Poland’s president calls on NATO allies to raise spending on defense to 3% of GDP

WARSAW, Poland — Poland’s president on Monday called on other members of the NATO alliance to raise their spending on defense to 3% of their gross domestic product as Russia puts its economy on a war footing and pushes forward with its invasion of Ukraine. President Andrzej Duda made his call in remarks directed at … Read more

China sets GDP target of ‘around 5%’ for 2024

China’s Premier Li Qiang speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024.  Denis Balibouse | Reuters BEIJING — China set a growth target of “around 5%” for 2024, according to the “Government Work Report” released Tuesday. The targets for GDP and other economic indicators were published … Read more

India ‘easily’ fastest growing economy, IMF director says, as GDP growth soars

IMF Executive Director and former Chief Economic Advisor of India, Dr Krishnamurthy V. Subramanian addresses a press conference. Hindustan Times | Hindustan Times | Getty Images India is ‘easily’ the fastest growing economy in the world, IMF executive director Krishnamurthy Subramanian said, as the country’s third-quarter GDP growth blew past analysts’ estimates. At 8.4%, India’s … Read more

Israel’s GDP contracts nearly 20% in fourth quarter amid Gaza war

An Israeli national flag above produce for sale at Carmel Market in Tel Aviv, Israel, on Tuesday, Nov. 7, 2023.  Bloomberg | Bloomberg | Getty Images Israel’s gross domestic product shrank by nearly 20% in the fourth quarter of 2023, according to official figures. The contraction was significantly larger than expected — analysts predicted a … Read more

BOJ juggles yen weakness and fragile growth after GDP surprise

An editorialized picture of a falling graph against the Japanese flag. Natanael Ginting | Istock | Getty Images Japan’s central bank is expected to exit its negative interest rate regime this spring, though sluggish growth will limit its ability to alleviate depreciation pressure on the yen, according to a former Bank of Japan board member. … Read more

2023 GDP revised lower amid manufacturing slowdown

A general view of the skyline of the Singapore Central Business District, the Marina Bay Sands, the ArtScience Museum and the seating platform at Marina Bay on August 1, 2015 in Singapore. Suhaimi Abdullah | Getty Images SINGAPORE — Singapore lowered its full-year growth for 2023, as official data on Thursday showed the economy grew … Read more

India set to clock up to 8% GDP growth as it boosts manufacturing capacity, minister says

Workers assemble mobile phones at a Dixon Technologies factory in Noida, India, on Jan. 28, 2021.  Bloomberg | Bloomberg | Getty Images India could clock up to 8% annual GDP growth for several years as it focuses on boosting its manufacturing capabilities, a key government minister told CNBC on Thursday. “Every sector of the economy … Read more

All eyes on U.S. fourth-quarter GDP

A customer visits a supermarket in San Mateo, California, on Dec. 12, 2023. Li Jianguo | Xinhua News Agency | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what … Read more

China misses fourth-quarter GDP estimates, resumes posting youth unemployment data

Construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Monday, Nov. 27, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — China missed fourth-quarter GDP estimates on Wednesday, while it resumed reporting the unemployment rate for young people. The National Bureau of Statistics said that excluding people still in school, the unemployment … Read more

GDP expands 2.8% in Q4, 1.2% for 2023

People view light installations for Christmas at Singapore’s Gardens by the Bay on Dec. 18, 2023. (Photo by Then Chih Wey/Xinhua via Getty Images) Xinhua News Agency | Xinhua News Agency | Getty Images Singapore’s economy grew 2.8% year-on-year in the final quarter of 2023, according to advance estimates from the country’s Ministry of Trade … Read more