The Reserve Bank of India (RBI) on Monday stated that India recorded a current account surplus of USD 5.7 billion, equivalent to 0.6 per cent of Gross Domestic Product (GDP), for the March quarter. This marks...
Nigeria, Africa’s most populous nation and one of its largest economies faces mounting challenges related to its growing public debt. As recorded by the Debt Management Office (DMO), Nigeria’s total public debt surged to N121.67 trillion…
Get latest articles and stories on India at LatestLY. S&P Global Ratings on Monday retained India's GDP growth forecast for the current financial year at 6.8 per cent and said high interest rates and lower fiscal spur would temper demand.
Moody's Ratings has projected a significant increase in Nigeria's interest spending, estimating a rise of 1% of the Gross Domestic Product (GDP) in 2024.
Get latest articles and stories on Business at LatestLY. The report pointed out that historically, India's infrastructure competitiveness has been hindered by poor infrastructure. However, recent enhancements and government initiatives,…
Get latest articles and stories on World at LatestLY. Data for Q1 2024 indicated that Dubai sustained its role as a top international tourism hub. The emirate's hotel occupancy rates stood at 83 per cent, equal to the previous year's…
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…