Tale of 2 megacities: how did Beijing and Shanghai’s GDPs surpass 5 trillion yuan?
As China’s two largest cities by economic output, Beijing and Shanghai are widely seen as barometers for the…
Germany trims this year’s growth forecast to 1% as its economy is slow to gather pace
BERLIN (AP) — The German government on Wednesday trimmed its 2026 forecast for the country’s economy, Europe’s biggest,…
South Korea’s Surprise Contraction Points to Broad Fragility
(Bloomberg) — South Korea’s economy shrank in the final quarter of 2025 due to a broad pullback in…
Manufacturing must be innovation-led, says Goyal; November exports recover after sharp October fall
New Delhi: Commerce and industry minister Piyush Goyal on Wednesday asserted that flexibility and technology would be the…
Australia Economic Growth Misses Forecasts, RBA Bets Whipsaw
Runners jog along the boardwalk past the Sydney Harbor Bridge. (Bloomberg) — Australia’s economy grew at a surprisingly…
Shanghai bets on manufacturing to buttress finance in two-pronged growth plan
Shanghai, mainland China’s top finance and trade hub, is set to double down on efforts to prevent the…
‘Poorer than it would have been’
Researchers at the University of Cambridge’s climaTRACES Lab found that global gross domestic product could shrink by up…
As China drafts its next 5-year plan, is GDP still the magic number?
For decades, the annual target for gross domestic product growth was the most critical policymaking benchmark across China.…
Boost household income to drive China’s economy in next 5 years, ex-official urges
China should make greater efforts to boost household income over the next five years as the world’s second-largest…
US economy expanded at surprising 3.8% pace in second quarter — what’s fuelling the growth spurt?
Increased consumer spending in the US has uplifted its economy as it expanded at a surprising 3.8% from…
Stocks Hold Gains on Signs Consumer in Good Shape: Markets Wrap
Wall Street traders gearing up for the Federal Reserve decision refrained from making big bets as they awaited…
India’s chief economic adviser says Trump’s tariffs could shave 0.5% off GDP, Bloomberg News reports
(Reuters) -U.S. President Donald Trump‘s 50% tariffs on India could reduce the country’s gross domestic product by half…