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3 mins read

Russia's economy faces 'near stagnation' with sanctions whittling down annual GDP growth, European economist says

Russia's economy could be losing as much as 3% of its GDP a year due to Western sanctions, a Europe…

Jennifer Sor   


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2 mins read

Some Russians are spending like no tomorrow with 'considerable' overheating in the economy

Russia's central bank hiked interest rates from 16% to 18% to cool its overheated wartime economy.

Huileng Tan   


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Russia's GDP growth slowed in Q2 while inflation continued to soar on the back of heavy state spending: report

It comes as the Kremlin battles rising inflation and warnings that the economy is overheating.

Rebecca Rommen   


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Strong growth, lower fiscal deficit may lead to India rating upgrade: Deutsche Bank

Strong growth and a narrower fiscal deficit can lead to a sovereign rating upgrade for India, a Ger…

PTI   


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S&P Global Market raised growth forecast of China, still significantly lower than India

The S&P Global Market Intelligence has upwardly revised GDP forecasts for China in its latest repor…

ANI   


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Russia's economic growth is masking a looming 'economic catastrophe,' researchers say

Russia's private sector is deteriorating while the nation pours money into its military and defense…

Jennifer Sor   


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3 mins read

Russia's defense sector is running on overdrive — but firms are warning of bankruptcy

Russia has almost tripled defense spending for the Ukraine war, but rising inflation and interest r…

Thibault Spirlet   


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Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says

Continuing the war means the economy faces stagnation, while ending it would shut off the massive d…

Jennifer Sor   


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2 mins read

Fitch raises global growth forecast on improved near-term prospects

Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3 percentage points to 2.4 per ce…

ANI   


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India ranked third-largest power in Asia, surpassing Japan: Australian think tank

The Asia Power Index assesses 27 countries across the Asia-Pacific region based on their ability to…

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Russia's economy is signaling a fate worse than recession

Russia's central bank said inflation is rising as the nation's economy slows. Those are key ingredi…

Filip De Mott   


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2 mins read

Russia is facing a 'time bomb' at the heart of its economy, economist says

"Putin's war not only imposes on today's Russians a worse life than they otherwise would have had. …

Jennifer Sor   


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Russia's war-driven economic growth is a mirage, and more sanctions are needed to keep pressure on, European finance ministers say

"When taking a closer look at the signals, it becomes clear that everything is not as rosy with the…

Filip De Mott   


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3 mins read

Russia's mass advantage against Ukraine should start declining by 2025, war expert says

Russia is unlikely to run out of steam soon, but it'll have to recalibrate tactics and lower the in…

Matthew Loh   


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2 mins read

Russia's economy faces an 'unsolvable trilemma' but can survive for several more years, think tank expert says

Russia's economy can sustain itself for several more years before the Kremlin will be forced to mak…

Filip De Mott   


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1 min read

Russia sees 'decades' of Western economic sanctions ahead, official says

Russia sees "decades" of Western sanctions ahead, a foreign ministry official said. The country is …

Kelly Cloonan   


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1 min read

North Korea's economy is booming thanks to its arms trade with Russia

North Korea's GDP grew 3.1% in real terms, snapping a three-year slump, the Bank of Korea reported.

Filip De Mott   


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2 mins read

Russia's business elites signal they are tired of propping up the wartime economy

Russia's key interest rate already stands at 16% and analysts polled by Reuters expect the central …

Huileng Tan   


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Russians are spending big on travel and cognac. But the boom is just one 'last growth spurt,' says an analyst.

Russia's central bank has hiked the country's key interest rate to 18% to cool the overheated econo…

Huileng Tan   


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Asia to contribute 60 pc of global growth in 2024: IMF official

Asia remains the engine of economic growth and it is on track to deliver 60 per cent of global grow…

ANI