News about economic growth: events, facts and developments on tafs uz.
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South African Finance Minister Enoch Godongwana announced a temporary cut in the fuel levy from 4 November to 1 December: by 3 rand per litre of diesel and 1.50 rand per litre of petrol. The measure will cost 10 billion rand in forgone revenue. The 2026 economic growth forecast has been lowered from 1.6% to 1.2%.
Javlon TursunovThe Ifo Institute linked Europe's weak economic growth to an innovation deficit — a 'medium-tech trap'. In Germany, R&D is concentrated in mechanical engineering and the automotive industry, whereas in the US and China it is in high-tech sectors. The authors call for reforming innovation conditions rather than simply increasing spending.
Sevara AzamovaIn the third quarter, China's GDP grew 4.5% year-on-year and 1.2% quarter-on-quarter, beating forecasts. Growth over the first nine months — 4.6% — falls within Beijing's target range of 4.5–5%. Strong export performance, linked to the AI and technology sector, is offsetting weak domestic demand, while expectations of large-scale stimulus have declined.
Nilufar KarimovaTurkish Vice President Cevdet Yilmaz presented the 2027 budget draft: economic growth is expected at 4.2% versus 3.3% in 2026, inflation should fall to 21%, and the budget deficit is set at 3.5% of GDP. Expenditures are planned at 27.276 trillion liras, revenues at 23.408 trillion liras.
Nilufar Karimova
