0133 GMT August 10, 2022
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Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia’s military operation in Ukraine, but the economy still managed better-than-expected, if meager, growth in the second quarter.
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An Iranian deputy minister has underscored that the Islamic Republic is prepared to expand economic exchanges with Nicaragua in particular in railway, cement, and steel industries.
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Rahman Ghahremanpour
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Sri Lanka’s debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity, its prime minister told lawmakers Wednesday, in comments underscoring the country’s dire situation as it seeks help from international lenders.
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Iranian Deputy Foreign Minister for Economic Affairs Mehdi Safari during a visit to India held meetings with the South Asian country’s high-ranking economic officials, discussing obstacles and challenges in their economic cooperation.
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Figures by the Statistical Center of Iran (SCI) show the country’s economy grew by 4.3% in the year to late March.
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China’s economy showed signs of recovery in May after slumping in the prior month, as industrial production rose unexpectedly. But consumption was still weak, underlining the challenge for policymakers amid the persistent drag from strict COVID curbs.
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Iranian economy is projected to grow by 3.7 percent in 2022 while the average global economic growth is seen at 2.9 percent in the current year, according to the World Bank’s Global Economic Prospects (GEP) report.
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Climate change could see 4% of global annual economic output lost by 2050 and hit many poorer parts of the world disproportionately hard, a new study of 135 countries has estimated.
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Britain's economy is losing steam as households face a tightening cost-of-living squeeze, according to data which showed sliding retail sales and consumer confidence approaching all-time lows.
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Iran’s campaign to bypass US-led sanctions is moving into higher gear as more countries, especially in Asia and Latin America, soften up to barter trade with the Islamic Republic.
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The International Monetary Fund (IMF) expects the Iranian economy will continue to grow in 2022 despite continued pressure on the country because of American sanctions and the economic impacts of the coronavirus pandemic.
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China's economy grew 4.8 percent in the first quarter, the National Bureau of Statistics said Monday, warning of "significant challenges" ahead as a resurgence of the coronavirus threatens Beijing's ambitious annual target.
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The World Bank has revised up its forecast for Iran's gross domestic product (GDP) growth in 2022, expecting the country’s economy to grow 3.7 percent this year.
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By Mohammadreza Pour-Ebrahimi*
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