economic expansion News

China's Manufacturing Sector Shows Promising Growth in March, Surpassing Expectations

China's manufacturing sector experienced growth in March, with the PMI rising to 50.5, indicating expansion. The non-manufacturing PMI also showed positive trends at 50.8, suggesti...

India's Economic Miracle: How GDP Skyrocketed from $2.1T to $4.2T in a Decade

India's GDP has doubled from $2.1 trillion to $4.2 trillion in just 10 years, marking a significant milestone in its journey to becoming the world's third-largest economy. Despite ...

India's Economic Boom: GDP Skyrockets to $4.2 Trillion in a Decade, IMF Reports

India's GDP has doubled to $4.2 trillion over the past decade, with a robust growth rate of 6.5% and controlled inflation. The IMF reports improving living standards but notes fisc...

March Marks a Significant Expansion in Australian Private Sector Output

The Australian private sector experienced a significant expansion in output during March, signaling a positive turn for the economy amidst global uncertainties. Detailed analysis a...

Italy's Economy Surges Ahead: A 0.7% GDP Growth in 2024 Sparks Optimism

Italy's GDP grew by 0.7% in 2024, driven by national demand, consumption expenditure, and external trade. Key sectors like capital formation and exports showed positive trends, ind...

RBI Forecasts: Credit Growth Potential to Surpass Economic Expansion

The RBI reports that India's bank credit has the potential to grow faster than the economy, supported by a low credit-to-GDP ratio. With a 2022 ratio of 90.1%, below global average...

Federal Reserve Cuts Key Interest Rate by 25 Basis Points Amid Economic Uncertainty

The Federal Reserve cuts the federal funds rate by 25 basis points to 4.25%-4.50%, citing economic expansion and progress towards inflation targets, while acknowledging employment ...

ECB's Schnabel Warns Against Overreacting in Monetary Policy

ECB Executive Board member Isabel Schnabel stresses the importance of a cautious approach to monetary policy, arguing against overreacting despite nearing neutral interest rates an...