Browsing: gdp

The Russian economy is growing at a faster pace than projected, with GDP expected to soar 3.9% this year, Finance Minister Anton Siluanov announced on Friday.

RIYADH: Saudi Arabia’s seasonally adjusted real gross domestic product grew by 1.4 percent in the second quarter of 2024, compared to the previous three months, driven by non-oil activities, official data showed.  

On July 26, the Board of Directors of the Bank of Russia decided to raise the key interest rate for the first time since December 2023 from 16% to 18% per annum

RIYADH: Saudi Arabia’s real gross domestic product grew by 1.4 percent in the first quarter of this year compared to the previous quarter, official data showed. 

Mikhail Mishustin noted that since the creation of the EAEU, the volume of mutual trade has almost doubled, agricultural production has increased by more than a quarter, and industrial production by more than 20%

Russia’s finance ministry has raised its estimate of this year’s budget deficit to 2.12 trillion roubles ($23.76 billion) or 1.1% of gross domestic product, according to budget amendments submitted by the government to parliament.

Mikhail Mishustin noted that wages are growing steadily, unemployment is decreasing and “good results” are being noted in terms of improving the business environment in the countries of the association

Canada’s economy saw slower than expected 1.7 percent growth in the first quarter, government data showed Friday, adding to expectations of a central bank cut in interest rates.

ABU DHABI: Abdullah bin Touq Al Marri, Minister of Economy, said that preliminary data for the UAE’s 2023 GDP showcases positive growth trends across various indicators, including key sectors crucial to the national economy, as outlined by the Federal Competitiveness and Statistics Centre.

RIYADH: Bahrain’s commitment to fiscal consolidation has witnessed S&P Global Ratings reaffirm its “B+/B” credit standing with a stable outlook despite challenges in 2023.