0611 GMT January 16, 2022
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The US economy ended 2021 on a sour note with a worse-than-expected employment report underscoring the challenges awaiting President Joe Biden in the new year, as the Omicron variant runs rampant and his legislative agenda stalls.
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The U.S. current account deficit surged to a 15-year high in the third quarter amid a record increase in imports as businesses rushed to replenish depleted inventories.
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US job growth slowed sharply last month, raising questions about whether the Federal Reserve will pursue a more aggressive approach to scaling back its stimulus programme.
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Profits at China’s industrial firms grew at a faster pace in October, the statistics bureau said, providing a buffer for a faltering economy battered by soaring raw material prices.
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Eurozone inflation surged to a record rate this month as high energy prices jumped and supply woes bit, Eurostat said Friday, casting a cloud over the recovery from the coronavirus pandemic.
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Investment banking company Goldman Sachs on Tuesday lowered its annual economic growth forecast for China as nationwide power cuts hit millions of homes and halted production at factories.
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Statistics released by the Central Bank of Iran (CBI) showed that despite the COVID-19 pandemic impact on economies and the US sanctions against Iran, Iran registered the highest economic growth among countries in the West Asia region.
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The economic growth of 3.6 percent was achieved in a condition that many countries affected by the consequences of the outbreak of the coronavirus registered a sharp decline in economic growth, IRNA reported.
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President Hassan Rouhani said Thursday that while economies of most countries in the world shrank last year, Iran's economy recorded 3.6% growth despite being under the pressures of sanctions and the COVID-19 pandemic.
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Details of Iran’s financial system in the last quarter of the previous calendar year (Dec. 22-March 20, 2021) shows the country’s economy, excluding the oil sector, witnessed a 3.3 percent growth.
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Iran’s economy grew by 3.6% in the calendar year to March both with oil and without oil, a sign the country is out of a deep recession caused by American sanctions and the coronavirus pandemic.
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Eurozone business growth accelerated at its fastest pace in over three years in May, as a strong resurgence in the bloc’s reopening service industry added to the impetus from an already-booming manufacturing sector, a survey showed on Friday.
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The Central Bank of Iran (CBI), in its latest report, put the growth of the country’s gross domestic product (GDP) in the nine months to December 20, 2020 at 2.2 percent.
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Iran’s economy showed a robust growth in the quarter to late September despite pressures of the US sanctions and the spread of the coronavirus pandemic, according to new data by the Central Bank of Iran (CBI).
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India is unveiling a new budget on Monday committed to higher spending to revive growth, blowing out the fiscal deficit wider than expected as the government of Prime Minister Narendra Modi seeks to spend its way out of the pandemic-induced slump.
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