#gdp growth

[mapsontheweb]

Real GDP growth worldwide in 2024

by geography_worldmaps

[nando161mando]

Only 12%… Just 12%

[littlebitoftrolling]

We gotta stop trying to guide our economy based on financial metrics - growth is more likely to harm livelihoods than help them at this point

[global-index]

Top GDP country I Top Economic countries in the World

[todayworldnews2k21]

RBI To Keep Repo Rate Unchanged At Meeting Next Week, Chances Of Rate Cut In Feb Increased: Report

New Delhi: The Reserve Bank of India (RBI) is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed significantly in the second quarter of FY25. However, the likelihood of a rate cut in February has increased, according to a report by HDFC Bank. The country’s GDP growth for Q2 FY25 slowed to 5.4 per cent year-on-year, down from 6.7 per cent in Q1. Gross…

[bhaskarlive]

India rated fastest growing G20 economy with GDP growth projected at 7 pc for 2024

India is projected to be the fastest growing economy among the G20 countries with a 7 per cent GDP growth rate for 2024, followed by Indonesia in the second spot with 5 per cent while China is ranked third with an economic growth rate of 4.8 per cent.

Source: bhaskarlive.in

[global-newz]

China's Economic Slowdown Intensifies, Official Data Reveals

China's economy showed signs of strain in the third quarter, recording its slowest growth rate since early last year. Official figures from the National Bureau of Statistics indicate that the country's gross domestic product (GDP) increased by 4.6% year-on-year, falling short of the government's annual target of "around 5%."

Despite being slightly better than analysts had predicted, this growth rate marks the second consecutive quarter in which China's economic expansion has lagged behind the government's aspirations. The data also included positive trends in retail sales and factory output, which exceeded forecasts.

In response to the ongoing economic challenges, the Chinese government has rolled out several measures aimed at bolstering growth. However, according to Eswar Prasad, a former head of the International Monetary Fund's (IMF) China division, the current trajectory puts the government's growth target for the year at significant risk. "Achieving the target now seems highly unlikely without a substantial stimulus in the fourth quarter," he stated.

Conversely, Harry Murphy Cruise, an economist at Moody's Analytics, expressed a more hopeful outlook, suggesting that the recent stimulus measures could help the economy reach its annual target. However, he cautioned that further actions would be necessary to address the underlying structural challenges facing the economy.

Official statistics also revealed a concerning trend in the housing market, with new home prices in September experiencing their steepest decline in nearly a decade. Lynn Song, chief economist for Greater China at ING, highlighted that the ongoing downturn in the property sector continues to be a significant obstacle to economic recovery. "New investments are unlikely to see meaningful improvement until housing prices stabilize and inventories decrease," she noted.

In a bid to support growth, the People's Bank of China (PBOC) recently convened a meeting urging banks and financial institutions to increase lending. Last month, the PBOC announced its largest stimulus package since the onset of the pandemic, featuring significant cuts to interest and mortgage rates. The plan also includes measures to revitalize the struggling stock market and encourages banks to provide more loans to both businesses and consumers.

The world's second-largest economy is currently grappling with various challenges, including a deepening property crisis and weakened consumer and business confidence.

[allaboutforexworld]

Bull Market in a Nutshell

A bull market represents a period when the prices of assets, particularly in stock markets, are rising or are expected to rise. It is characterized by investor confidence, optimism, and expectations that strong results will continue. Understanding the dynamics of a bull market is crucial for traders and investors who wish to maximize their returns. What is a Bull Market? It is a financial market…

[pebblegalaxy]

Comparing the Economic Legacy of Finance Ministers P. Chidambaram and Nirmala Sitharaman: A Decade of Transformation

A Comparative Analysis of Finance Ministers: P. Chidambaram vs. Nirmala Sitharaman Introduction The role of a finance minister in any country is pivotal, determining the trajectory of economic growth, fiscal stability, and overall national prosperity. India, being one of the largest economies in the world, has seen significant changes under the stewardship of different finance ministers. Two…

[mapsontheweb]

African Countries by Average Real GDP Growth Rate (from 2020 to 2024)

Source:- IMF

by Specific_Ad_685/reddit

[nikkiadderley88]

Learn what GDP means, how it's calculated, and why it's a crucial economic indicator for India's economic health and policy-making.

