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Tags : economy


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US dockworkers launch mass strike month before election

Tens of thousands of workers at major ports on the US East and Gulf Coasts went on strike Tuesday in action that could drag on the world’s largest economy just ahead of the November presidential election...

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Formation of interim govt timely: IMF

The International Monetary Fund on Monday said that the timely formation of an interim government in Bangladesh had helped stabilise the political and security conditions, fostering a gradual return to normalcy in the economy...

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US ports brace for potential dockworkers strike

Tens of thousands of US dockworkers plan to strike next week if there is no breakthrough on contract talks, just a month before November’s closely contested presidential election...

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Policy rate hike for long to hit pvt sector investment: DCCI

Dhaka Chamber of Commerce and Industry president Ashraf Ahmed on Saturday said that the policy of higher interest rates and tighter liquidity management adopted by the government to control inflation should be reversed after December, otherwise private sector investments would decline, hindering new job creation...

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German economy to shrink again in 2024: experts

Germany’s economy is expected to shrink slightly in 2024, leading economic institutes said on Thursday, as the traditional manufacturing powerhouse continues to stagnate.

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German investor morale falls steeply in Sept

German investor confidence fell significantly more than expected in September, a survey showed Tuesday, as a hoped-for recovery in Europe’s largest economy seemed to recede from view...

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UK economy stalls, dealing blow to new govt

Britain’s economy stalled again in July, official data showed Wednesday, dealing a blow to the new Labour government that has put growth expansion at the top of its priority list...

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Brazil economy posts 1.4pc growth in Q2

Brazil’s economy, the largest in Latin America, continued to pick up pace in the second quarter, beating market expectations with 1.4 per cent growth, according to data released Tuesday...

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Swedish economy shrinks in Q2

The Swedish economy shrank in the second quarter as household spending and investment fell, official data showed Thursday...

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Lanka realities need to change for reconciliation

THE question of the economy, the economic development path to be followed and who is best suited to lead the country at this time are the most discussed issues now. But another important issue that has contributed to the economic and other problems the country faces and which has proved difficult to resolve will soon intrude on the discussion...

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White Paper to enlighten reforms path: Debapriya

The probable report of White Paper Committee on the state of the country’s economy would enlighten the reforms pathway of the interim government and thus help to avert the deviations of the economy occurred over the years, said economist Debapriya Bhattacharya...

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Full committee announced

The interim government on Wednesday picked 11 members for the committee that would prepare a white paper on the economy plagued by corruption, misappropriation of bank funds, capital flights and the market syndicate under the immediate past political regime ousted early this month...

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Economy remained strained in Apr-June of FY24: MCCI

Bangladesh’s economy faced significant challenges in the fourth quarter of the 2023-24 financial year, with issues such as inflation, shortfall in revenue collection, slow public expenditure, depreciation of the taka and declining foreign exchange reserves continuing to exert pressure, according to the Metropolitan Chamber of Commerce and Industry, Dhaka’s economic review...

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German business morale falls again in August

German business confidence fell further in August, a closely-watched survey showed Monday, as Europe’s biggest economy struggles to emerge from a weak period...

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10 members to be recruited: committee chief

Economist Debapriya Bhattacharya on Sunday said that he selected 10 members to be included in white paper preparation committee on country’s economy...

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Australia fears Aus$3b hit from China slowdown

Australia warned Monday that the ‘softness’ of China’s economy and tumbling iron ore prices could leave a multibillion-dollar hole in the nation’s budget...

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UK growth slows slightly in Q2

Britain’s economy grew 0.6 per cent in the April-June period, a slight slowdown compared with the first three months of the year, official data showed on Thursday.Â