Archive for the ‘Economic Development’ Category

Economic Development, News

March 5, 2025

Bank of England Governor Andrew Bailey has emphasized the importance of open trade and international cooperation in strengthening global economic stability. Speaking before British lawmakers, Bailey highlighted the benefits of addressing trade concerns through multilateral discussions rather than unilateral measures, reinforcing the need for balanced trade policies that support long-term growth.   During a recent […]

Canada, Economic Development, News

March 5, 2025

Canada is reinforcing its trade strategies to maintain a strong and balanced economic relationship with key partners. As discussions on tariffs continue, officials are focused on fostering resilient trade policies that promote economic stability and long-term growth.   Foreign Minister Melanie Joly emphasized Canada’s vital role in global trade, particularly in the energy sector. With […]

South Korea and the United States are deepening their trade and economic partnership by forming a working group focused on energy collaboration, shipbuilding, and trade policies, including discussions on the Alaska LNG project and tariff adjustments. This initiative aims to enhance bilateral trade, strengthen energy security, and create new business opportunities for both nations.   […]

South Africa’s economy demonstrated resilience in the fourth quarter of 2024, expanding by 0.6% as the agricultural sector experienced a strong rebound. With a 17.2% increase in agricultural output, the country continues to strengthen its role as a key player in global trade, particularly in exports of field crops and animal products.   Trade and […]

Economic Development, News

February 13, 2025

Thailand’s economy is experiencing its strongest growth in over two years, fueled by a vibrant trade sector and a flourishing tourism industry. Recent data highlights the country’s resilience and ability to capitalize on global market opportunities.   According to a February 6-12 poll of 15 economists conducted by Reuters, Thailand’s gross domestic product (GDP) is […]

Economic Development, News, Vietnam

February 11, 2025

Vietnam is poised to accelerate economic growth in 2025, raising its GDP target to at least 8.0%—a testament to its expanding industrial manufacturing sector and thriving trade environment, Minister of Planning and Investment Nguyen Chi Dung announced on Wednesday.   The country’s trade-driven economy continues to gain momentum, with exports and imports expected to rise […]

Economic Development, News, South Korea

February 11, 2025

South Korea’s Acting President Choi Sang-mok has called for a unified effort in parliament to approve an extra budget aimed at boosting trade and sustaining economic momentum. Emphasizing the importance of proactive financial measures, Choi highlighted the role of strategic investments in ensuring South Korea remains a competitive player in the global marketplace.   “I […]

The U.S. economy demonstrated impressive resilience in the fourth quarter of 2024, bolstered by solid consumer spending and a strong labor market. While imports surged and a strike at Boeing temporarily impacted aircraft production, the broader economic landscape remains positive, signaling healthy trade activity and domestic growth. The Federal Reserve’s approach of gradual interest rate […]

Economic Development, Germany, News

January 15, 2025

Germany’s economy continues to demonstrate resilience, with positive signs of growth in key sectors. Consumer spending has seen a rise of 0.3%, reflecting increased purchasing power thanks to higher wages and a stable inflationary environment. This growth in domestic consumption creates a favorable environment for businesses and offers new opportunities in various sectors.   The […]

South Korea’s trade-reliant economy started 2024 on a positive note as exports rose for the fourth consecutive month. The surge in sales to China and the significant increase in chip shipments, the largest in six years, contributed to this boost.   January’s trade data indicated the favorable momentum, complemented by a national factory activity survey […]

Economic Development, Indonesia, News

December 3, 2024

In the final quarter of the year, Indonesia’s economy demonstrated remarkable resilience, with a robust growth rate of 5.0% compared to the previous year. This encouraging performance was underpinned by strong domestic consumption, even in the face of challenges such as shrinking exports and declining commodity prices. These insights emerge from a recent Reuters poll […]

Economic Development, News, Thailand

October 30, 2024

Thailand’s Finance Ministry projects a 3% economic growth rate for 2025, fueled by strong performances in private consumption, exports, investment, and tourism. As Southeast Asia’s second-largest economy, Thailand anticipates a robust influx of 39 million foreign tourists next year, an increase from the expected 36 million arrivals in 2024, reinforcing the nation’s tourism sector as […]

The Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) is excited to announce an anticipated 5% growth in semiconductor exports for 2025. This positive projection comes despite current challenges, highlighting the resilience of the sector and its critical role in global trade. SEIPI President Danilo C. Lachica shared insights during the 13th Arangkada […]

Economic Development, Germany, News

October 24, 2024

Germany is taking a proactive step to bolster trade opportunities for developing economies and least-developed countries (LDCs) by pledging EUR 150,000 (approximately CHF 140,000) in 2024 to the Standards and Trade Development Facility (STDF). This initiative aims to strengthen sanitary and phytosanitary (SPS) capacities, enabling these nations to access global and regional markets more effectively. […]

Economic Development, Malaysia, News

October 21, 2024

Malaysia’s economy is projected to have achieved a commendable 5.3% growth in the third quarter of 2024 compared to the same period last year, as per the official advance estimates released on Monday. While this represents a slight moderation from the impressive 5.9% growth rate seen in the previous quarter, it underscores the resilience of […]