UK economy contracts 1.5% in the first quarter of 2021
Surprisingly, the economy grew by 2.1% in March...
Category : Economy
Saudi Arabia’s economy contracts by 3.3% in Q1
The overall GDP was further affected by a 12% decline in ongoing crude oil production cuts...
COVID-19 vaccination programme to spur economic boost: BOJ
Japan is yet to decide whether it wants to extend its state of emergency...
Japan’s parliament approves the world’s largest free trade deal
RCEP will boost Japan’s GDP by 2.7% and create around 570,000 jobs...
Sub-Saharan Africa’s economy expected to grow by 3.4% in 2021: IMF
The economy contracted 1.9% in 2020...
Oman implements 5% VAT
Oman becomes the fourth GCC country to introduce VAT...
Saudi Arabia’s inflation rate fell to 4.9% in March
Inflation rate in February was 5.2%...
TES to help South Africa’s gig economy
The adoption of the gig economy is considered to be a turning point in reducing the unemployment rate and increasing gross domestic product...
Amidst currency crisis Turkey sells gold
The World Gold Council stated that the central banks were the net buyers of the precious metal...
Chile passes economic relief bill to help citizens weather Covid-19 storm
The aid package is expected to consist of $693 bonus for workers who have salaries up to $2,079 since 2019...