Economic Growth
South Korea economy expands 1.8 percent in first quarter
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The Bank of Korea reported on June 9 that real GDP rose 1.8 percent in the first quarter from the previous quarter. This marks the fastest quarterly growth in more than five years.
Minister of Planning Ahmed Rostom presented the FY 2026/27 economic plan to parliament, targeting growth of 5.2-5.4% and total investments of EGP 3.7trn, with private sector contributing the majority.
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Indonesia's economy grew 5.61 percent in Q1 2026, the highest in five years and among G20 nations releasing data, according to BPS. Kadin, officials, and the Finance Minister praised the achievement amid global challenges. Growth was driven by household consumption, government spending, and investment.
Ethiopia's Minister of Transport and Logistics, Dr. Alemu Seme, stated that training for young graduates in the logistics sector is continuing. This program aims to improve service delivery and support economic growth. Backed by the World Bank, it particularly empowers young women through skill development.
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Stakeholders gathered in Abuja for the launch of Lokoja Dialogues, an initiative aimed at enhancing Nigeria's resilience to climate change through better water management. The event highlighted the WEFE nexus approach to address community challenges. Officials emphasized water's role in economic growth and social stability.