grossdomesticproduct
European shares were fairly downbeat on Monday morning, following French stocks being particularly downcast due to the French government cutting the country's economic growth for 2024. France's gross domestic product (GDP) outlook was slashed from 1.4% to 1% for the year, due to the ongoing damage caused by the Russia-Ukraine war as well as reduced trade with China and Germany. The CAC 40 index dropped 0.43% to 7,734.6, whereas the Stoxx 600 index was mostly flat at 491.6. Conversely, the FTSE 100 index was up 0.41% to 7,724.8. Banking stocks shine, IT and steel stocks amongst stragglersCredit...
Euronews (English)
Taiwan's Minister of Economic Affairs Wang Mei-Hua envisions this achievement as a means to propel Taiwan's GDP to rival other Asian industry giants.
KOMPAS.com \- Taiwan stands as the global epicenter of the semiconductor industry, with its unparalleled professional collaboration and a comprehensive supply chain contributing to a projected cumulative value that is set to reach an astounding 4.88 trillion New Taiwan Dollars (NTD) by 2022. Taiwan's Minister of Economic Affairs, Wang Mei-Hua, envisions this achievement as a means to propel Taiwan's Gross Domestic Product (GDP) to rival other Asian industry giants such as Japan and Korea. "This will position Taiwan as the first country in East Asia to excel in terms of national income, alongsi...
Go Kompas.com
The growth was propelled by high export prices and the lifting of travel restrictions.
JAKARTA, KOMPAS.com \- Indonesia's economic growth accelerated to a nine-year high in 2022 despite global uncertainty and a final-quarter slowdown, official data showed Monday, Feb. 6, owing to soaring commodity prices and easing Covid-19 curbs. Indonesia was badly affected by the coronavirus pandemic, with its exports and the tourism-reliant economy taking a massive hit in 2020 as gross domestic product (GDP) shrunk by 2.07 percent – its first recession since the 1997 Asian financial crisis. But Southeast Asia's largest economy has bounced back since then, posting economic growth last year of...
Go Kompas.com
The government will strive to strengthen the integrity, accountability, and credibility of various economic institutions in 2023.
JAKARTA, KOMPAS.com \- The significantly positive performance of Indonesia’s stock market in 2022 will be a good capital for facing any challenging economic and financial conditions in 2023, Finance Minister Sri Mulyani Indrawati said. "We hope that (the stock trade in) 2022, which was closed in a very resilient condition, will be good preparation for facing the (situation in) 2023," she said at the inaugural Indonesia Stock Exchange trading session for 2023 in Jakarta, Monday, Jan. 2. There will be many tough challenges throughout 2023, including mitigating the impacts of global inflation, pr...
Go Kompas.com
By Mohammed Kudrati India's gross domestic product (GDP) grew 13.5% in the first quarter (April to June) of the ongoing fiscal year (FY23) over the same period last year, data released by the National Statistics Office of the Ministry of Statistics and Programme Implementation shows. The quarterly estimates of the Indian economy saw it being valued at ₹36.85 lakh crores, compared to ₹32.46 lakh crores in the same quarter last year in constant prices (which adjusts for inflation). The numbers missed a growth estimate of 15.2%, according to a poll conducted by Reuters. However, a double-digit gr...
BOOM Live
By Mohammed Kudrati Jagat Prakash Nadda, the President of the Bharatiya Janata Party (BJP) has misleadingly claimed that India's per capita gross domestic product (GDP) has nearly doubled from ₹79,000 to ₹1.5 lakh. He has given no other details alongside this claim. BOOM referred to data from the Reserve Bank of India to find that these numbers have been cherrypicked by him. While India has far exceeded the ₹1.5 lakh mark as claimed by Nadda only in the last financial year, it is GDP in nominal prices. Since this metric is measured in the prices of the ongoing financial year, it is not a stand...
BOOM Live
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