Tag: GDP Growth
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UK GDP August 2025: Slow Growth Takes Hold as Services Stagnate
UK GDP August 2025: A Modest Increase in a Slower Quarter Britain’s economy expanded by a modest 0.1% in August 2025, according to the Office for National Statistics (ONS). The data underline a consolidating pattern in which production rose while services stalled and construction contracted, painting a picture of a diverging economy that is struggling…
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FBR’s Plan to Enhance Pakistan’s Tax-to-GDP Ratio
Introduction The Federal Board of Revenue (FBR) of Pakistan has initiated a transformative plan aimed at significantly increasing the country’s tax-to-GDP ratio from the current 10.24% to 18%. This ambitious target, presented in a briefing to prominent business leaders in Islamabad, seeks to bolster the nation’s economic stability and foster sustainable growth. The Current Tax…
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Impact of GST Rate Reduction on India’s Economy
Introduction The recent reduction of Goods and Services Tax (GST) rates promises substantial advantages for the Indian economy, amounting to a potential boost of ₹1 lakh crore. With the GST reform focusing on slashing rates to just 5% and 18%, consumers will experience lower prices on essential goods. Details of the GST Revision Effective from…
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Brazil’s Economic Growth Projections for 2025
Overview of Brazil’s Economic Outlook The Brazilian financial market has recently adjusted its growth forecast for the economy, projecting a 2.16% GDP growth for 2025. This revised figure is slightly lower than the previous estimate of 2.19% reported just a week ago. Such changes reflect the ongoing fluctuations in the Brazilian economy, influenced by various…
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Giorgetti on Italy’s Economic Forecast: No Need for Corrective Measures
Introduction to Italy’s Economic Outlook In a recent announcement, Italian Finance Minister Giancarlo Giorgetti stated that there is no requirement for a corrective maneuver in Italy’s economic framework. He projected a modest GDP growth of +0.6% for the year 2025, which has sparked discussions among economists and policymakers alike. This article delves deeper into these…