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Stories published on Jun 6
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  • Stories published on Jun 6

Thursday, Jun 6

23

Artificial intelligence use in economy leading to growing GDP in CIS

tass.com

"Provided that artificial intelligence technologies are rolled out proactively, GDP of CIS countries will go in total by $53.6 bln in 2030 in nominal value, which corresponds to 5.9% of total GDP of CIS nations in 2030," First Deputy CEO…

15

Russian GDP dynamics points to economy moving along projected trajectory — minister

tass.com

The economy is adjusting, continuing growth amid rather high interest rates, Maksim Reshetnikov noted

12

Nigeria Set To Get GDP Boost Of Almost $35bn For Checking Malaria – Report

newtelegraphng.com

New report calls on governments ahead of G7 meeting to accelerate malaria fight to save lives, unlock prosperity and bolster health security Some of the countries in Africa to benefit the most include Nigeria which would see a GDP boost of…

Wednesday, Jun 5

23

Study shows AI-driven cyberattacks can inflict damage on GDP and supply chains for the world's largest economies

phys.org

Cyberattacks driven by artificial intelligence (AI) pose unprecedented risks to global economies, supply chains, and trade. A new study in the journal Risk Analysis explores the cascading impacts of AI-driven cyberattacks.

19

Russia's GDP up by 4.4% yoy in April — Economic Development Ministry

tass.com

"The ministry estimates that in January-April 2024, GDP growth amounted to 5.1%," the review says

16

U.S. Business Travel Industry Responsible for 2% of U.S. GDP and 3.5% of Employment in Latest Full-Year Figures

The Global Business Travel Association (GBTA) today unveiled a new study, the “GBTA U.S. Economic Impact Study: Business Travel’s Impact on Jobs and the U.S. Economy,” which quantifies the significant economic impact of traveling for work…

15

AUD Shrugs as Australian GDP Misses Estimate

www.actionforex.com

After starting the week with sharp swings, the Australian dollar is showing little movement on Wednesday. AUD/USD is trading at 0.6644 in the European session, down 0.06% on the day. Australian GDP posts 0.1% growth Australia’s GDP was a…

14

Avocado GDP estimate reflects the relevance and growth of the product in Mexico

www.freshplaza.com

Avocado is one of Mexico's main consumption and export products. BBVA research estimates the GDP of avocado from 2018 to 2022 by the production method using a deterministic approximation and official sources. The results are consistent…

10

07

Thousands of new trade tariffs led by economic superpowers could wipe out up to 7% of global GDP, IMF says

www.cnbc.com

A tripling of global trade tariffs over the past year shows 'industrial policy willy-nilly everywhere,' and is a big risk to global growth, the IMF head says.

Continuous Exit Of Multinational Firms To Dampen Nigeria’s $1trn GDP Target

leadership.ng

The increasing number of multinational companies exiting their operations in Nigeria will lead to reduction in foreign investment inflows thereby affecting the country’s $1 trillion economy target by 2030. Analysts said that continuous…

05

Australia’s Q1 GDP rises 0.1% qoq, lowest annual growth since late 2020

www.actionforex.com

Australia’s GDP grew by 0.1% qoq in Q1, below the anticipated 0.2% growth. On a year-over-year basis, GDP increased by 1.1%. Katherine Keenan, head of national accounts at ABS, remarked that GDP growth was weak in March, marking the lowest…

04

GDP growth falls to just 0.1% as household cutbacks put handbrake on Australia’s economy

www.theguardian.com

Annual economic growth is down to 1.1%, lower than economists predicted, ABS GDP figures show

Tuesday, Jun 4

15

GDP growth in EAEU countries surpasses global rates, rises by 3.8% in 2023 — PM Mishustin

tass.com

Mikhail Mishustin noted that since the creation of the EAEU, the volume of mutual trade has almost doubled, agricultural production has increased by more than a quarter, and industrial production by more than 20%

13

SA GDP decreases by 0.1%

www.sanews.gov.za

The results of the Gross domestic product (GDP) by Statistics South Africa (Stats SA) show a decrease of 0.1% in the first quarter of 2024.

SA’s GDP slips as manufacturing, mining dither

www.timeslive.co.za

Statistics South Africa has announced South Africa’s GDP decreased by 0.1% in the first quarter of this year, with decreases in the manufacturing sector and the mining and quarrying industry.

11

Here are ten highest contributing sectors to Nigeria’s GDP in Q1

businessday.ng

Nigeria’s Gross Domestic Product (GDP) grew to 2.98 percent in real terms in the first quarter of 2024, data from

Monday, Jun 3

19

AfDB’s Adesina says GDP doesn’t reflect Africa’s true economic potential

Recommends broader approach to measuring economic success Onome Amuge Akinwumi Adesina, president of the African Development Bank (AfDB) has underlined the urgent need to align increased gross domestic product (GDP) growth with job…

17

US ISM manufacturing falls to 48.7, corresponds to 1.7% annualized GDP Growth

www.actionforex.com

US ISM Manufacturing PMI fell from 49.2 to 48.7 in May, below expectation of 49.8. Looking at some details, new orders fell from 49.1 to 45.4. Production fell from 51.3 to 50.2. Employment rose from 48.6 to 51.1. Prices fell from 60.9 to…