Swiss GDP Recovers In Q2

Switzerland’s economy expanded in the second quarter as the relaxation of COVID related measures helped to recover from two straight quarters of contraction, data published by the State Secretariat for Economic Affairs, or SECO, revealed Thursday. Gross domestic economy grew 1.8 percent sequentially, reversing a 0.4 percent fall in the first quarter and a 0.1 […]

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Economy grows 20.1% in Q1, lags pre-COVID level

Gross Value Added during April to June rose 18.8%: NSO. India’s Gross Domestic Product (GDP) grew by 20.1% in the first quarter of 2021-22, compared to the 24.4% contraction recorded in the same quarter a year ago, but economic activity remained well-below pre-pandemic levels thanks to the second wave of COVID-19. Gross Value Added (GVA) […]

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German Economic Recovery Stronger Than Expected

Germany’s economy grew at a faster than expected pace in the second quarter, underpinned by domestic demand, after contracting in the first three months of the year, latest data from Destatis showed Tuesday. Gross domestic product grew a seasonally and calendar-adjusted 1.6 percent from the first quarter, when output decreased 2.0 percent. An increase of […]

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U.S. Economic Growth Falls Well Short Of Estimates In Q2

A report released by the Commerce Department on Thursday showed a significant increase in U.S. gross domestic product in the second quarter of 2021, although the pace of growth fell short of economist estimates. The Commerce Department said real GDP surged up by 6.5 percent in the second quarter following a 6.3 percent jump in […]

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UK GDP Growth Slows More Than Expected In May

The UK economy expanded for the fourth consecutive month in May, albeit at a slower pace and remained below the pre-pandemic levels, data from the Office for National Statistics showed on Friday. Gross domestic product grew 0.8 percent month-on-month in May, but slower than the revised 2 percent growth posted in April and the economists’ […]

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Time to revert to Rs 3.5 lakh as tax exemption limit?

Before 2019, an estimated 22 million individual income-tax returns did not have to pay any taxes.But after the change in the exemption level, another 13 million individual tax returns did not require to pay taxes.Thus, of about 58 million returns, as much as 63 per cent or 35 million went out of the direct tax […]

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German Ifo Business Confidence At 2-Year High

Germany’s business sentiment strengthened to a two-year high in May as the lifting of restrictions related to the Covid-19 boosted expectations among managers, survey data from the ifo Institute revealed on Tuesday. However, data released earlier in the day showed that the largest euro area economy contracted slightly more than initially estimated in the first […]

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Philippine Economy Continues To Contract

The Philippine economy continued to contract in the first quarter as the nation imposed strict restrictions to bring the coronavirus pandemic under control. Gross domestic product fell 4.2 percent in the first quarter from the last year, the Philippine Statistics Authority reported Tuesday. This was slower than the 8.3 percent decline seen in the fourth […]

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