Economy : Page 42

Abu Dhabi's non-oil economy reached $39.75 billion

June 29, 2023 Abu Dhabi’s Q1 non-oil Gross Domestic Product (GDP) (at constant prices) reached AED146 billion ($39.75 billion) making 52.8% of the emirate’s total GDP AED276.6 billion.

Vietnam's GDP grows 3.72 pct in H1

June 29, 2023 Vietnam recorded a modest year-on-year GDP growth of 3.72 percent in the first half of this year, the second lowest in the same period in 2011-2023, the country\'s General Statistics Office announced.

Finnish think tank predicts two decades of sluggish economic growth

June 28, 2023 The Finnish economy is projected to grow at an annual rate of 1.1 percent over the next 20 years, according to a review published by the business think tank ETLA Economic Research on Tuesday.

Laos' GDP grows 4.8 pct in H1 amid stable economic growth

June 27, 2023 Laos\' gross domestic product (GDP) expanded 4.8 percent year-on-year in the first half of 2023 to about 118 trillion Lao kip (about 6 billion U.S. dollars) as production and service sectors have enjoyed continued growth following the eased COVID-19 pandemic.

Brazilian analysts upgrade GDP's growth forecasts

June 27, 2023 Brazilian financial analysts raised their projected GDP expansion in 2023 from 2.14 to 2.18 percent, the seventh consecutive weekly upgrade, and upped the 2024 forecast from 1.20 to 1.22 percent, the Central Bank of Brazil said Monday.

Oman's non-oil GDP set for 3.5% growth in 2023

June 23, 2023 Oman\'s non-oil GDP is set for a 3.5% growth this year, with positive momentum in a range of sectors set to underpin the rapid expansion; the biggest being tourism, with the sector bouncing back from the pandemic with a record 2.9 million visitors, according to leading UAE bank Emirates NBD in its review.

UAE economy will see 4.3% growth in 2024, says Central Bank

June 23, 2023 The Central Bank of the UAE has maintained its growth forecast for the national economy unchanged at 4.3% for 2024.

German recession will be sharper than expected

June 22, 2023 The German economy will contract more than previously expected this year as sticky inflation takes its toll on private consumption, the Ifo Institute said on Wednesday while presenting its forecasts.

UK core inflation highest since 1992, debt exceeds 100% of GDP for first time since 1961

June 21, 2023 UK consumer price inflation came in higher than expected in May, while core inflation hit a 31-year high, according to figures released on Wednesday by the Office for National Statistics.

South Korea's export rises 5.3 pct for first 20 days of June

June 21, 2023 South Korea\'s export rose 5.3 percent from a year earlier to 32.89 billion U.S. dollars for the first 20 days of June, customs office data showed Wednesday.

Alabama May unemployment rate record low 2.2%

June 20, 2023 Governor Kay Ivey announced that Alabama’s preliminary, seasonally adjusted May unemployment rate is 2.2%, unchanged from April’s rate and remains a record low, and below May 2022’s rate of 2.5%.

Mississippi’s unemployment rate hits new record low for third consecutive month

June 20, 2023 Mississippi’s unemployment rate reached a new record low in May 2023.