Economic growth

BELGRADE - In its latest forecast, the World Bank said Serbia's 2023 GDP growth would be around 2 pct despite an anticipated acceleration of economic activity in the second half of the year.

BELGRADE - At a session chaired by Serbian PM Ana Brnabic, a council tasked with coordinating activities and measures aimed at promoting GDP growth said on Monday there had been visible signs of stabilisation and economic recovery in Q3, that inflation was declining and that planned GDP growth of 2.5 pct could be expected to materalise in 2023 despite a major economic slowdown in Europe.

BELGRADE - Serbia's real GDP growth in Q2 2023 was at 1.7 pct y-o-y, in line with a flash estimate, and real GDP growth for Q1 2023 was revised upwards from 0.7 pct to 0.9 pct y-o-y, the National Bank of Serbia (NBS) said on Friday.

Türkiye's economy grew by a more-than-expected 3.8 percent in the second quarter of 2023 from a year ago, the data from the Turkish Statistical Institute (TÜİK) have shown.

Morgan Stanley confirmed its positive outlook about the prospects of Greek stocks, noting that, despite the protracted rally - now seemingly over, as the Athens Stock Exchange fell for a fourth successive week - valuations of Greek companies remain attractive. 

BELGRADE - Serbian PM Ana Brnabic on Wednesday chaired a session of a council coordinating activities and measures aimed at GDP growth, which said Serbia's 2023 economic growth should reach 2.5 pct.

Brnabic said it was important to continue a trend of economic growth in Q3 and Q4.

In 50 years, the Eurozone, measured as a single economy, will be the fourth largest in the world. Germany, individually, will drop from the current fourth place in the world to fifth in 2050 and ninth in 2075. China, the United States and India will be clearly ahead of everyone else.

This was announced by the investment bank Goldman Sachs in its latest forecast.
The main arguments for this assessment are India's population growth, the country's progress in the field of innovation and technology, higher capital investment and rising worker productivity, according to the report, CNBC reports.

The retail of fast-moving consumer goods (FMCG) in Türkiye grew 99 percent last year compared with 2021, according to research conducted by consumer intelligence company NielsenIQ.

Sales of Yizhuan Automobile Co.'s trash trucks picked up after China ended anti-virus controls in December, but their growth is in low gear as managers struggle to rebuild business lost during the pandemic.

China's economy rebounded at the start of 2023, but after a good first quarter, factory output and consumer spending are weakening.