Monday, 27 May 2019
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Tag Archives: GDP

Pakistan’s GDP to slow down to 2.7 percent in FY20: World Bank

NEW YORK: Pakistan’s GDP growth is projected to decelerate to 3.4 percent in the fiscal year FY19 from 5.8 percent a year before, and to 2.7 percent in FY20, as fiscal and monetary policies are tightened to address macroeconomic imbalances, the World Bank said in a report. Domestic demand is ...

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Lloyds bank 2018 profit jumps by more than a quarter

LONDON: Britain’s Lloyds Banking Group announced surging 2018 profits on Wednesday on lower mis-selling costs and the “resilient” UK economy – despite looming uncertainty over Brexit. Earnings after taxation, or net profit, soared 27 percent to £3.87 billion ($5.02 billion, 4.43 billion euros) last year, compared with £3.04 billion in ...

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Saudi crown prince signs $20 billion in agreements with Pakistan

ISLAMABAD: Pakistan and Saudi Arabia usher in a new era of bilateral relationship by signing investment deals worth more than $20 billion during visit of Saudi Crown Prince Mohammed bin Salman, who arrived in Islamabad on Sunday. The unprecedented Saudi investment is seen as a ‘game changer’ and major boost ...

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Prague could lose 0.5-1 GDP in case of no-deal Brexit: Czech Foreign Minister

PRAGUE: The possible exit of the United Kingdom from the European Union without an agreement may cost the c economy 0.5-1 percent of GDP, Czech Foreign Minister Tomas Petricek told reporters. “There are several possible scenarios. The most pessimistic options, of course, come from the ‘no-deal’ Brexit. Estimates indicate a weakening of the ...

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Italian economy enters technical recession

ROME: The Italian economy contracted 0.2 percent in the fourth quarter of 2018 quarter-on-quarter, and the country has entered a technical recession, with its economy reaching the lowest level over the past five years, the Italian National Institute of Statistics (Istat) revealed. Italy’s GDP has been falling for two quarters ...

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Pak-India trade can touch $37b mark: World Bank

KARACHI: The World Bank has noted in its report that trade between Pakistan and India could increase to $37 billion from existing only 2 billion dollars if the two South Asian countries ready to reap the benefits of shared land borders. South Asian countries are yet to reap the benefits ...

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PM Abbasi attends Commonwealth summit in UK

LONDON: Prime Minister Shahid Khaqan Abbasi will lead the Pakistani delegation to the 25th Commonwealth Heads of Government Meeting (CHOGM-2018) to be held in London from Wednesday to Friday (April 18 to 20). The main theme of the conference is “Towards A Common Future.” Pakistan is one of the founding ...

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Indonesia’s Q4 current account deficit at 2.2pc of GDP

JAKARTA: Indonesia’s current account deficit in the final quarter of 2017 expanded because of higher imports of goods related to production activities in the period, the central bank said on Friday. The current account deficit in the October-December period was $5.8 billion, or 2.2 percent of gross domestic product (GDP), ...

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UK GDP: Growth figures raise chances of rate rise

LONDON: The UK’s economy had higher than expected growth in the three months to September – increasing the chances of a rise in interest rates in November. Gross domestic product (GDP) for the quarter rose by 0.4%, compared with 0.3% in each of 2017’s first two quarters, according to latest ...

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Spanish economy posts best quarterly growth since 2014

MADRID: Spain’s robust three-year economic recovery picked up momentum in the second quarter, notching up its best growth performance since 2014. GDP in the eurozone’s fourth largest economy expanded by 0.9 per cent in the three months to June, up from 0.8 per cent at the start of the year, ...

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