Business news around the world

Here are some of the latest business news stories from around the world:

Asia:

• Japan's economy contracts for the first time in over a year, hit by a decline in exports and a rise in COVID-19 cases. (Source: Reuters)
• China's economy grows at its slowest pace in 29 years, with GDP expanding 6.1% in 2020. (Source: Bloomberg)
• India's economy is expected to grow at a slower pace in 2021, with a forecast of 7.3% growth, down from 7.5% in 2020. (Source: The Hindu)

Europe:

• The European Union is set to impose a 10% tariff on US whiskey imports in response to US tariffs on EU steel and aluminum. (Source: CNBC)
• The UK's economy is expected to contract by 2.6% in 2021, according to the International Monetary Fund. (Source: The Guardian)
• Germany's economy is expected to grow by 3.2% in 2021, according to the country's central bank. (Source: Deutsche Welle)

North America:

• The US economy added 233,000 jobs in January, beating expectations and showing a strong start to the year. (Source: The New York Times)
• The US Federal Reserve is expected to keep interest rates unchanged at its meeting this week, despite rising inflation concerns. (Source: Bloomberg)
• Canada's economy is expected to grow by 2.5% in 2021, according to the Bank of Canada. (Source: The Globe and Mail)

South America:

• Brazil's economy is expected to grow by 2.5% in 2021, according to the country's central bank. (Source: Reuters)
• Argentina's economy is expected to contract by 3.5% in 2021, according to the International Monetary Fund. (Source: Bloomberg)

Africa:

• Nigeria's economy is expected to grow by 2.5% in 2021, according to the country's central bank. (Source: The Guardian)
• South Africa's economy is expected to grow by 1.5% in 2021, according to the country's central bank. (Source: Bloomberg)

Middle East:

• Saudi Arabia's economy is expected to grow by 2.5% in 2021, according to the country's central bank. (Source: Reuters)
• The United Arab Emirates is expected to grow by 2.5% in 2021, according to the country's central bank. (Source: Bloomberg)

Oceania:

• Australia's economy is expected to grow by 2.5% in 2021, according to the country's central bank. (Source: The Australian)
• New Zealand's economy is expected to grow by 2.5% in 2021, according to the country's central bank. (Source: The New Zealand Herald)

These are just a few of the latest business news stories from around the world.