Thai economy has reportedly grown 2.8% in 2015 while expected to grow by 2.8%-3.8% during 2016. The military ruler is about to loss support from the middle class segments due to sluggish economic growth. However, the growth in foreign investment portfolio brings some hope for the military ruler to boost up the economy.
Business economists seem to be more doubtful regarding their companies' future profits and sales. According to a survey, these economists expect slower GDP growth.
Continuing 12-month falling streak, South Korea suffered drop in exports during December 2015 as well. The sluggish Chinese demand and weaker global outlook have impacted South Korea's exports in 2015. The drop in exports surpassed the forecast of economists.
JPMorgan Chase & Co has alerted Japan Inc to gear up for the surge in Yen against the US dollar. JPMorgan Chase forecast Yen will reach 100 yen against a US dollar. However, it says the rally in currency may not sabotage the Japan industry.
The Colombian Central Bank is heading towards a hike in interest rate. The Colombian government is keen on checking inflation rise and control the current account deficit.
Hong Kong's international financial hub is reeling under pressure as the world's largest and second largest economies are impacting it more in a negative way.
The world's largest economy registered an encouraging growth in gross domestic product (GDP) in the third quarter of 2015. The GDP growth rate surpassed previous forecasts as businesses expanded inventories indicating the economy on the right track.
Europe recession looks enduring, warns the IPPR report. It said the severe unemployment and underemployment in Europe are signals of an alarming situation about the deepening recession.
Entertainment Software Association of Canada's new report showed a strong growth in Canada's video game industry. Although report shows that most of video game developers work at foreign-owned game studio but the growth of Canada's own microstudios is promising.
Analysts are expecting some sell-off in the stock market today as investors are expected to be cautious after the Paris attack. However, the market seems to be resilient from the attack especially the French market as investors seem to refuse to panic despite the attack.
Registering slowest growth rate during the past nine quarters, Hungary's economy growth rate was weakest during the third quarter ending September as agriculture production drop impacted the gross domestic product (GDP) significantly. The stagnant construction activity coupled with underscoring risks to the government's capacity to keep up the economic momentum has been adversely impacting the GDP growth rate.
As the November 22 presidential election is fast approaching, the economic inflation of 35 percent a year is one of the major issues that the next president of Argentina will have to face.
New World Wealth (NWW), a South Africa-based market research consultancy, released the lists of wealthiest countries, ranked by using its own new method.
The ongoing recession in Greek economy after long-lasting uncertainty is projected to end in 2016 and may witness real growth in 2017, according to European Commission (EC). The unsuccessful conclusion of second adjustment program of bailout package continued and worsened the economic recession in the ailing Greece economy further weakened the recovery prospects in the first half of 2015.
German industrial production went down 1.1 percent month-on-month for the third quarter. According to Bloomberg Business, Berlin Economy Ministry reported the decline Friday, while economists expected a 0.5 percent increase. Germany has been struggling with the Chinese economic slowdown. The country is also grappling with the economic slowdown in other emerging countries where it exports most of its products.