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IMF cuts Spain's growth forecast to 2.1% due to Iran war
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The International Monetary Fund has cut its growth forecast for Spain's economy by two tenths, to 2.1% in 2026 and 1.8% in 2027, due to the Middle East conflict. The organization attributes the adjustment mainly to rising oil and gas prices. It recommends eliminating rent controls and taking stronger action on housing.
The Bank of France has cut its GDP growth forecasts to 0.9% for 2026 and 0.8% for 2027 due to surging energy prices from the Middle East conflict. This adjustment is based on a main scenario of temporary hydrocarbon price increases. The bank also expects inflation at 1.7% this year.
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Chile's Centro de Estudios Públicos (CEP) assessed Finance Minister Jorge Quiroz's three key goals for the José Antonio Kast administration: 4% growth, 6% unemployment, and fiscal balance by term's end. Researchers Rodrigo Vergara and Jorge Rodríguez call them ambitious yet feasible, citing past achievements.
At the World Economic Forum in Davos, global experts discussed India's robust growth rate, deepening reforms, and key challenges in a panel session. Organized with the India Today Group, participants including Gita Gopinath, Sunil Mittal, Ashwini Vaishnaw, and IKEA's CEO shared insights on India's goal to become a developed nation by 2047. They highlighted digital infrastructure, labor reforms, and obstacles like pollution.
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China's National Bureau of Statistics announced on Monday that the country's gross domestic product grew 5 percent in 2025 to reach 14.02 trillion yuan, meeting the government's target of around 5 percent. Despite a slowdown to a three-year low of 4.5 percent in the fourth quarter, the economy remained steady amid the US trade war.
Finance Minister Purbaya Yudhi Sadewa stated that Indonesia's economic growth in Q3-2025 reached 5.04 percent, supported by domestic demand, exports, investment, and government spending. He emphasized that this growth has been maintained at 5 percent since 2023 post-pandemic. The statement was made at the APBN KITA press conference on November 20, 2025.
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Statistics Indonesia (BPS) reported a 5.04 percent year-on-year economic growth for the third quarter of 2025. This figure exceeds the 4.95 percent from the same period last year and surpasses China and Singapore. Household consumption continued as a key driver amid global uncertainties.
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