The size of funds that invest in real estate and nontraditional assets has topped the 100 trillion-won ($89 billion) mark as investors poured money into alternative vehicles seeking stable returns, industry data showed on Sunday.
Germany once again helped the 19-country eurozone eke out steady economic growth in the first quarter of the year. The hope is now that others, such as France and Italy, will start to pull their weight more and push growth even higher this year.
The German government has slightly raised its growth forecasts for Europe's biggest economy for this year and next due to increased optimism about rising global demand, two senior government officials told Reuters on Tuesday.
Iran's GDP growth stood at 6.4 percent in 2016, largely as a result of the oil sector's bounce back, both in production and exports, following the removal of sanctions in January 2016 through the JCPOA, World Bank reported.
European Union finance ministers admitted on Saturday that the world's 20 biggest economies (G20) will miss their target of generating additional economic growth through reforms by 2018 and called for reflection on why they have failed.
Iran's economic growth registered an 11.6-percent growth in the nine months from March 20, 2016 to December 20, 2016 indicating over eight percent growth year-on-year to stand on top of the list of world economic powers in terms of annual economic growth, said economic analyst and lecturer at Shahid Beheshti University Saeed Leilaz on Wednesday.
Japan's economy expanded 1.0 percent in 2016 as a bump in exports and capital investment offset weak spending at home, data showed on Monday, although it was unlikely to erase concerns about Tokyo's faltering war on deflation.