RIGA - Latvia will allocate 3.5 percent of its gross domestic product (GDP) to direct military spending, while 1.5 percent of GDP will be allocated to areas such as cyber security, civil protection ...

The Council today opened a new excessive deficit procedure (EDP) concerning Austria, and revised Romania’s net expenditure path, in view of its lack of effective action.

The EU’s fiscal rules limit how much member states’ governments can spend. That’s why the EU is allowing additional budgetary ...

This paper analyzes the potential economic impact of a renewed India-Pakistan war by synthesizing historical data from previous conflicts and examining current economic vulnerabilities in both ...

Investment and consumption are domestic drivers that help stabilize economic growth, but their functions differ. Investment ...

Nigeria’s fiscal outlook for 2025 is under serious threat, according to the International Monetary Fund, which has warned that the country must urgently revise its budget targets or face a deepening ...

President Trump has long pushed the European allies to be more self-sufficient on defense, relying less on American protection. NATO committed to a major increase over the next decade.

Description topics Expenditure approach to GDP The way GDP is formed by underlying components in the so-called expenditure approach. In this approach the components are consumption by households, ...

India’s GDP growth in the final quarter of 2024-25 was a dramatic 7.4%. The growth in GVA, which is what counts for creating jobs and putting income in the hands of people, was a more modest 6.8%.

GDP growth in FY25 was 6.5%, the lowest in four years, but in line with the second advance estimate given by the government in February. However, the current year may prove even more challenging ...

While China is reportedly the world’s second-largest defence spender after the US, Beijing’s purported defence expenditure typically does not exceed 1.5 per cent of its GDP, compared with the ...

The Institute added that the expenditure approach to GDP, which bases its calculation in final consumption, investments, exports and imports, “indicated a real growth in a number of sectors in 2024.