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gdp growth
Business / 5 hours ago
India’s economy now rivals whole continents: Here is how
India’s economy, which is projected at around US $4.1 trillion in 2025, is equivalent to the combined economies of a collection of its neighbouring and regional peers. India’s economy, which is projected at around US $4.1 trillion in 2025, is equivalent to the combined economies of a collection of its neighbouring and regional peers. According to the Asian Development Bank (ADB), India is expected to grow at 6.7% in the fiscal year ending March 2026, driven by robust domestic demand, rising rural incomes and a vibrant services sector.
Business / 28 weeks ago
Top 10 fastest growing African economies in 2025–2026: South Sudan, Senegal, and Uganda lead GDP surge
Africa's economic landscape is undergoing a seismic shift, with projections from the African Development Bank's Macroeconomic Performance and Outlook (AfDB MPO) report spotlighting rapid expansions across several countries. The top 10 fastest-growing African economies between 2025 and 2026 paint a picture of resilience, reform, and resource-driven resurgence. South Sudan leads the continent with a staggering 34.4% projected GDP growth, fueled by a rebound in oil production and renewed peace efforts. Years of political instability had suppressed output, but recent developments suggest stabilisation is unlocking long-dormant economic potential. This exceptional rate, however, also reflects a base effect—growth rebounding from a low starting point.
Business / 35 weeks ago
How economic conditions are impacting the average hourly wages in Europe
The European economy has experienced significant fluctuations in recent years, influenced by factors such as inflation, unemployment, and GDP growth. These economic conditions have a profound impact on average hourly wages across Europe. According to data from Eurostat, the statistical office of the European Union, we can gain valuable insights into the relationship between economic conditions and average hourly wages. Inflation plays a crucial role in determining average hourly wages. When inflation rises, the purchasing power of consumers decreases, and employers may need to adjust wages to maintain employees' standard of living. Eurostat data reveals that countries with high inflation rates, such as Hungary and Poland, have experienced significant growth in average hourly wages (€12.8 and €11.9 respectively) between 2023 and 2024.
