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Discover Latest #Economic Growth News, Articles and Videos with Contenting
Growth of the world economy slowed in the second quarter of 2020, according to the World Bank, as the COVID-19 pandemic continues to disrupt businesses and economies around the world. Governments and central banks have responded with unprecedented measures to support the global economy, including interest rate cuts, liquidity injections, and emergency stimulus packages. As countries begin to reopen their economies, investors, economists, and policymakers are looking for signs of economic growth, both in the short and long term. Here you can find the latest news and analysis about global economic growth.
UK Average Earnings Index Shows Promising Growth in November 2024 - ForexTV
The United Kingdom's Average Earnings Index, reflecting wage growth including bonuses, has shown a noticeable increase in November 2024. According to the latest data update on January 21, 2025, the index climbed to 5.6%, up from the previous figure of 5.2% recorded in October 2024.This growth indicator is a vital focal point for economists monitoring the country's economic health, as rises in wages can signal tightening labor markets and increased consumer confidence. The increase signifies a positive trend in earnings, suggesting that workers are experiencing better remuneration which could translate into higher disposable income and potentially boost consumer spending.With the increase in wages outpacing previous months, economic analysts will be keenly watching upcoming data releases to assess whether this trend will continue and how it might impact broader economic conditions such as inflation, employment rates, and overall economic growth in the UK.The material has been provided by InstaForex Company - www.instaforex.com
Economists split on Singapore monetary policy amid Trump 2.0 uncertainties
Economists are split on whether Singapore's central bank will loosen monetary policy this week or leave its settings unchanged to wait to see what policies U.S. President Donald Trump introduces in his second term. Reuters polled 12 analysts and six expect the Monetary Authority of Singapore to loosen its currency-based monetary policy at a scheduled review on Friday to reflect an easing in inflation and stronger-than-expected economic growth in 2024. It last eased policy in March 2020 as Singapore braced for a recession as COVID-19 was spreading worldwide.
Philippine CEOs confident in economic growth in the next 12 months — survey - BusinessWorld Online
MOST chief executive officers (CEO) based in the Philippines are optimistic about economic growth prospects despite worries over a shortage of skilled workers and technological disruption, a survey showed. In the PwC 28th Global CEO Survey, 78% of Filipino CEO respondents said they expect domestic economic growth to improve in the next 12 months. On […]
Malaysia Holds Steady with Interest Rates at 3.00% - ForexTV
In a move reflecting stability in monetary policy, Malaysia's central bank has decided to keep the national interest rate unchanged at 3.00%. This decision was announced on January 22, 2025, confirming that the financial authorities aim to maintain the status quo amidst prevailing economic conditions.Market analysts observe that the steady interest rate is indicative of Malaysia's commitment to fostering a stable economic environment. By choosing not to adjust interest rates, the central bank may be suggesting confidence in current inflation figures and economic growth projections. This consistency could be seen as an effort to balance the economic scales while anticipating potential future developments in the global financial landscape.As the world continues to navigate through economic uncertainties, Malaysia's decision to maintain its interest rates might also signal a strategic approach to encourage sustained borrowing and investment, supporting broader economic goals without triggering unwelcome market distortions. Observers will continue to monitor how this approach impacts both domestic and international economic ties in the near future.The material has been provided by InstaForex Company - www.instaforex.com
UK Public Sector Net Cash Requirement Climbs to £19.876 Billion in December - ForexTV
The latest financial statistics indicate a significant rise in the UK's Public Sector Net Cash Requirement (PSNCR) for December 2024, reaching £19.876 billion. This marks a noticeable increase from the previous month of November 2024, when the PSNCR settled at £12.983 billion, highlighting growing fiscal pressures.This upward shift suggests increased government borrowing needs, possibly driven by heightened public spending or subdued revenue collections during this period. The updated figures were released as of January 22, 2025, providing fresh insights for economists and policymakers assessing fiscal health and planning the upcoming budget.The substantial rise in PSNCR could have several implications, sparking discussions on fiscal policy adjustments and the long-term sustainability of public finances. Analysts will be closely monitoring these trends as they evaluate the impact on economic growth and debt management strategies moving forward.The material has been provided by InstaForex Company - www.instaforex.com
Budget 2025 Expectations Live: Focus On Renewable Energy Sector; Economic Growth Supportive Measures
The government will likely opt for both fiscal consolidation and growth supportive measures in the upcoming Union Budget 2025-2026, Nomura said. This budget will come at a time when consumption is weak, rupee is depreciating, and threats of higher tariff from the US under Donald Trump's second administration persist.
Deepak Shenoy Calls For Excise Duty Cut On Fuel — Check How Taxes Contribute To Costs At The Pump
In a post on social media platform X on Thursday, ace investor Deepak Shenoy emphasised the need for the government to cut excise duties on fuel, stating that it would have a broad-based positive impact on the economy. According to Shenoy, a reduction in taxes would lead to lower fuel prices, which in turn would reduce inflation, increase consumer spending, and promote economic growth.
UK to review visa system to entice top AI and science talent, says Reeves
Rachel Reeves unveils plans to reform the UK’s visa regime, targeting AI and life sciences talent to spur economic growth. Amid rising sponsor licence fees and tight compliance rules, experts warn UK businesses need assurances to attract overseas specialists.