[mymyproperty]

Malaysia's Economy: Growth on the Horizon

Ever heard someone say the Malaysian economy is “bad”? Here’s a positive update: Bank Negara Malaysia (BNM) forecasts a growth of 4-5% in 2024. That’s good news!   1. Malaysia’s economy to grow between 4.0-5.0pct in 2024: Bank Negara report www.nst.com.my Reasons for Optimism: Resilient Job Market: Low unemployment translates to more disposable income and spending power. Strong Household…

[exim-pedia]

Top Export from Russia: A Comprehensive Guide

Russia, formally known as the Russian Federation, is the world's largest country, encompassing about one-tenth of the planet's surface. It is renowned for its vibrant culture, customs, literature, dance, and music. Despite its vastness, Russia is a superpower due to its abundance of minerals, oils, and other natural resources. The country has been a major producer and exporter of various agricultural and natural products for centuries.

In this blog, we will delve into the main exports of Russia, its primary export partners, detailed export data, and more. Let's begin by discussing the trade relationship between India and Russia.

Trade Between India and Russia

Russia and India have close trade ties. The bilateral trade between the two countries during 2022–2023 amounted to US $49.36 billion, with exports to Russia from India amounting to US $3.14 billion, and exports from Russia to India amounting to US $46.21 billion. As India’s rival, China’s relations with Russia grow closer, with Putin describing them as “the best in history,” it raises concerns for India. To strengthen ties, Modi’s first visit after winning the 2024 election is to Moscow, aiding in rebuffing Western efforts to cast Putin as a pariah and boosting relations with its key oil trade partner.

Export from Russia: Facts and Figures

In 2022, Russia was ranked 12th globally in terms of exports, with total exports worth $486 billion. Over five years, from 2017 to 2021, exports from Russia surged from $126 billion to $486 billion. Oil and petroleum products dominate Russia’s export landscape, with approximately 30% of the country's GDP derived from exports. Russia exports globally, totaling around 42,000 shipments, including natural gas, oil, cereals, metals, and fertilizers.

Major Exports of Russia

Here is a list of Russia's major exports:

Minerals, fuels, oils, etc.: US $348.35 billion

Iron and steel: US $21.49 billion

Fertilizers: US $17.36 billion

Pearls, stones, precious metals: US $16.85 billion

Aluminum and aluminum articles: US $9.96 billion

Wood and wood articles: US $8.56 billion

Fish, crustaceans, mollusks, etc.: US $7.78 billion

Cereals: US $7.24 billion

Copper and copper articles: US $7.15 billion

Inorganic chemicals: US $5.8 billion

Top Export Partners of Russia

Here are the top export destinations of Russia:

China: US $101 billion

India: US $40.4 billion

Germany: US $27.7 billion

Turkey: US $25.3 billion

Italy: US $25.1 billion

Around 55% of Russia’s total exports are shipped to these countries. Check out the Eximpedia.app dashboard and our Russia export data to find out more about Russia's export partners.

Top Ten Exports from Russia in Detail

1. Minerals, Fuels, and Oils

Minerals, fuels, and oils are Russia's biggest export products. In 2022, Russia exported these goods worth US $348.35 billion, comprising around 71.6% of total export products. Major exports include crude petroleum, refined petroleum, petroleum gas, coal briquettes, electricity, coal tar oil, petroleum coke, petroleum jelly, and lignite. The primary destinations for these exports are China, India, Italy, Germany, and the Netherlands.

