Economy : Page 5

Norway's economy projected to grow 0.8 pct in 2024

March 12, 2024 Norway\'s economy is expected to grow by 0.8 percent in 2024 and reach 2.1 percent in 2025, Finance Minister Trygve Slagsvold Vedum said in a statement on Monday.

Georgia state February net tax revenues fall 4.3%; adjusted YTD down 3.1%

March 12, 2024 The State of Georgia’s net tax collections in February totaled more than $2.03 billion, for a decrease of $92.3 million or 4.3 percent compared to FY 2023, when net tax collections totaled $2.12 billion for the month.

S&P downgrades Ukraine's rating to "CC" with negative outlook

March 11, 2024 The S&P Global Ratings international rating agency has downgraded the long-term sovereign foreign currency credit rating of Ukraine from \"CCC\" to \"CC,\" with a negative outlook, Ukrainian media reported, citing the S&P report.

Hungarian-American bilateral trade set new record in 2023

March 11, 2024 The foreign minister noted that the United States is Hungary’s biggest export market outside the European Union.

Japan revises Q4 economy to 0.4-pct growth

March 11, 2024 The Japanese government on Monday revised its gross domestic product (GDP) to an annualized 0.4 percent growth in the last quarter of 2023, reversing its preliminary reading of recession.

New York recovers 100% of jobs lost during pandemic

March 8, 2024 New York State Department of Labor data said a total statewide private-sector job count was 8,346,200 jobs, the highest level on record.

ifo Institute cuts growth forecast for Germany to 0.2%

March 7, 2024 The ifo Institute has reduced its growth forecast for the current year to 0.2%, down from 0.7% in January and 0.9% in December.

Slight decrease in animal production expected in EU in 2024

March 7, 2024 In the second semester of 2024, the gross indigenous production (GIP) of bovine animals produced in the EU is projected to reach 12.1 million head.

Egypt central bank lifts interest rates by 600 bps in surprise move

March 6, 2024 Egypt\'s central bank decided to raise its interest rate by 600 basis points and to allow the currency exchange rate to be determined by market forces at an emergency meeting on Wednesday, citing high inflation.

Germany's foreign trade posts surplus of almost $30b in January

March 6, 2024 Germany\'s foreign trade balance posted a surplus of $29.87 billion in January, the federal statistical authority announced on Wednesday.

South Africa's GDP up 0.6 pct in 2023

March 6, 2024 South Africa\'s economy remained muted, with its real gross domestic product (GDP) growing 0.6 percent in 2023 after expanding 1.9 percent in 2022, official data showed Tuesday.

Italy's Q4 2023 GDP records growth

March 6, 2024 Italy\'s gross domestic product (GDP) increased by 0.2 percent in the fourth quarter (Q4) of 2023 over the previous quarter, and by 0.6 percent year-on-year, the National Institute of Statistics (ISTAT) said.