report 

The Indian economy is expected to grow by an average annual rate of 6.7 per cent to March 2031, according to a forecast by S&P Global on Thursday. Despite short-term challenges from rate hikes and a global slowdown, growth led by manufacturing and service exports and consumer demand has been projected.

India projected to grow at an annual rate of 6.7% through 2031: S&P Global

Amid the global economic gloom, the euro zone has begun to grow again as inflation continues to cool down. Latest data shows that euro zone's gross domestic product rose by 0.3% between April and June, compared with the January to march quarter, when the economy had stagnated. Moreover, the GDP had fallen by 0.1% in the last three months of 2022. Euro zone's inflation continued to fall in July. The Consumer Price Index (CPI) for the euro zone fell to 5.3%, down from 5.5% in June.

Euro zone grows 0.3% in April-June quarter | World Business Watch

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