New Zealand slips into second recession in less than 18 months
New Zealand has slipped into its second recession in less than 18 months, with GDP shrinking by 0.1 percent in the October-December period. The recession is attributed to aggressive interest rate hikes and government policies, sparking political blame trading. The downturn raises concerns about the impact on the cost of living and economic growth.
South Korea’s Economy Shows Signs of Growth but Faces Challenges
South Korea’s economy is expected to grow this year, driven by increased exports. However, domestic demand is declining, particularly in the construction sector. The surge in project-financing loans, linked to the property market, is now posing a significant risk to the economy.
Former Big Brother Naija Star Uriel Oputa Shares Distressing Shopping Experience
Former Big Brother Naija all-stars housemate, Uriel Oputa, shares her distressing experience of the soaring cost of living in Nigeria, particularly highlighting the exorbitant price increase of her favorite shower gel from N4,000 to N9,000. Her revelation underscores the financial strain faced by many Nigerians amidst challenging economic conditions.
UK News Digest: Recession, a Shabby State of Affairs – and a Wait After a Fall
UK Chancellor Rishi Sunak’s promises have largely failed to materialize, with the UK falling into a recession. Labour MP Rachel Reeves demands an explanation, but Sunak and his deputy are absent. Journalist John Crace shares a personal anecdote, and SNP and Conservative MPs walk out during a debate on Gaza, highlighting the challenges in UK politics.
Chairman of PIAF Advocates for Revolution in Technical Education in Pakistan
Fahimur Rahman Saigol, Chairman of PIAF, advocates for a revolution in technical education to drive Pakistan’s economic growth. He emphasizes the need for a stronger industry-academia connection to address skill gaps and boost exports. Despite challenges, Saigol remains cautiously optimistic about Pakistan’s GDP growth.
Many Americans Feel Economy is Rigged Against Them, Study Shows
Many Americans feel that the economy is rigged to benefit the rich, despite national indicators suggesting a strong economy. A project by the American Academy of Arts and Sciences revealed a prevailing sense of economic struggle and lack of support. Despite reports of declining income inequality, many individuals still feel that the underdog cannot get ahead, attributing this to a system driven by greed and profit.
Britain Enters Recession with Worst GDP Performance in Years
Britain has entered a recession with its worst GDP performance in years, as the economy contracted by 0.3% in the final three months of 2023. This news is a setback for Prime Minister Rishi Sunak and could impact the upcoming general election. Despite the recession, finance minister Jeremy Hunt remains optimistic about the economy’s future prospects.
Controversy Surrounds Australian Interest Rate Proposal
Australian interest rates have once again sparked controversy, with Wazza McKibbin’s recent comments drawing attention. McKibbin’s proposal for a neutral interest rate has raised concerns about its impact on households, with critics arguing that such a rate would be detrimental….
Thailand’s 2023 Elections: Reformist Party Secures Most Seats, but Populist Party Forms Majority Government
In a surprising turn of events, the reformist Move Forward Party secured the most seats in Thailand’s 2023 elections, but it was the populist Pheu Thai Party that ultimately formed a majority government, overlooking the country’s stagnant economy. The new…
Upturn in Global Tech Cycle to Support Malaysia’s Export Expansion in 2024, Economists Say
Monday22 Jan 2024 HomeCorporateEconomyCourt & PoliticsSectionsEdgeTVTechOpinion新闻HomeCorporateEconomyCourt & PoliticsSectionsEdgeTVTechOpinion新闻HomeCorporateEconomyCourt & PoliticsSectionsEdgeTVTechOpinion新闻HomeUpturn in global tech cycle to support Malaysia’s export expansion in 2024, economists sayTechnologyMalaysiaEconomyTop StoriesEconomic FocusUpturn in global tech cycle to support Malaysia’s export expansion in 2024, economists sayBy Emir Zainul…