economic growth News

Boosting Wages to Two-Thirds of Singapore's Pay Could Lure Malaysian Talent Back Home

Malaysia proposes raising wages to two-thirds of Singapore's levels to address the brain drain of skilled workers. Initiatives include a minimum wage hike and investments in educat...

ECB President Lagarde Open to Significant Rate Cuts Amid Economic Uncertainty

ECB President Christine Lagarde discusses the possibility of significant rate cuts, emphasizing data-driven decisions and the impact of energy prices on future policies. She also t...

Bank of Israel Predicts Early 2025 CPI Surge Amid Economic Challenges

Bank of Israel Governor Amir Yaron forecasts a CPI rise in early 2025 due to higher demand and tax changes, with current inflation at 3.2%. Despite challenges, he expects economic ...

Lloyds CEO Predicts Triple Rate Cuts by Bank of England in 2025 Amid Slow Growth

Lloyds Banking Group CEO Charlie Nunn predicts the Bank of England will cut interest rates three times in 2025 to stimulate UK economic growth, citing the country's resilience and ...

Eurozone Construction Sector Sees a 1.2% Growth in November, Signaling Economic Resilience

The Eurozone's construction sector showed a 1.2% increase in November 2024, with the EU also recording a 1.3% rise. Specialized construction activities led the growth, signaling ec...

India Shines as a Beacon for Private Investments Amid Global Challenges: CII Survey Insights

A CII survey highlights India's conducive economic environment for private investments, with promising employment and investment trends. Early results show 97% of firms likely to i...

FICCI Advocates for Sustained Investment and Reform Momentum in Budget 2025

FICCI urges the Union Budget 2025 to focus on investments and reforms for economic growth, proposing a 15% increase in capex for FY26 and suggesting next-generation reforms in fact...

Bold Reforms Essential for Reviving German Economic Growth, Says Bundesbank President

Deutsche Bundesbank President Joachim Nagel calls for structural reforms to revive the German economy, highlighting a period of weakness and the need for confidence-building econom...

China's Industrial Sector Surges: December Production Jumps by 6.2%

China's industrial production witnessed a 6.2% increase in December, outperforming expectations and the previous month's growth, as per the National Bureau of Statistics. This grow...

India Poised to Remain the World's Fastest-Growing Major Economy, Says World Bank

The World Bank forecasts India's economy to grow at 6.5% this year, maintaining its position as the fastest-growing major economy. Despite global challenges, steady expansion in se...

US Business Inventories See Slight Uptick in November, Reflecting Steady Economic Growth

US business inventories saw a 0.1% increase in November, reaching $2.59 trillion, with a 2.6% annual rise. Sales and shipments also grew, indicating steady economic growth and effi...

European Auto Leaders Advocate for a Comprehensive Trade Deal with the United States

The European Automobile Manufacturers' Association urges the EU to negotiate a trade agreement with the US to prevent potential tensions and foster economic growth, amidst concerns...

Bank of Korea Holds Interest Rates Steady at 3% Amid High Exchange Rate Concerns

The Bank of Korea has decided to keep the base rate unchanged at 3% due to concerns over a high exchange rate. Governor Rhee Chang-yong discussed the impacts of a strong U.S. dolla...

Moody's Predicts India's Fiscal Challenges Will Impact Credit Strength by 2025

Moody's Ratings forecasts that India's fiscal conditions will limit its credit strength by 2025, despite potential economic benefits from US-China tensions. The report also discuss...

Rachel Reeves Urges Further Action to Alleviate Cost of Living Pressures Amid Inflation Dip

British Chancellor Rachel Reeves calls for more efforts to help families with the cost of living after a slight drop in inflation to 2.5% in December, with economic growth remainin...

India's Workforce to See Significant Salary Hikes and Expansion in 2025, Report Predicts

In 2025, Indian employees can expect significant salary hikes and workforce expansion, driven by economic growth and demand for skilled talent. Sectors like automotive, manufacturi...

