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Tags : economy


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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. 

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Bleak jobs report raises recession spectre in US

THE US economy appears to be precariously perched on the brink of recession. The stock market’s recent plunge reflects heightened recession fears, further exacerbated by a bleak jobs report. On August 2, the US Bureau of Labour Statistics unveiled that non-farm employment rose by a mere 114,000 in July, marking the lowest increase since...

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Finance div prepares economic report for finance adviser

The Finance Division has prepared an update about the economy highlighting the prevailing high inflation and falling forex reserves to submit to the finance adviser of the newly formed interim government led by Nobel laureate Muhammad Yunus...

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Restoring economy immediate challenge

The immediate challenge for the proposed interim government will be restoring the economy suffering heavy disruption over the student-led mass protests culminated in the fall of the Sheikh Hasina-led government...

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Indonesian growth slows in Q2

Indonesia’s economy grew more slowly in the second quarter of 2024 despite being supported by spending on religious holidays and increased household consumption, the country’s statistics agency said on Monday...

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China issues plan to boost household consumption

China has issued a set of directives aimed at boosting household consumption, a weakness weighing on growth in the world’s second-largest economy, with the plan targeting sectors including child and elder care, and food and beverage...

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Eurozone economy grows more than expected in Q2

The eurozone economy grew faster than expected in the second quarter despite Germany’s poor performance, official data showed Tuesday, easing fears over the region’s recovery...

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Asian markets drop as Biden drops out of White House race

Asian markets fell Monday as Joe Biden’s decision to drop out of the US presidential race fuelled fresh uncertainty, while traders appeared unmoved by China’s decision to cut interest rates in a bid to boost its stuttering economy...

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Thailand unveils billion-dollar handout scheme to boost economy

Thailand’s government unveiled a billion-dollar handout scheme on Wednesday that it hopes will boost the flagging economy but warned recipients would not be allowed to spend the money on marijuana, jewellery or lottery tickets...

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German investor morale records first drop in a year

German investor confidence fell for the first time in a year in July, a key survey said on July 16, as the prospects for Europe’s largest economy seemed to darken once again...

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45 years of economic transformation

CHINA’S 45-year journey of reform and opening-up stands as a testament to its unique economic development strategy. Over these decades, China has not only tackled a continuously fluctuating international economic environment but has also emerged as a pivotal force for global economic stability and...

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New UK finance minister vows to power economy

New UK finance minister Rachel Reeves vowed Monday to immediately ‘fix the foundations’ of Britain’s economy, fuelled by onshore wind power and house building, after her...

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US jobs market sees gradual cooldown in June

US job gains eased slightly in June while unemployment edged up, government data showed Friday, in a sign that the world’s biggest economy is cooling steadily as policymakers hope...

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German industrial orders decline again in May

German factory orders fell for a fifth consecutive month in May, official data showed Thursday, the latest sign that the recovery in Europe’s biggest economy was struggling to gain momentum...

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Blue economy crucial for Bangladesh’s growth: Speaker

Speaker Shirin Sharmin Chaudhury emphasised the critical role of the blue economy in Bangladesh’s economic growth and sustainable development during her speech at the ‘International Conference on Ocean Prosperity: Catalysing Blue Economy in Bangladesh’ held at the Bangabandhu International Conference Centre in the capital Dhaka on Wednesday...

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Govt has horde of issues to mend to save economy from declining

THE shortage of the dollar that has persisted for more than two years has severely constrained the economy, with a deleterious impact especially on trade. Now, it is the shortage of the taka, or liquidity crisis, in banks that is said to be further constraining the economy. The situation has left the government in a tight spot...