Economy

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Türkiye’s Economy Surges by 4% in 1Q23 Despite Earthquake’s Impact

News

In a pleasantly surprising turn of events, Türkiye’s economy witnessed a substantial growth of 4% during the first quarter of 2023, surpassing analysts’ expectations of a 3% expansion. The Turkish National Statistical Office recently disclosed these impressive figures, highlighting the nation’s resilience and potential for economic recovery. While the growth rate is indeed commendable, it …

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Canada’s Economy Flourishes, Surging by 3.1% in 1Q23

News

The Canadian economy experienced a robust growth spurt in the first quarter of 2023, expanding by an impressive 3.1%, as reported by the Canadian Bureau of Statistics. The driving forces behind this remarkable growth were international trade and household spending, signaling positive economic prospects for the country. The expansion in the Canadian economy during this …

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India’s Economy Surges by 6.1% in 1Q23, Exceeding Expectations

News

India’s economic growth displayed a remarkable surge in the first quarter of 2023, expanding by an impressive 6.1%, according to the latest report from the National Statistical Office. The significant growth was primarily propelled by a recovery in private investment and robust domestic consumption, underscoring the nation’s resilience and potential for economic revival. The growth …

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Finland’s Economy Contracts by 0.4% in the First Quarter of 2023

News

According to data released by the Finnish National Statistical Office, the Finnish economy experienced a contraction of 0.4% in the first quarter of 2023. This decline was primarily attributed to a contraction in investment and a decrease in exports. The decrease in investment had a significant impact on the overall economic performance during this period. …

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Thai Economy Surges in Q1, Welcoming 1 Million Chinese Tourists

News

The Thai economy showcased a stronger-than-anticipated performance in the first quarter, propelled by a significant recovery in the tourism sector. Adding to this positive trend, Thailand recorded the arrival of 1 million Chinese tourists between January and May 18, following the reopening of China’s borders. According to a spokesperson from the Prime Minister’s Office, the …

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Weekly Data Highlights: Global Economic Indicators to Watch from Asia, Europe, and the US

Markets, News

Asia: On Monday, Singapore will release its Producer Price Index (PPI) for April, providing insights into inflationary pressures within the country. Japan will report its unemployment rate for April on Tuesday, shedding light on the labor market situation. Wednesday will bring South Korea’s April industrial output and retail sales figures, offering a glimpse into the …

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Singapore Confident in Tourism Sector’s Recovery to Propel Economy, Averting Recession

News

The Singapore government is expressing confidence in the recovery of the tourism sector, which is expected to play a vital role in driving the country’s economy and preventing a recession this year, despite the sluggish global economic outlook. Officials have maintained their gross domestic product (GDP) growth forecast at 0.5-2.5 percent, stating that the economy …

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US GDP Growth Exceeds Expectations, Rises by 1.3% in Q1/2023

News

According to the latest report from the US Commerce Department, the gross domestic product (GDP) of the United States expanded by 1.3% in the first quarter of 2023. This figure surpassed analysts’ expectations, which had anticipated a growth rate of 1.1%. It also surpassed the initial estimate of 1.1%, signaling a stronger-than-expected economic performance. The …

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World Today: A Summary of the Latest News

Markets, News

In today’s news roundup, significant developments have taken place across the globe, covering a range of topics from cybersecurity concerns to geopolitical tensions and notable events in various industries. Firstly, Microsoft, the prominent US technology company, issued a warning about a Chinese-backed hacker group that has reportedly infiltrated critical communications infrastructure in the United States. …

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