News about economy: events, facts and developments on tafs uz.
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Germany's export-driven economic model is under pressure from China, high energy prices and bureaucracy. Chancellor Friedrich Merz's government presented a program to develop six high-tech sectors, while the Made for Germany initiative estimated investment potential at up to €4.1 trillion by 2035. At the same time, the AfD is leading in polls for the first time.
Javlon TursunovAccording to the Bundesbank, Germany's economy likely did not grow in the third quarter due to rising energy prices, low water levels in the Rhine and weakness in the automotive sector. Annual harmonized inflation accelerated in September to 3.3% from 2.9% in August — the highest since late 2023. The bank expects elevated inflation to persist.
Sevara AzamovaElon Musk, in Walter Isaacson's podcast, suggested that with the development of AI and robotics, conventional money may become unnecessary, and its value will be measured in physical quantities — mass, power, and energy. Space exploration, in his assessment, could expand the economy a millionfold.
Javlon TursunovTesla and SpaceX founder Elon Musk believes the US can solve its record national debt problem only with the help of AI and robots. According to him, the Earth's economy could grow a millionfold, and money would come to be measured in power, mass, and energy. The US national debt, according to the Treasury Department, has approached $40.4 trillion.
Javlon TursunovAccording to the US Treasury Department, on October 19, 2026, the national debt reached $40.396 trillion — almost $400 billion more than when the $40 trillion mark was first crossed on August 19. Growth since late August was about 1%. Analysts suggest the debt could exceed $50 trillion by 2030, and the Congressional Budget Office projects a further increase in the debt burden by 2036.
Otabek YusupovAt the Roche Media Dialogue 2026 in Basel, company executives and researchers stated that investments in healthcare should be viewed as long-term investments rather than expenses. Estimates cited: pharmaceutical innovations accounted for about 40% of the increase in global life expectancy in 1984–2000, migraine costs Germany roughly €100 billion per year, and every dollar invested in preventing non-communicable diseases could yield $7 in returns.
Sevara AzamovaAt the Invest in Germany summit in Berlin, Chancellor Friedrich Merz announced that participants in the Made for Germany initiative have pledged to invest more than €800 billion ($898 billion) by 2028. The investments will cover automation, robotics, defense, quantum computing and other sectors. Merz promised tax incentives, cheap energy and less bureaucracy, citing the IMF's growth forecast of 1.3% for 2026.
Sevara AzamovaIndian Defence Minister Rajnath Singh, at the 25th meeting of the SCO Council of Heads of Government in Dushanbe, called on the organization to turn consensus into practical measures to counter economic instability, strengthen supply chains, and simplify trade.
Javlon TursunovAccording to the Central Bank of Turkey, the country's external assets at the end of August reached $445.2 billion, up 6.1% over the month. Liabilities to non-residents fell by 1.1% to $809.7 billion, and the net international investment position stood at minus $364.5 billion.
Javlon TursunovBBC Verify examines Donald Trump's claims of economic success: GDP is growing faster than IMF forecasts, but inflation has risen to 3.7%, job creation has slowed, and the budget deficit has reached $2 trillion. Tariffs and the war with Iran, economists estimate, have pushed prices up, while the benefits of tax cuts have gone to the wealthiest.
Dilnoza RahimovaThe number of stores damaged during the riots in France has reached 3,000 — twice the estimate given a day earlier. Insurers are not providing loss estimates; markets are falling, government bond yields are rising. The benchmark is the 2023 riots with €793 million in insured losses, while the new riot insurance scheme has not yet come into force.
Otabek YusupovThe Made for Germany alliance of 147 companies and investors presented the Reinventing Growth report: according to its estimates, Germany could attract €2.9–4.1 trillion in investments by 2035 across five strategic areas — from AI to defense. Members of the initiative plan to invest more than €850 billion in 2025–2028.
Dilnoza RahimovaThe government of Bangladesh led by Prime Minister Tarique Rahman has requested a new IMF loan of $4.5 billion and $10 billion from the World Bank over three years, seeking tailored lending terms. Negotiations are ongoing; the previous IMF program was agreed in January 2023 under the government of Sheikh Hasina.
Nilufar KarimovaAccording to China's National Bureau of Statistics, industrial production in September increased 5.5% year-on-year, beating market expectations (5.4%) and accelerating from 5.2% in August. Retail sales grew 1.1% versus a forecast of 0.5%, reaching 4.24 trillion yuan.
Nilufar KarimovaThe BBC analyzed satellite images showing four large vessels, ranging from 50 to 80 meters in length, off the coast of Wonsan near Kim Jong Un's villa between July and mid-October 2026. The largest, an 80-meter ship featuring a 50-meter pool and water slides, has been stationed near the Kalm Peninsula since early July. While North Korea has not officially disclosed ownership, former officials and defectors link such vessels to the leader's family. This display of luxury contrasts sharply with UN reports stating that approximately 40% of the population suffers from malnutrition and that the standard 14-day annual leave is rarely granted to ordinary citizens.
Otabek YusupovJordan's Investment Minister Tareq Abu Ghazala said the country has demonstrated to investors a 'resilient economy' and is becoming a 'safe gateway' for neighboring countries. Amman seeks to turn its €3 billion partnership with the European Union into a major economic opportunity, attracting European investment in energy, infrastructure, technology and logistics.
Nilufar KarimovaThe International Monetary Fund raised its forecast for Uzbekistan's GDP growth for 2026 from 6.8% to 7.8%, and for 2027 from 6% to 6.5%. The updated estimates are provided in a report published on October 12. Forecasts for inflation, unemployment and the current account deficit have also been revised.
Dilnoza RahimovaRussia's broad money base increased by 1.4812 trillion rubles, or 4.7%, in September 2026 to 32.9777 trillion rubles, according to the Bank of Russia. Since the start of the year it has grown 7.5%. The annual growth rate accelerated to 18.5% as of October 1. Cash in the money base rose 1.6% in September and 14.3% since January, with its annual growth reaching 20.9%, the highest since October 2023, while its share in the money base fell to 67.4%. Funds on credit institutions' correspondent accounts rose 38.2%, while their deposits with the Central Bank fell 13.2%.
Dilnoza Rahimova
