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Stories published on May 29
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  • Stories published on May 29

Wednesday, May 29

22

Fed Beige Book Shows Modest Economic Expansion Ahead Of Key GDP, Inflation Data Release

www.benzinga.com

The Fed's latest Beige Book shows modest economic expansion, with slight job gains and moderate wage growth. Prices remain stable.

19

Gabon’s GDP per capita is nine times that of Nigeria

businessday.ng

As of May 29, 2024, Gabon’s GDP per capita stands at $9,310, dwarfing Nigeria’s $1,110 by more than nine times.

Top 5 sectors contribute 62.25% to Nigeria's GDP

www.pulse.ng

The Agricultural sector contributed 21.07% to the GDP in Q1, 2024.

17

Fact check: Ministers have plans to spend 2.5% of GDP on defence by 2030

www.expressandstar.com

If GDP forecasts are correct, that would mean spending £87.1 billion a year on defence.

Fact check: Ministers have plans to spend 2.5% of GDP on defence by 2030

www.shropshirestar.com

If GDP forecasts are correct, that would mean spending £87.1 billion a year on defence.

Fact check: Ministers have plans to spend 2.5% of GDP on defence by 2030

www.standard.co.uk

If GDP forecasts are correct, that would mean spending £87.1 billion a year on defence.

What productivity boom? AI will provide just a 1% GDP boost over the next decade, MIT economist says.

The forecast for minimal growth is a far cry from the likes of Goldman Sachs, which sees $7 trillion of GDP expansion being driven by AI.

16

Cathie Wood: El Salvador's Bitcoin And AI Push Could Grow Its GDP 10X In 5 Years

www.benzinga.com

ARK Invest CEO Cathie Wood said El Salvador’s economy could grow dramatically if it continues to embrace Bitcoin (CRYPTO: BTC) and artificial intelligence (AI) under President Nayib Bukele‘s leadership.

15

World News | IMF Revises China's GDP to 5% This Year; Growth May Decelerate to 3.3 Per Cent by 2029, Gita Gopinath

www.latestly.com

Get latest articles and stories on World at LatestLY. The IMF on Wednesday projected China's economic growth at 5 per cent, up from its earlier forecast of 4.6 per cent, but cautioned it of a slowdown to contract to 3.3 per cent by 2029…

14

10 African countries struggling with Low GDP per Capita

businessday.ng

Among Africa’s 54 countries, many contend with notably low GDP per capita, reflecting pervasive poverty and underdevelopment despite the continent’s

08

El Salvador’s Bitcoin, AI plans could boost GDP tenfold by 2029: Cathie Wood

cointelegraph.com

The ARK Invest CEO praised the Central American country for being an “oasis” for Bitcoin and AI adoption.

07

05

IMF upgrades China’s 2024, 2025 GDP growth forecasts after ‘strong’ Q1

www.malaymail.com

BEIJING, May 29 — China’s economy is set to grow 5 per cent this year, after a “strong” first quarter, the International...

Tuesday, May 28

18

Russian GDP growth in Q1 above expectations — Central Bank

tass.com

"Quarterly growth of GDP evolved higher than in the fourth quarter of 2023," analysts said

16

Business News | Projected Recovery in Global Economy Will Boost India's Growth; FY24 GDP Likely to Reach 8 Pc: SBI Research

www.latestly.com

Get latest articles and stories on Business at LatestLY. Despite the challenges faced by the global economy, including geopolitical tensions and extreme weather events, global growth remains resilient, supported by easing inflationary…

15

Nigeria’s GDP falls farther from Tinubu’s $1 trillion economy dream on weak naira, low growth

nairametrics.com

Rocking his agbada on a Monday, October 23, 2023, at the 29th Nigeria Economic Summit in Abuja, the President of Nigeria, Bola Tinubu, told business leaders and Nigerians that Nigeria’s economy can grow to $1 trillion by 2026.

11

Q1’24: Oil Sector’s Contribution To GDP Crashes To 5.7%

newtelegraphng.com

The Gross Domestic Product (GDP) of Nigeria’s oil sector crashed to 5.7 per cent in the first quarter of 2024 from 12.1 per cent recorded in the previous quarter. This is contained in the latest data released by the National Bureau of…

05

Goldman Sachs ups India’s GDP growth forecast

www.siasat.com

New Delhi: Leading global financial firm Goldman Sachs has revised its forecast for India’s GDP growth by 10 basis points to 6.7 per cent as it expects the government’s heavy investments in big-ticket infrastructure projects to continue…

Monday, May 27

21