Israeli economy reels as GDP shrinks by 20% amid Gaza war
Israeli economy reels as GDP shrinks by 20% amid ongoing Gaza war, high-tech sector particularly affected by extensive military mobilization....
Tag : Economy
Japan slips to fourth-largest economy as recession hits
Japan's economy slips to fourth place as recession hits, with Germany overtaking amid global economic shifts....
Geopolitical pressures hamper China’s quest for self-sufficiency
Geopolitical pressures challenge China's pursuit of self-sufficiency, shaping its economic strategies in an evolving global landscape....
JPMorgan favors India over China in 2024 market strategy
JPMorgan names India as its key Asian market in 2024, due to the global "China plus one" manufacturing strategy, benefiting India's economy....
Germany’s recessionary trends and the euro area’s future
In 2023, Germany's economy saw a 0.3% decline, its first since the Covid-19 outbreak, amid various national challenges, per Destatis data....
Inflation cools rapidly, paving the way for economic confidence in 2024
As the year 2023 drew to a close, many had anticipated it would be marked by economic turmoil and recession fears. However, it defied expectations...
UAE and Malaysian foreign ministers discuss enhanced cooperation
Sheikh Abdullah bin Zayed Al Nahyan, UAE’s Minister of Foreign Affairs, engaged in productive discussions with his Malaysian counterpart, Zambry Abdul Kadir, during his official...
Vietnam shoemaker PouYuen to lay off 6,000 workers amid plummeting demand
One of Vietnam’s leading shoe manufacturers, catering to brands like Nike Inc and Adidas AG, announced plans to lay off thousands of employees due to...
Pakistan’s economy suffers major setback as IMF denies $6 billion loan
The International Monetary Fund (IMF) has dealt another blow to Pakistan’s economy by rejecting the country’s claim of fulfilling the conditions necessary to secure a...
Clean energy transition to help Indonesia to diversify its economy – IEA
A recently released IEA report says Indonesia has a realistic opportunity to achieve the goal of net zero emissions by 2060. This will result in...