Price-adjusted gross domestic product declined by 0.2 percent. This follows a 0.3-percent contraction in 2023. On Wednesday, the Federal Statistical Office published a report showing that Germany’s economy shrank for the second year in a row in 2024, heightening concerns about the recovery prospects of Europe’s largest economy amid persistent struggles. RELATED: Germany and the […]

The Chinese gross domestic product is expected to pass the mark of US$18 trillion in 2024. On Tuesday, Chinese President Xi Jinping called for the nation to remain confident in the coming year, saying the world’s second largest economy can overcome its challenges and pressure through hard work. RELATED: Jimmy Carter Was a Key Promoter […]

The budget project comes amid favorable expectations for the Venezuelan economy On Tuesday, Venezuelan Vice President Delcy Rodriguez presented the 2025 Economic and Financial Budget Bill to the National Assembly (AN). The proposed budget amounts to $22.6 billion, with 77.7% of this total allocated to social investment. RELATED: Venezuela and Equatorial Guinea Discuss Strategic Agreements […]

According to the latest World Economic Outlook report, Germany’s economy is projected to grow by 0.2 percent in 2024. On Thursday, the Federal Statistical Office reported a 0.1 percent decline in the gross domestic product (GDP) for the second quarter, which marked a persisting economic stagnation amid high inflation, elevated interest rates, and weak export […]

The Communist Party will implement policies to support innovation in traditional and emerging industries. China has proposed institutional reforms to foster new quality productive forces in a newly released resolution that experts say will give a forceful boost to innovation. RELATED: China-Russia Joint Maritime Exercise Concludes Last week, in the resolution adopted at the third […]

Authorities recorded 1,097,595 international arrivals, which represents an increase of 202 percent compared to 2023. On Tuesday, the Venezuelan Tourism Ministry published a report showing that international arrivals to this South American country tripled in the first half of the year compared to the same period in 2023. RELATED: President Maduro Affirms That Venezuela Is […]

During a meeting with businessmen, he confirmed that the new economic model will continues to enhance domestic production. On Saturday, Venezuelan President Nicolas Maduro had a meeting with businesswomen and businessmen as part of the National Productive Economy Council, which took place at the Bolivar Square Convention Center in La Carlota. RELATED: President Maduro: In […]

The country’s economic diversification takes place despite the existence of 930 U.S. sanctions. On Wednesday, Venezuelan President Nicolas Maduro held a meeting with the National Council of Productive Economy in the state of Apure, where he highlighted the growth and diversification of the national economy despite the existence of 930 imperialist sanctions. RELATED: Russia Has […]

On Saturday, President Maduro stated that the Venezuelan economy has been growing year after year and slowing inflation. On Friday, the Venezuelan Central Bank (BCV) published a report showing that accumulated inflation between January and May reached 7.8 percent, the lowest figure for that period in the last 12 years. RELATED: Venezuelan Social Housing Program […]

On Tuesday, Venezuelan President Nicolas Maduro inaugurated several projects in the state of Delta Amacuro, where he reiterated that the Bolivarian Revolution will not surrender. RELATED: Venezuela Cancels the Invitation to EU Observation Mission One of the inaugurated projects was the National Experimental University of the Armed Forces (UNEFA) in the municipality of Tucupita. This […]