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GDP Growth & Recession Forecasts

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India poised for 7 percent growth in FY25 amid global uncertainties
India is projected to achieve a 7% growth in FY25, driven by a strong Rabi crop and robust domestic demand, according to Jyoti Prakash Gadia, Managing Director at Resurgent India. However, he notes potential moderation in growth in the following years. The timing of interest rate cuts will depend on inflation trends and global conditions, with the RBI remaining cautious.
Moneycontrol
Resurgent India Ltd. IND Jyoti Gadia
Finance & Economy, Market Report
02:28 22.11.2024
Japan's stimulus package expected to generate 250 billion dollars impact
Japan's Prime Minister Shigeru Ishiba announced that the forthcoming stimulus package is expected to have an overall impact of ¥39 trillion ($250 billion), which includes private sector spending. He emphasized the urgent need to raise wages across all generations, highlighting its importance for the present and future.
bloomberg.com
United States Dollar Japanese Yen Apple Inc. JPN Shigeru Ishiba
Finance & Economy, News Article
02:05 22.11.2024
UK consumer confidence rises as budget uncertainty diminishes
UK consumer confidence unexpectedly rose in November, with a key sentiment gauge increasing three points to minus 18. This shift reflects growing optimism among households regarding their personal finances and the overall economic outlook, following the new Labour government's budget announcement. Economists had anticipated a slight decline.
bloomberg.com
British Pound Sterling GfK GBR
Finance & Economy, Market Report
01:01 22.11.2024
revitalizing orchard road singapore plans for redevelopment and new attractions
The Far East Shopping Center on Orchard Road, once vibrant, now struggles with high vacancy rates and low foot traffic, reflecting a broader trend among older malls in the area. Redevelopment plans are underway, driven by financial incentives from the Urban Redevelopment Authority, aiming to revitalize the Tanglin section with mixed-use developments and enhanced pedestrian experiences. Significant investments are anticipated, as the area seeks to adapt to evolving consumer preferences and improve connectivity to key attractions.
CNBC
Singapore Dollar Hotel Properties Ltd (HPL) PLP Architecture Ltd. CDL Hospitality Trusts City Developments Ltd (CDL) Savills Pacific Eagle Real Estate SGP Richard Goh Sukanto Tanoto Du Shuanghua Jeremy Lake Ong Beng Seng Tina Qiu Show more
Finance & Economy, News Article
00:02 22.11.2024
enegal president faye's party secures landslide victory in parliamentary elections
Senegal's President Bassirou Diomaye Faye has secured a decisive victory in parliamentary elections, with his Pastef party winning 130 of 165 seats in the National Assembly, a significant increase from 29 seats. This landslide victory positions Faye to implement a reform agenda aimed at stabilizing the economy and creating jobs.
Bloomberg.com
Pastef SEN Bassirou Diomaye Faye
Finance & Economy, News Article
19:08 21.11.2024
ubs predicts continued market growth with s and p 500 reaching 7000
UBS predicts the continuation of the 'Roaring 20s' with the S&P 500 potentially rising to 7,000 next year. This optimistic outlook suggests a strong performance in the stock market, reflecting confidence in economic growth.
CNBC
UBS USA
Finance & Economy, Market Report
18:11 21.11.2024
China's Economic Transformation from Revolution to Reform in the 1970s
China's transformation from a planned communist economy to a dynamic capitalist powerhouse is explored in "The Great Transformation: China’s Road from Revolution to Reform" by historians Odd Arne Westad and Chen Jian. Key factors include the era of reform under Deng Xiaoping, the impact of the Cultural Revolution, and the emergence of early entrepreneurs, all set against a backdrop of complex political dynamics and external pressures. The book delves into how these elements shaped China's economic landscape and its ongoing reforms.
bloomberg.com
Coca-Cola Consolidated, Inc. CHN Odd Arne Westad Chen Jianbin
Finance & Economy, Transcript
17:39 21.11.2024
brazil prepares for cop30 in belem focusing on legacy and participation
The urgency of climate action is underscored as nations navigate commitments under the Paris Accord, with concerns about the credibility of carbon markets and the need for substantial climate finance for developing countries. The disparity in financial support for low and middle-income nations remains a critical issue, as the required funding far exceeds current proposals. The upcoming COP 30 in Brazil will be pivotal in addressing these challenges and reinforcing global climate consensus.
Bloomberg.com
Petróleo Brasileiro S.A. - Petrobras AZE BRA
Finance & Economy, Transcript
16:06 21.11.2024
us existing home sales increase in october as mortgage rates decline
Sales of previously owned US homes increased by 3.4% in October, marking the largest rise since February, as buyers capitalized on a drop in mortgage rates. The annualized rate reached 3.96 million, aligning with economists' expectations, following a period of weak sales not seen since late 2010.
Bloomberg.com
United States Dollar National Association of Realtors USA
Finance & Economy, Market Report
16:00 21.11.2024
wealthy nations urged to commit one trillion dollars for climate financing
With less than 48 hours remaining at the Baku summit, pressure is mounting on wealthy nations to commit at least $1 trillion in climate financing to support poorer countries in addressing the impacts of global warming. The draft text released by the summit presidency lacks a specific funding target, leaving a placeholder instead of a concrete figure. This new collective quantified goal (NCQG) aims to replace the previous $100 billion annual commitment from developed nations under the 2015 Paris climate pact, highlighting the urgent need for increased financial support for developing countries post-2025.
Moneycontrol
United States Dollar Reuters AZE
Finance & Economy, News Article
15:26 21.11.2024
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