Economic growth

Serbian GDP up by 0.7 pct in Q1 2023

BELGRADE - Serbian PM Ana Brnabic on Monday attended a session of a council set up to coordinate measures and activities aimed at GDP growth.

The council said Serbian Q1 GDP was up by a higher-than-expected 0.7 pct, the Serbian government said in a statement.

Brnabic said industry and agriculture were the sectors to be credited for the GDP growth.

Singapore ‘should avoid economic contraction’: PM

Singapore is expected to post slower economic growth this year but it "should avoid an outright contraction", Prime Minister Lee Hsien Loong said Sunday.

The Southeast Asian city-state's economic performance is often seen as a barometer of the global environment because of its reliance on trade with the rest of the world.    

Why China has passed its economic growth peak

Investors and stock markets have become very excited with China's "reopening" after its abandonment of the zero-Covid policy at the end of 2022. Nobody knows how many people died after more than 80% of the population was declared to have caught the coronavirus, but there have been clear signs of economic revival after three years of drastic lockdowns.

Brnabic: GDP growth rate expected to reach 2.5 pct in 2023

BELGRADE - Serbian PM Ana Brnabic on Thursday chaired a session of a council coordinating activities and measures promoting GDP growth.

The council said Q1 2023 growth matched projections and that January results were better than expected.

Brnabic noted that Serbia's economic growth rate was expected to reach 2.5 pct this year, an official statement said.

Staikouras: ‘Greece has turned a page’

"Greece has made it. Greece has turned a page," Finance Minister Christos Staikouras said on Friday at an Economist event in Athens.

Staikouras said growth results looked to be higher than expected, with the European Commission envisaging an economic growth double the rate of the European average in 2022 and even higher in 2023.

ATHEX: Index has 1,000 points in its sights

The main index of the Greek stock market is seriously eyeing the 1,000-point milestone following another session of growth on Friday that saw it climb to its highest level since February 11, 2022, for yet another 11-month high. This time the price growth was universal and not restricted to certain sectors or capitalization sizes, not to mention the increase in turnover.

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