Tag Economy

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Hong Kong’s GDP shrinks for the third time in a row

The Hong Kong government reported that the economy contracted by 4.5% year-on-year in the third quarter of 2022. This is the third quarter in a row, as trade figures remained weak. According to the report, third-quarter GDP figures were below…

buildings

Swedish economy expanded in Q3/22 despite inflationary pressure

Statistics Sweden has published preliminary data showing that the Swedish economy grew in the third quarter of 2022 despite pressure from inflation concerns and the Ukraine war. Swedish gross domestic product (GDP) grew by 0.7% quarter-on-quarter and by 2.6% year-on-year.…

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Ukrainian economy expected to contract by almost 32% this year

Ukraine’s Central Bank said Thursday (Oct. 27) that the Ukrainian economy will shrink by nearly 32% this year and inflation will reach 30%, largely due to the damage caused by Russia’s invasion. According to the report, Ukraine’s gross domestic product…

berlin hauptbahnhof

German business climate index down slightly in October

The German Institute for Economic Research (Ifo) reported that its business climate index fell to 84.3 in October from 84.4 in September. Meanwhile, the economic expectations index rose to 75.6 from 75.3 in September, the first increase since May. The…

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This will be important this week

Asia On Monday, Indonesia will publish the consumer confidence index for September. On Tuesday, Westpac releases the Australian consumer confidence index for October, Japan releases the current account balance for August, the National Australia Bank (NAB) releases the Australian business…

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