Israeli economy reels as GDP shrinks by 20% amid Gaza war
Israel's gross domestic product (GDP) took a significant hit, contracting by nearly 20% in the fourth quarter of 2023, according to official figures released recently....
Tag : Economy
Japan slips to fourth-largest economy as recession hits
Japan, a former economic powerhouse, has been displaced from its longstanding position as the world's third-largest economy by Germany. This significant shift in global economic...
Geopolitical pressures hamper China’s quest for self-sufficiency
Chinese authorities are taking measures to boost bank lending and equity markets. However, it seems unlikely that these actions will reverse negative investor sentiment significantly....
JPMorgan favors India over China in 2024 market strategy
JPMorgan, a leading investment bank, has earmarked India as its primary focus in Asia and a global market favorite, as stated by the bank's Asian...
Germany’s recessionary trends and the euro area’s future
Germany, Europe's economic powerhouse, experienced a contraction in its economy for the first time since the Covid-19 pandemic began. The Federal Statistical Office of Germany...
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...