gross domestic product

Oman’s Fiscal Turnaround, A Deep Dive into the 2023 Debt Reduction and 2024 Budgetary Plans

In a noteworthy fiscal turnaround, Oman's public debt has seen a substantial reduction, dropping to 35% of the GDP in…

2 years ago

China’s Industrial Output and Retail Sales Surge, Boosting Recovery Hopes

China's economic outlook shows improvement as industrial output and retail sales beat expectations in October. Industrial output accelerated to 4.6%,…

2 years ago

Philippines Navigates Pension Reform to Safeguard Investment Grade Rating

The Philippines is confronting a pressing challenge as it contemplates reforming its military and uniformed personnel (MUP) pension system to…

2 years ago

Oman’s Tourism Boom, A Catalyst for Economic Growth and Foreign Exploration

Oman's tourism sector experienced a remarkable resurgence in 2022, with a 47.3% increase in income, soaring to RO1.9 billion. Domestic…

2 years ago

Bank of England Set to Tackle Inflationary Pressures with Potential Interest Rate Hike

The Bank of England's potential interest rate hike reflects its commitment to tackling inflationary challenges and ensuring economic stability. As…

2 years ago

Philippine Economy Leads Amidst Southeast Asian Growth Challenges

The Philippines is a shining example of resilience amidst challenging regional economic conditions. The ADB's positive growth forecast for the…

2 years ago

Ukraine economy could grow by 15.5% in 2023 after deep fall – minister

Ukraine's economy should stabilise over the coming year and expand by as much as 15.5% in 2023, depending on military…

3 years ago

‘Recession is in the air’: German economy stagnates in 2nd quarter

The German economy stagnated in the second quarter, data showed on Friday, with the war in Ukraine, the pandemic and…

3 years ago

China plans real estate fund worth up to $44 billion for distressed sector, source says

China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest…

3 years ago

Poland to buy jets, tanks and howitzers from South Korea, says minister

Poland will buy 48 FA-50 fighter jets, a first instalment of 180 K2 Black Panther tanks and howitzers from South…

3 years ago