Browsing: economic growth

GABORONE: Botswana is facing renewed pressure on its diamond-driven economy after S&P Global Ratings lowered the country’s long-term sovereign rating to BBB- from BBB and its short-term rating to A-3 from A-2, while keeping a negative outlook. The cut leaves

SEOUL: South Korea’s economy expanded 1.0% in 2025, its slowest annual growth since 2020, as weakening investment offset gains in exports and household spending, central bank data showed. The Bank of Korea said real gross domestic product fell 0.2% in

TOKYO: Japan’s economy expanded at an annualized rate of 0.2% in the October to December 2025 quarter, government data showed on Monday, marking a return to growth after a contraction in the prior quarter. On a quarter on quarter basis,

TOKYO, November 17, 2025: Japan’s economy contracted for the first time in six quarters, as weaker exports and a slowdown in residential investment weighed on overall growth. Government data released on Monday showed that gross domestic product shrank by an

SEOUL, 23 October 2025: The Bank of Korea (BOK) kept its benchmark interest rate unchanged at 2.50 percent on Thursday, maintaining a cautious stance amid persistent concerns over housing prices, a weakening national currency, and moderate inflation pressures. The decision

India and the United Kingdom have finalized a significant bilateral trade agreement, described by the UK government as the most substantial trade deal since its departure from the European Union. Announced Tuesday, the deal marks a strategic deepening of commercial

European automakers have urged the European Union and United States to resolve escalating trade tensions swiftly, citing growing risks to jobs, industrial investment, and transatlantic economic cooperation. The call follows heightened concerns within the automotive industry over the potential fallout

The World Bank Group hosted the second Global Digital Summit in Washington, D.C., bringing together leaders from the public and private sectors to accelerate digital transformation and bridge the global digital divide. The event underscored the urgency of expanding access

India’s economy grew at a rate of 6.2% in the third quarter of the financial year 2024-25, up from 5.6% in the previous quarter, according to data released by the National Statistical Office (NSO). The latest figures indicate an upward

The World Bank has reaffirmed its confidence in India’s economic potential, emphasizing that the country remains a key investment destination despite minor fluctuations in its growth trajectory. Speaking at the Advantage Assam 2.0 Business Summit, World Bank Country Director Auguste