Fashion News

The government deficit:GDP ratio fell from 3.5 per cent in 2023 to 3.1 per cent in 2024 in the euro area, and from 3.5 per cent to 3.2 per cent in the EU.
Twelve states had government debt ratios more than 60 per cent of GDP.
Euro area government expenditure in 2024 was 49.6 per cent of GDP and government revenue was 46.5 per cent.
For the EU, these were 49.2 per cent and 46 per cent respectively.Read More

South Asia’s growth is projected to slow to 5.8 per cent in 2025, down 0.4 ppts from previous forecasts, with risks from global uncertainty and domestic challenges.
India’s growth will slow to 6.3 per cent, while Bangladesh and Pakistan face slower recovery.
The World Bank urges increased domestic revenue mobilisation to strengthen fiscal positions, recommending tax reforms and digital technology.Read More

Jordan’s apparel exports dropped 26.95 per cent in Q1 2025, falling to $393.96 million, with the US accounting for 84.96 per cent of the total share.
Exports to the US decreased by 17.18 per cent.
Jordan’s fabric imports also fell by 39.71 per cent, primarily sourced from China and Taiwan.
The country’s total fabric imports stood at $129.09 million in Q1 2025.Read More

Vietnam’s e-commerce market’s revenue is expected to reach nearly $4.6 billion in Q2 2025—a 15-per cent rise quarter on quarter (QoQ), and product volume is estimated at 1.112 billion items—up by 17 per cent QoQ, financial intelligence firm Metric said.
Over 38,000 online shops on Vietnam’s major e-commerce platforms reported zero orders in Q1, indicating that small-scale vendors are retreating.Read More

The UK has announced a £300 million (~$400 million) investment via Great British Energy to boost offshore wind supply chains, attract global investment, and create jobs.
Part of an £8.3 billion (~$11.07 billion) plan, it complements £43 billion (~$57.33 billion) in private pledges.
The move was detailed in a joint release as leaders gather in London for the Future of Energy Security summit.Read More