Tourism could comprise 10% of Mongolia’s gross domestic product if the country can attract 2 million annual tourists by 2030, the country’s tourism minister told CNBC Wednesday. “We have a big, ambitious kind of goal, which is about 2 million tourists by 2030, which will be around a $4 billion contribution towards our GDP,”…
U.S. President Donald Trump speaks during a rally to mark his 100th day in office, at Macomb Community College in Warren, Michigan, U.S., April 29, 2025. Evelyn Hockstein | Reuters President Donald Trump on Wednesday blamed his predecessor and defended his sweeping tariffs after new data showed the U.S. economy contracting last quarter, while warning…
Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023. Bloomberg | Bloomberg | Getty Images South Korea’s GDP contracted 0.1% in the first quarter of 2025, according to advance figures, marking the first contraction in its economy since the…
Trucks line up at the container terminal in the Longtan Port area of Nanjing Port, Jiangsu province, China on the evening of April 8, 2025. Cfoto | Future Publishing | Getty Images BEIJING — Citi on Tuesday became one of the first investment firms to lower its China growth forecast on escalating trade tensions with…
U.S. President Donald Trump speaks to members of the media aboard Air Force One before landing in West Palm Beach, Florida, U.S., March 28, 2025. Kevin Lamarque | Reuters Policy uncertainty and new sweeping tariffs from the Trump administration are combining to create a stagflationary outlook for the U.S. economy in the latest CNBC Rapid…
Men and women socialize at the end of the day outside The Castle Pub in London, United Kingdom. Robert Nickelsberg | Getty Images News | Getty Images The U.K.’s economy unexpectedly shrank by 0.1% month-on-month in January, official figures showed on Friday. Britain’s Office for National Statistics said the fall was mainly due to a…
TOPSHOT – Customers enter an electronics shop in the Akihabara district of Tokyo on January 12, 2024. Richard A. Brooks | Afp | Getty Images Japan’s economic growth slowed to 2.2% on an annualized basis in the fourth quarter, complicating the central bank’s case for a further interest rate hike in the near term. The…
A customer shops for produce at an H-E-B grocery store on Feb. 12, 2025 in Austin, Texas. Brandon Bell | Getty Images Early economic data for the first quarter of 2025 is pointing towards negative growth, according to a Federal Reserve Bank of Atlanta measure. The central bank’s GDPNow tracker of incoming metrics is indicating…
Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during a news conference in Mumbai, India, on Wednesday, Dec. 11, 2024. India’s newly-appointed central bank governor Malhotra said he will look to uphold stability and continuity in policy in his role. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The…
The Frankfurt skyline at dusk on a November day. Helmut Fricke | Picture Alliance | Getty Images The German economy shrank by 0.2% quarter-on-quarter in the three months ending in December, according to preliminary data released by Germany’s statistics office Destatis on Thursday. The figure is adjusted for price, calendar and seasonal variations. Analysts polled…
