Tag: Economic Growth
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Purbaya’s Strategy to Cut Indonesia’s Deficit as Debt Reaches Rp9,138 Trillion
Indonesia Sets a Strategy to Reduce the Deficit as Debt Climbs Indonesia’s national finance leadership, led by Finance Minister Purbaya Yudhi Sadewa, is outlining a strategy to tame a rising government debt burden. Data show the central government’s debt reaching Rp9,138.05 trillion by the end of the first semester in 2025, a level the ministry…
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Purbaya’s Plan to Reduce Deficit as Indonesia Debt Rises
Purbaya Sets a Deficit-Reduction Path Amid Rising Debt As Indonesia’s public debt nears a sizable threshold, Finance Minister Purbaya Yudhi Sadewa has outlined a strategy focused on targeted spending and revenue enhancement to reduce the budget deficit and stabilize the nation’s fiscal health. The debt figure, reported as Rp9,138.05 trillion by the end of the…
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South Korea Q3 GDP jumps 1.7% on strong exports driving growth
South Korea’s economy accelerates in Q3, beating expectations South Korea posted robust third-quarter growth, with a year-on-year GDP expansion of 1.7% that outpaced economists’ expectations. The advance estimates from the Bank of Korea (BoK) show a noticeable acceleration from Q2, when growth was 0.6% year on year. The quarterly figure also topped forecasts, underscoring a…
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UK GDP August 2025: Modest Growth Keeps Economy on a Tight Path
UK GDP August 2025: A Slow but Positive Nudge The UK economy expanded by a modest 0.1% in August 2025, according to the latest release from the Office for National Statistics (ONS). This aligns with economists’ expectations for a subdued month of growth after a stronger first half of the year. The data underline a…
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UK GDP August 2025: Modest 0.1% Expansion Reflects Mixed Output
Britain’s August GDP: a low‑glow of growth The UK economy expanded by a modest 0.1% in August 2025, according to the latest release from the Office for National Statistics (ONS). The gain follows a bumpy first half of the year and underscores the emergence of a mixed picture across the main sectors that drive output.…
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Reeves Signals Higher Taxes on the Wealthy as Part of November Budget Plan
Overview: Reeves frames November budget as a growth-focused plan Chancellor Rachel Reeves has signaled that higher taxes on the UK’s wealthiest could feature in the upcoming November budget, framing the move as part of a broader strategy to repair public finances without returning to austerity. Speaking in Washington at the International Monetary Fund (IMF) meetings,…
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UK Growth Forecast: IMF Sees Second-Fastest G7 Expansion
Overview: UK poised for solid relative growth, IMF says The United Kingdom is forecast to be the second-fastest growing major economy among the G7 this year and next, according to the latest World Economic Outlook from the International Monetary Fund (IMF). The projection places the UK ahead of most peers in a year shaped by…
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Singapore’s 3Q2025 Economic Growth: MTI Signals Modest Expansion at 2.9%
Singapore’s Q3 2025 GDP: Modest growth amid sectoral shifts Singapore’s economy expanded by 2.9% year on year in the third quarter of 2025, according to advance estimates released by the Ministry of Trade and Industry (MTI) on October 14. While the growth figure marks a continuation of positive momentum, it also shows a slowdown from…
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Canadian Peter Howitt among 3 Nobel winners in economics
Overview: A Trio Recognized for Innovation-Driven Growth The Royal Swedish Academy of Sciences has announced that three researchers will share the Nobel Memorial Prize in Economics for 2024, recognizing their work on how innovation drives economic growth. Canadian economist Peter Howitt, along with Joel Mokyr and Philippe Aghion, was awarded for explaining the mechanisms of…
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From Stagnation to Sustained Growth: Nobel Laureates Explain Innovation-Driven Progress
Understanding a Century of Change: Why Growth Became the Normal State Over the last two centuries, global living standards have risen dramatically, driven by a steady stream of technological innovations. This year’s Nobel Prize in Economic Sciences recognizes three scholars—Joel Mokyr, Philippe Aghion, and Peter Howitt—who illuminate the mechanisms behind sustained economic growth and why…