Browsing: GDP

The euro zone economy stalled in Q4, posting zero growth, missing forecasts. The ECB responded with a rate cut as inflation concerns persist despite weak GDP data.

The EU spent €381.4 billion on R&D in 2023, up 6.7% from 2022, maintaining an R&D intensity of 2.2%, with the business sector leading investment at 66% of total funding.

The UAE’s non-oil economy is forecast to grow 4.7% in 2024, driven by tourism, real estate, and infrastructure projects, alongside robust foreign investments and diversification efforts.

Belgium has delayed submitting its budget plans to the EU, citing the need for more time due to ongoing government formation talks.

ADB projects India’s 7% economic growth for FY2024, driven by robust investment and strong services sector.

Israeli economy reels as GDP shrinks by 20% amid ongoing Gaza war, high-tech sector particularly affected by extensive military mobilization.

Japan’s economy slips to fourth place as recession hits, with Germany overtaking amid global economic shifts.

Moody’s warns of Asia’s 2024 sovereign credit risks as China’s economic growth slows amidst geopolitical concerns.

Based on the World Bank’s projections as of 2024, Lebanon’s economic situation remains deeply concerning and “high uncertain.”

In 2023, Germany’s economy saw a 0.3% decline, its first since the Covid-19 outbreak, amid various national challenges, per Destatis data.