government spending News

India's Fiscal Deficit Nears 85.8% of Revised Estimate by February, Signaling Tight Fiscal Control

India's fiscal deficit reached 85.8% of the revised estimate by February, showing improvement over the previous year due to controlled spending. Analysts remain optimistic about me...

US Economy Shows Resilience: GDP Growth Revised Upward to 2.4% in Q4 2024

The US GDP growth for Q4 2024 was revised up to 2.4%, driven by consumer and government spending despite investment declines. Annual growth held at 2.8%, with sectors showing varie...

US Economy Shows Resilience: GDP Growth Revised Upward to 2.4% in Q4 2024

The US GDP growth for Q4 2024 was revised upward to 2.4%, driven by consumer and government spending despite a drop in investment. Real GDI and corporate profits saw significant in...

US Economy Shows Resilience: GDP Growth Revised Upward to 2.4% in Q4 2024

The US GDP growth for Q4 2024 was revised upward to 2.4%, driven by consumer and government spending despite a decline in investment. Real GDI surged by 4.5%, and corporate profits...

Moody's Predicts India's Economic Growth to Surpass 6.5% in FY26

Moody's forecasts India's GDP growth to exceed 6.5% in FY26, driven by government spending, tax cuts, and monetary easing. After a mid-2024 slowdown, growth is expected to reaccele...

India's Economy Poised for Significant Growth in Q4FY25, Thanks to Government Spending and Capex Surge

India's economy is expected to see significant growth in Q4FY25, driven by increased government spending, capital expenditure, and a surge in consumption. The RBI's supportive meas...

India's Economy Bounces Back: Q3 GDP Growth Hits 6.2%, Eyes 6.5% for 2024-25

India's GDP growth rebounds to 6.2% in Q3, with a forecast of 6.5% for 2024-25. Recovery driven by government and consumer spending, exports, and a robust farm sector, despite glob...

Economic Rebound Alert: December Quarter Growth Soars to 6.2-6.4%, Signaling Recovery

India's economy rebounds in the December quarter with growth estimated at 6.2-6.4%, driven by increased government spending and improvements in key sectors. Factors include a surge...

Government Aims to Meet Fiscal Deficit Target Through Strategic Spending Cuts

The Indian government plans to meet its fiscal deficit target of 4.9% of GDP by reducing spending, despite a slight decrease in nominal GDP estimates. Strategic spending cuts and c...

India's Economic Growth to Slow Down to 6.4% in 2024-25, HDFC Securities Predicts

HDFC Securities predicts India's GDP growth to slow to 6.4% in 2024-25 due to urban demand slowdown and insufficient private capex revival. The firm highlights rural demand and gov...

Trump Urges Congress to Abolish or Extend Debt Ceiling to Secure Spending Deal

President-elect Donald Trump calls on Congress to abolish or extend the debt ceiling until 2029 to secure a government spending agreement, amidst House's failure to pass a new fund...

Thai Industrial Sentiment Reaches 8-Month High: Tourism and Exports Driving Growth

Thai industrial sentiment index reached an 8-month high in November, driven by stronger exports and tourism. The Federation of Thai Industries cites year-end orders and government ...

ADB Cuts India's GDP Growth Forecast: What's Behind the Downgrade?

The ADB has lowered India's GDP growth forecast to 6.5% from 7% due to slower-than-expected second quarter growth, affected by manufacturing slowdown and lagging government spendin...