US economic growth for the second quarter of 2025 was 3.3 %, slightly above the 3.1 % forecast.

This data confirms that the country’s Gross Domestic Product growth was revised upward for the April-June period, according to the Bureau of Economic Analysis (BEA).

The agency stated: “Real GDP was revised upward by 0.3 percentage points relative to the advance estimate, primarily reflecting upward revisions in investment and consumer spending, which were partially offset by a downward revision in government spending and an upward revision in imports,” the BEA explained.

On the other hand, the Dollar Index also showed a slight recovery from the session’s lows following the GDP report.

This slight economic growth occurs in a context that had caused analysts to doubt the nation’s strengths due to the “uncertain global environment and trade tensions that have shaped the recent economic outlook.” However, it has been noted that “consumption and investment remain key drivers of growth in the United States.”

M.Pino

Source: alcontacto.com.mx

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La entrada US economy grew 3.3 % in the second quarter apareció primero en Bitfinance.

Nicolás Maduro, President of Venezuela, indicated last week that the country could close out 2025 with a 9 % GDP growth rate.

The president’s projection is based on the expansion the nation registered during the second quarter of this year, which stood at 6.65 %.

Maduro stated: “I hope that the remaining quarters will consolidate at least 9 % GDP growth, with full supply from domestic production, job creation, and the emergence of entrepreneurship.”

The president of the South American nation emphasized that the economic recovery of the previous quarters was due to the activation of “virtuous cycles within the national economy” and added that “sectors such as commerce, services, tourism, and construction have been the main drivers of this trend.”

M.Pino

Source: finanzasdigital

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La entrada Venezuelan president projects 9 % GDP growth in 2025 apareció primero en Bitfinance.

Peru’s Minister of Economy and Finance, José Arista, indicated this week that the country could close 2024 with 4 % economic growth and a Gross Domestic Product of 3.2 %.

The projection is based on the growth, although uneven, of other sectors, such as “fishing, agriculture, mining and construction, whose progress will stand out in the last quarter of the year.”

The minister has underlined the confidence of the authorities towards the positive performance of the national economy as a whole for 2025 and noted that in 2024 business expectations changed for the better. “Before, the investment rate was negative and this 2024 it would grow 2 %.”

“For next year we think it will increase by more than 5 %, that is, about US$ 50,000 million of private investment,” he said.

M.Pino

Source: americaeconomia

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La entrada Peru expects to close 2024 with 4 % economic growth apareció primero en Bitfinance.

In its World Economic Outlook report, the International Monetary Fund maintains Venezuela’s economic growth projection for 2025 at 3 %.

Although the organization has lowered estimates of growth in the Gross Domestic Product at the end of 2024, it expects the projection of the report released on Tuesday, November 26, to be met next year.

The IMF declined to give further details about the country’s economic growth. However, it mentioned inflation of 60 % at the end of 2024, well below the 169% estimated in April thanks, among other factors, to the inflationary slowdown that Venezuela has been experiencing.

The organization does not expect this trend to continue next year and projects an almost identical variation of 60.1 %.

M.Pino

Source: economiahoy

(Reference image source: Aaron Lefler on Unsplash)

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La entrada IMF maintains growth forecast for Venezuela in 2025 apareció primero en Bitfinance.

Germany’s Federal Statistical Office (Destatis) confirmed the 0.1 % contraction of Gross Domestic Product in the second quarter of 2024.

Ruth Brand, president of Destatis, noted that this contraction comes after a slight increase of 0.2 % in the previous quarter.

Analysts, including the Federal Bank, point out that despite having avoided recession, Europe’s largest economy has not managed to maintain economic expansion.

In a context marked by the high cost of energy, “the rise in credit costs, weak domestic demand and difficulties in international trade,” the German export industry has not been able to take off and give the country a boost.

However, despite the weakness in sectors such as constriction and lack of labor, the Bundesbank remains confident in a slight expansion until September.

M.Pino

With information from international media

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La entrada Germany confirms GDP contraction of 0.1 % apareció primero en Bitfinance.

In the period from January to November last year, Brazil experienced a 36% decrease in Foreign Direct Investment (FDI), reaching 52.716 million dollars, according to data from the Central Bank. Equity holdings fell by 22.8%, while lending operations between parent companies and subsidiaries plummeted by 85.6% compared to the same period in 2022.

Despite these figures, foreign direct investment in November showed a rebound of 2.6% compared to the same month of the previous year, reaching 7.78 billion dollars, according to the issuing body.

In the last 12 months to November 2023, FDI totalled $57.7 billion, representing 2.68% of Gross Domestic Product (GDP), down from 4.01% in the immediately preceding period.

The country ‘ s international reserves increased by $8.2 billion from October 2023 to $348.4 billion for that month.

Despite economic growth of 3% in 2023, according to financial market forecasts, a sharp slowdown is expected in 2024, with GDP expansion limited to 1.5%.

