The Bank of South Korea (BOK) revealed that the South Korean economy expanded by 0.6% in the third quarter of 2023, aligning precisely with previous projections. This upturn was propelled by a resurgence in both the export sector and domestic demand. Notably, real Gross Domestic Product (GDP), a pivotal metric of economic advancement, marked a …
The Director of the Fiscal Policy Office (FPO) unveiled a positive trajectory for the Thai economy in October 2023, citing robust support from expanding merchandise exports, ongoing growth in the tourism sector driven by both foreign tourists and local visitors, and a continued downtrend in the inflation rate. The Thai economy received a notable boost …
Thai Economy Bolstered by Exports and Tourism in October; Inflation Shows Decline Read More »
The Israeli Central Bank’s recent report has unveiled the staggering economic toll inflicted by the war with Hamas, projecting damages amounting to 198 billion shekels or approximately 53 billion US dollars. More than half of this financial burden is attributed to military spending. This revised estimate surpasses the earlier prediction of 180 billion shekels projected …
Hamas Conflict Incurs Estimated $53 Billion Economic Toll on Israeli Economy Read More »
Official data released by Malaysia’s central bank unveils a modest expansion of 3.3% in the country’s economy during the third quarter of 2023 (July-September), a period marked by sluggish growth primarily attributed to stagnant exports. While this growth figure falls within the realm of weak expansion experienced by the Malaysian economy, it surpassed economists’ projections …
Malaysia’s Economy Grows by 3.3% in Q3/23, Stifled by Stagnant Exports Read More »
The Philippine economy demonstrated remarkable resilience in the third quarter of 2023, surpassing expectations and positioning itself as a frontrunner for economic growth in Southeast Asia this year. According to the Philippine National Statistics Office, the country’s gross domestic product (GDP) expanded by an impressive 5.9% year-on-year during the third quarter of 2023. This growth …
Philippine GDP Surpasses Expectations, Set to Lead Southeast Asia in Growth Read More »
In a recent report, JPMorgan’s Analyst Team, led by Nikolai Alexandru-Chidezik, has projected a significant 11% contraction in the Israeli economy for the fourth quarter of 2023, primarily due to the escalating conflict between Israel and Hamas. This grim outlook follows the recent intensification of hostilities in the region, with both sides engaging in military …
JPMorgan Expects Israeli Economy to Shrink by 11% in Q4/23 Due to Hamas Conflict Read More »
In a significant economic revelation, the U.S. Department of Commerce has unveiled its initial estimate of the gross domestic product (GDP) for the third quarter of 2023. The report underscores the robust performance of the U.S. economy, which exhibited remarkable growth at 4.9% during the quarter. This exceeded analysts’ projections of 4.7%, following prior expansions …
U.S. Economy Surpasses Expectations with 4.9% GDP Growth in Q3/23 Read More »
In a strategic move to invigorate its economy, China has issued government bonds worth 1 trillion yuan (equivalent to US$137 billion). The announcement was made by Chinese state media on October 24, reporting that the Standing Committee of the National People’s Congress (NPC) had given the green light for this substantial bond issuance while also …
China Issues 1 Trillion Yuan in Government Bonds to Boost Economy Read More »
Prime Minister and Minister of Finance, Mr. Settha Thavisin, embarked on a diplomatic visit to the Republic of Singapore, where he paid a courtesy call on President Tharman Shanmugaratnam and engaged in bilateral discussions with Prime Minister Lee Hsien Loong. During their meetings, the leaders of Thailand and Singapore discussed the reinforcement of collaboration across …
In a promising turn of events, the British economy rebounded with expansion in August, propelled by a return to normalcy in business operations after facing disruptions in July. The service sector, in particular, played a pivotal role in this economic resurgence, according to data from the UK’s Office for National Statistics (ONS). The ONS reported …
British Economy Resumes Growth in August Following July Disruptions Read More »