Keywords: GDP


Bulgaria approves 2026 budget with wider deficit as government targets economic growth

Bulgaria's parliament has approved the country's long-awaited 2026 budget, setting out plans for a larger fiscal deficit as the government seeks to support economic growth following months of political uncertainty. The budget projects the deficit to reach 5.7% of gross domestic product (GDP)......

World Bank Report: Moroccan Economy Records Fastest Growth in Over a Decade

The Moroccan economy is expanding at its fastest pace in more than ten years, heavily propelled by a boom in infrastructure investments and a notable recovery in the agricultural sector, according to a recent World Bank report. Released in its summer economic update titled "Cementing Growth: Digital......

Kenya expects budget deficit to narrow to 3.6% of GDP in 2027/28 fiscal year

Kenya expects its budget deficit to decline significantly in the 2027/28 fiscal year, as the government projects improved fiscal management and stronger economic performance, according to a senior official from the Finance Ministry. Chris Kiptoo, Principal Secretary at the Finance Ministry, said the......

IMF warns oil prices and weak monsoon threaten India's economic growth outlook

The International Monetary Fund (IMF) has identified rising oil prices and the risk of a weak monsoon season as the two biggest threats to India's economic growth in the 2026/27 fiscal year, highlighting growing external and climate-related challenges for the world's fastest-growing major economy. According......

Morocco's HCP forecasts narrower trade deficit by 2027 despite global challenges

Morocco's High Commission for Planning (HCP) expects the country's trade deficit to widen temporarily in 2026 before improving in 2027, reflecting both external economic pressures and the resilience of key domestic sectors. According to the HCP's latest economic outlook, the trade deficit......

IMF forecasts temporary slowdown for UAE economy before stronger rebound in 2027

The International Monetary Fund (IMF) expects the United Arab Emirates to experience a temporary slowdown in economic activity during 2026 before returning to stronger growth in 2027, supported by higher oil exports and resilient public finances. In its latest assessment following the annual consultation......

UK economy records modest growth in May as services offset weakness in industry and construction

Britain's economy returned to modest growth in May, supported by continued expansion in the services sector despite weaker performances in manufacturing and construction, according to the latest official economic data. Figures released by the Office for National Statistics (ONS) showed that gross......

South Korea raises 2026 growth forecast to 3% on semiconductor boom

The South Korean government has raised its 2026 economic growth forecast to 3%, citing strong momentum in the semiconductor industry, resilient exports, and expectations of improved global economic conditions. According to the government's updated economic policy for the second half of the year,......

Brazil’s economy expected to maintain moderate growth after presidential election

Brazil’s economy is expected to continue expanding at a moderate pace after the country’s October presidential election, although analysts warn that weaker agricultural production and persistent fiscal pressures could limit stronger growth in the years ahead. A Reuters survey of economists......