K. Tovar

Source: Bancaynegocios

(Reference image source: @MundoEConflicto, X)

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La entrada Investment in Brazil fell 36% between January and November apareció primero en Bitfinance.

The Brazilian Economic Activity Index (IBC) grew by 2.9 % in 2022, which is interpreted as the advance data of the Gross Domestic Product (GDP) of Brazil, which will be released in early March by the Brazilian Institute of Geography and Statistics (IBGE).

As reported by the Central Bank of Brazil, this data is lower than that registered in 2021, when economic activity experienced growth of 4.68 %. Despite this slowdown, the Brazilian economy expanded by 0.29 % in December compared to November.

Regarding the fourth quarter, the economy suffered a fall of 1.46 % compared to the previous quarter, although it grew by 2.05 % in interannual terms.

According to the Economic Commission for Latin America and the Caribbean (Cepal), the Brazilian economy would have grown by 2.9 % in 2022, while the International Monetary Fund forecasts that the expansion was 3.1 %.

Source: dpa

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La entrada Brazil’s economy grew 2.9% in 2022 apareció primero en Bitfinance.

China’s Gross Domestic Product (GDP) registered a growth of 3.9 % in the third quarter compared to the same period of the previous year, as well as in relation to the second quarter of the year, according to data published by the National Bureau of Statistics (ONE).

In this way, the year-on-year rate of expansion of the world’s second-largest economy exceeded expectations, which pointed to growth of 3.3 %, after GDP expansion of 0.4 % in the second quarter of 2022 and 4 .8 % in the first three months of the year.

In the first nine months of 2022, China’s GDP reached a value of 87 trillion yuan, which represents a year-on-year growth of 3 %, against the target for the whole year of 5.5 %.

The International Monetary Fund (IMF) forecasts that China’s economy will expand by just 3.2 % in 2022, which would be the slowest rate since the 1980s, excluding 2.4 % in 2020, when the coronavirus pandemic Covid-19 weighed on growth.

The Chinese primary sector grew in the first nine months of 2022 at an annual rate of 4.2 %, while industry expanded by 3.9 % and the services sector by 2.3 %.

The National Bureau of Statistics of China announced last week the postponement of the publication of the Asian giant’s GDP figures for the third quarter of the year to coincide with the celebration of the XX National Congress of the Communist Party of China (PCCh).

K. Tovar

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Source: Yahoo News

La entrada China’s GDP grew by 3.9 % apareció primero en Bitfinance.

The Gross Domestic Product (GDP) of the European Union (EU) grew at a rate of 2 % in the second quarter of the year compared to the first three months of 2021, when it had suffered a contraction of 0.3 %, according to the new estimate of the data published by the community statistical office, Eurostat.

The eurozone thus exceeded the growth rate registered by the United States economy in the second quarter, which between April and June expanded at a rate of 1.6 %, after having grown by 1.5 % in the first quarter of the year, although it was far from the 4.8 % observed in the United Kingdom.

In the European Union as a whole, economic activity rebounded by 1.9 % between April and June, after registering a decline of 0.1% in the first quarter.

Thus, compared to the same quarter of 2020, the euro zone economy rebounded by 13.6 % year-on-year, while the GDP of the EU as a whole grew by 13.2 %.

Among the EU Member States for which data were available for the second quarter of 2021, Portugal (+ 4.9 %) recorded the largest increase in activity compared to the previous quarter, followed by Austria (+4, 3 %) and Latvia (+ 3.7 %), while Cyprus (+ 0.2 %), Lithuania and Bulgaria (+ 0.4 % both) registered the lowest growth.

K. Tovar

Source: El Confidencial

La entrada GDP of the European Union presented growth of 2 % apareció primero en Bitfinance.

Germany’s gross domestic product (GDP) declined 1.7 % year-on-year in the first quarter of 2021, the Federal Statistical Office (Destatis) announced today. The figure stops the growth trend registered in the last two quarters, taking into account that in the last quarter of 2020 the German GDP increased by 0.5 % and in the third quarter of the same year the rise was 8.7 %.

The restrictions approved by the German government to stop coronavirus infections have caused difficulties for both the industrial sector and for hotels and commerce, whose associations have a wave of bankruptcies due to the crisis.

The end of the value added tax (VAT) reduction also had an effect in this initial quarter of the year, as consumers advanced their purchases to the second quarter of 2020 with the aim of benefiting from said reduction.

For their part, orders to German industry increased for the tenth consecutive month in February, bringing them closer to the levels prior to the crisis caused by the pandemic. In important foreign markets, such as China and the United States, the demand for “Made in Germany” products also grew.

The German government on Tuesday raised its forecast for growth of gross domestic product to 3.5 % for this year, compared to previous forecasts that placed it at 3.0 %. “This is the year when the turning point will take place,” said German Economy Minister Peter Altmaier. “We will not only halt the downturn in the economy, we will reverse it. We will have regained our old strength by 2022 at the latest,” he added.

Source: dpa

La entrada German economy contracts 1.7 % in 2021 apareció primero en Bitfinance.