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Tag Archives: GDP

GDP is an outdated way

It cannot measure the health of the economy as it doesn’t reflect the health of people or the planet COMMENT | RADHIKA BALAKRISHNAN | Economics and economic policy need a rethink. This is clear from the scale of inequality, joblessness, insecurity and environmental disasters we see in the world. People feel …

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Uganda to lose 6% GDP to climate change

Poverty to increase as maize, beans are hit Kampala, Uganda | THE INDEPENDENT | Uganda will suffer significant economic loss if global warming is not limited to below 2°C, according to a new study by the Center for Global Development; a Washington D.C based think tank that focuses on international development. …

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Sub-Saharan Africa GDP to double by 2040 to US$4.5trillion

London, England | THE INDEPENDENT | Research from market research company Euromonitor International has forecast the GDP of Sub-Saharan Africa to double by the year 2040 from the 2022 figure of US$ 2 trillion to over USD 4.5 trillion. Euromonitor’s report, Sub-Saharan Africa: A Rising Economic Frontier, looked at the …

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President Museveni to grace the 30-year construction sector activities

The construction and infrastructure sector contribute significantly to Uganda’s Gross Domestic Product (GDP), accounting for 12% Kampala, Uganda | JULIUS BUSINGE | The Uganda National Association of Building and Civil Engineering Contractors (UNABCEC), in collaboration with the Ministry of Works and Transport, is set to commemorate three decades of excellence in …

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German GDP to shrink 0.5 pct in 2023

Berlin, Germany | Xinhua | The real gross domestic product (GDP) of Germany, Europe’s largest economy, is projected to shrink by up to 0.5 percent in 2023, the German Economic Institute (IW) said on Tuesday. The drop is driven by high inflation and interest rates as well as by problems …

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Russia’s GDP up 0.6 pct in first 5 months

Moscow, Russia | XINHUA | Russia’s economy is steadily recovering from the impact of sanctions and other challenges with a GDP growth of 0.6 percent in the first five months of this year, Russian Prime Minister Mikhail Mishustin said late on Tuesday. During a meeting with President Vladimir Putin, Mishustin said …

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