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.
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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.
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China’s economic growth jumps to 4.5 percent
China's gross domestic product grew 4.5 percent in the first quarter of the year, boosted by increased consumption and retail sales after authorities abruptly abandoned the stringent "zero-COVID" strategy.
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ATHEX: Third week of gains for local bourse
The Greek bourse entered its four-day recess in line with most European bourses after yet another session of growth for its benchmark, the seventh in a row - a sequence unseen in over eight months. This has also been the third straight week of growth for the main index.
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Greek PMI up to 52.8 points in March
Greek manufacturers signaled a solid upturn in operating conditions during March, according to the latest PMI data from S&P Global with the seasonally adjusted S&P Global Greece Manufacturing Purchasing Managers' Index at 52.8 points in March, up from 51.7 in February.
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Payments of productivity bonuses begin
Payments of productivity bonuses have started for civil servants who have achieved the goals set by government ministries for 2022. The beneficiaries are employees of the Ministry of Finance and other financial services of the state.
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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.
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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.
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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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