The Ifo Institute upgraded its growth forecasts for German economy, indicating that it is “slowly working its way out of the crisis.” GDP is now expected to grow by 0.4% in 2024, up from March forecast of 0.2%. Growth is projected to…
NZDUSD rises temporarily after slight GDP growth surprise Bulls remain capped below 20-SMA; key support at 0.6085-0.6095 Early Thursday data revealed that the New Zealand economy experienced slightly faster growth than anticipated in Q1.…
New Zealand’s GDP grew by 0.2% qoq in Q1, surpassing the expected 0.1% growth and pulling the economy out of a technical recession following consecutive declines in the last half of 2023. On an annual basis, GDP growth was also 0.2% yoy.…
The New Zealand economy grew by 0.2% in the March quarter, beating our forecast of a modest decline. However, the details don’t change our view of the underlying strength of activity. Key results Quarterly change: +0.2% (last: -0.1%,…
The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6138, down 0.10% in the European session at the time of writing. US markets are closed for a holiday. New Zealand will release first-quarter GDP early on Thursday. Is New…
The Federal Government has said arts, culture and the creative economy will increase the country’s gross domestic product by over $100 billion by 2030. The Minister of Culture, Art and Creative Economy, Hannatu Musa-Musawa, stated this on…
The Ghana Statistical Service (GSS) has reported that the country's Gross Domestic Product (GDP) increased by 4.7% in the first quarter of 2024, a significant rise from the 1.2% growth in the fourth quarter of 2023.
The Federal Government has said arts, culture and the creative economy will increase the country’s gross domestic product by over $100 billion by 2030. The Minister of Culture, Art and Creative Economy, Hannatu Musa-Musawa, stated this on…
The NZDUSD pair rose nearly a quarter of a percent to the 0.6110s after the US Dollar weakened following disappointing US Retail Sales data for April and May. The lower-than-expected retail sales growth in May and downward revisions for…
More than 20 Nato members will meet the alliance's target of allocating at least 2% of GDP to defence this year, Nato secretary-general Jens Stoltenberg said on Monday.
New Delhi: Global rating agency Fitch on Tuesday raised India’s GDP growth forecast for FY25 to 7.2 per cent, from 7 per cent. The rating agency said in its report that recovery in consumer spending and increasing investment trends are the…
President Biden on Monday welcomed as good news the announcement that 23 countries in the 32-member NATO alliance are on track to spend two percent of their GDP on military defense this year, an important benchmark established in 2014. “We…
A disturbing unverified report from a leading foreign professional services firm revealed a damning state of fragility of Nigeria’s key sectors of the economy, showing a staggering output loss, estimated at N95 trillion from 2020 to first…
Femi Olayebi is the founder of Lagos Leather Fair (LLF), a platform that showcases, celebrates and promotes talents and craftsmanship within the Nigerian leather industry.
Main contributors to GDP growth in the first quarter of this year were wholesale and retail trade (+11.4%), processing facilities (+9%), construction (+4.8%), and hotels and restaurants (+4.6%)