India's Historical Leap Towards Becoming a Developed Nation by 2047: Insights from ITC Chief Sanjiv Puri

ITC Chairman Sanjiv Puri highlights India's transformative reforms and strong macro fundamentals as key drivers towards becoming a developed nation by 2047. With a focus on global ...

The Rising Cost of Living in Vietnam: A Shock for Overseas Vietnamese Returning Home

Overseas Vietnamese are returning to a Vietnam transformed by economic growth, facing shockingly high costs of living. From dining out to everyday groceries, the price increases ch...

France's Economic Outlook: ECB's Villeroy Asserts No Recession in Sight

ECB's Francois Villeroy de Galhau reassures that France is not heading towards a recession despite economic slowdown. With predictions of growth acceleration in 2026 and 2027 and s...

Goldman Sachs Predicts Slower Govt Capex Growth and Continued Fiscal Consolidation in FY26

Goldman Sachs forecasts a slowdown in government capex growth and continued fiscal consolidation in FY26, with a focus on welfare spending and economic stability ahead of the Union...

India's Strategic Infrastructure Investments Set to Fuel Economic Growth Through FY 2026

The Union government's infrastructure investments in railways, defence, power, and data centres are expected to drive India's economic growth into FY 2026 and beyond, with the upco...

CII Unveils Ambitious 10-Point Plan to Revolutionize Ease of Doing Business in India by 2025

The Confederation of Indian Industry (CII) has proposed a 10-point roadmap to enhance the ease of doing business in India, focusing on regulatory simplification, transparency, and ...

SBI Chairman Advocates for Enhanced Spot Trades and Market Transparency

SBI chairman C S Setty calls for expanding listed companies, promoting spot transactions, and enhancing market transparency to support India's economic growth and achieve net-zero ...

China Launches $11 Billion Consumer Trade-In Initiative to Boost Economic Growth in 2025

China introduces an $11 billion consumer trade-in scheme in 2025 to boost economic growth, focusing on home appliances and electronics. The initiative aims to revive household spen...

Indonesia Aims to Deploy 425,000 Workers Overseas by 2025 to Boost Economy

Indonesia plans to deploy 425,000 workers overseas by 2025 to boost economic growth by 0.52%. Strategies include improving language skills and providing training to enhance competi...

Fed's Barkin Optimistic: US Economy Set for Continued Growth into 2025

Federal Reserve Bank of Richmond President Thomas Barkin expresses optimism about the US economy's resilience and growth prospects into 2025, highlighting lower consumer debt level...

Germany's Industrial Surge: A 1.5% Rise in November Signals Economic Resilience

Germany's industrial production rose by 1.5% in November, with significant growth in the energy and transport equipment sectors. Despite a year-on-year decline, the increase signal...

Unlocking Growth: Malaysia's New Tax Incentives in the Johor-Singapore Special Economic Zone

Malaysia introduces tax incentives for the Johor-Singapore Special Economic Zone, offering a 5% tax rate for new investments in key sectors and a 15% income tax rate for skilled wo...

2025 Budget Preview: Major Tax Reforms and Exemptions on the Horizon

The 2025 Union Budget is poised to introduce significant tax reforms and exemptions, aiming to simplify the tax system, reduce litigation, and stimulate economic growth. EY India's...

Thai Real Estate Sector Calls for Government Stimulus to Revive Market Growth

Seven major Thai real-estate associations propose stimulus measures to the government and BOT to rejuvenate the stagnant property market, facing economic challenges and low consume...

Indonesia Launches $4.4 Billion Free Meal Initiative to Combat Child Malnutrition and Boost Economy

Indonesia's $4.4 billion free meal program, aimed at combating child malnutrition and stimulating economic growth, has quietly launched. Targeting 82.9 million beneficiaries by 202...

Unexpected Growth: Swiss Retail Sales See a 0.3% Rise in November

Switzerland's retail sales saw a 0.3% increase in November, with adjusted figures showing a 0.8% rise year-over-year, below analysts' expectations. The sector's performance indicat...