2. Iron and Steel

Iron and steel are the second-largest export commodities in Russia. In 2022, Russia exported iron and steel worth US $21.49 billion, accounting for 4.3% of total exports. Key exports include wrought iron, cast iron, martensitic alloys, weathering steel, pig iron, and manganese. The main destinations are China, Italy, Kazakhstan, and Germany.

3. Fertilizers

Russia is the largest exporter of fertilizers, exporting 38 billion metric tonnes in 2022. This export was valued at US $17.36 billion, constituting 3.5% of total exports. Major exports include potassium chloride, diammonium phosphate, phosphate rock, and triple superphosphate. Leading destinations are Brazil, India, the United States, China, and Indonesia.

4. Pearls, Stones, and Precious Metals

Russia is the second-largest exporter of pearls, stones, and precious metals. In 2022, these exports were valued at US $16.85 billion, constituting 3.46% of total exports. Key exports include platinum, vanadium, gold, industrial diamonds, and cobalt, along with gemstones like demantoid garnet and Alexandrite. Major destinations are the United Arab Emirates, Switzerland, the United Kingdom, the United States, and Hong Kong.

5. Aluminum and Aluminum Articles

In 2022, Russia exported aluminum and aluminum articles worth US $9.96 billion, constituting 2.04% of total exports. Major exports include raw aluminum, airplane parts, window frames, radiators, foil, and air conditioning units. Key destinations are China, Japan, Turkey, Germany, and the United States.

6. Wood and Wood Articles

Russia is a competitive exporter of wood used for fuel and furniture manufacturing. In 2022, wood exports were valued at US $8.56 billion, holding a significant share of 31.76% of total exports. Major exports include beams, planks, fitches, boards, laths, fagots, twigs, and rough sticks. Key destinations are China, Uzbekistan, Japan, Kazakhstan, and the United States.

7. Fish, Crustaceans, Mollusks, etc.

Russia is the 7th largest exporter of fish, crustaceans, mollusks, and other seafood, valued at US $7.78 billion in 2022. Leading destinations are Norway, Portugal, the United Kingdom, Spain, and Germany.

8. Cereals

Russia is the 6th largest exporter of cereals, exporting 48 million metric tonnes in 2022. These exports were valued at US $7.24 billion. Major exports include corn, rice, barley, and rye. Leading destinations are Turkey, Egypt, Azerbaijan, Kazakhstan, and Pakistan.

9. Copper and Copper Articles

In 2022, Russia exported copper and copper articles worth US $7.15 billion, holding a 1.47% share of total exports. Key exports include copper alloys, copper foil, and unrefined copper. Major destinations are China, Germany, Turkey, the Netherlands, and Chinese Taipei.

10. Inorganic Chemicals

Russia is a significant exporter of inorganic chemicals, valued at US $5.8 billion in 2022. Major exports include aluminum oxide, aluminum hydroxide, synthetic rubber, filaments, sodium, fluorine, and caustic soda. Key destinations are China, Brazil, Belarus, India, and Kazakhstan.

How to Find Buyers from Russia?

To find the best buyers in Russia, visit Eximpedia.app. This platform provides detailed data on Russia's export by country, export data, buyer data, product-specific data, and more.

Conclusion

In this blog, we explored how Russia's main exports contribute to its GDP and overall economic welfare. As one of the world's largest economies, trading with Russia benefits both importers and exporters. Accessing accurate Russian import and export data is crucial for making informed trade decisions. Eximpedia.app provides comprehensive Russian trade data, helping traders navigate international trade more effectively.

For more detailed information, visit Eximpedia.app and enhance your international trade journey.

[bhaskarlive]

India’s annual GDP growth projected to be between 7-7.2 pc in FY25: Deloitte

India’s annual GDP growth is projected to be between 7 and 7.2 per cent in FY 2024-2025, a Deloitte report said on Tuesday, which is in line with the Reserve Bank of India’s (RBI) prediction of the country witnessing real GDP growth at 7.2 per cent for FY25.

Source: bhaskarlive.in