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Latest News from BRG and the Global Building Products Industry
Stay informed regarding BRG's latest publications and industry news covering the markets for HVAC equipment, components & controls, bathroom & kitchen products, plumbing, pipes, valves & fittings and thermal insulation.
Malaysia's Economy Surpasses Expectations, but Inflation Risks Loom
Malaysia: Malaysia's economy expanded faster than predicted in the first quarter of 2024, aided by higher household spending and a...
brg_news_room
May 20, 20241 min read
UAE Economy Soars: IMF Forecasts 4% GDP Growth Amid Structural Reforms
UAE: The UAE’s economy is set to thrive in 2024, with the International Monetary Fund (IMF) forecasting a 4% growth in real GDP and...
brg_news_room
May 20, 20241 min read


Unemployment in Australia Increases as More Workers Transition Between Jobs
Australia: Australian unemployment rose higher than predicted as a larger-than-usual cohort of individuals found themselves between jobs,...
brg_news_room
May 16, 20241 min read
Trade-in Programme Boosts Chinese Consumer Spending; Opens Trillion-Yuan Market
China: China's economic planning agency, the National Development and Reform Commission (NDRC), recently met with private companies to...
brg_news_room
May 15, 20241 min read
Major Hotel Brands Gain Traction in Australia
Australia: Australia's hotel industry is experiencing a surge of activity, with major hotel brand groups actively expanding their...
brg_news_room
May 15, 20241 min read
IMF Cautions on Nigeria's Economic Outlook
Nigeria: The International Monetary Fund (IMF) has maintained its forecast of 3.3% economic growth for Nigeria in 2024, reflecting a...
brg_news_room
May 15, 20241 min read
Indonesia Implements Measures to Restrict Imports of Electrical Goods
Indonesia: The Ministry of Industry in Indonesia has introduced a regulation that limits the import of electronic products such as air...
brg_news_room
May 7, 20241 min read
Sri Lanka's Inflation Drops to 2.5% in March
Sri Lanka's consumer price inflation fell to 2.5% in March from 5.1% in February, according to official statistics released on Monday, as...
brg_news_room
Apr 25, 20241 min read
IMF: The Rate of Global Recovery Varies by Location and is Often Slow
Global: The world economy is expected to grow at the same rate of 3.2% in 2024 and 2025 as it did in 2023, according to the baseline...
brg_news_room
Apr 24, 20241 min read
World Bank Revises its Growth Forecast for the Saudi Economy to 5.9%.
RIYADH: In comparison to its previous prognosis, which was 4.2% in January of this year, the World Bank has increased its projection for...
brg_news_room
Apr 17, 20241 min read
Chinese economy to moderate in 2024: ADB
CHINA: In the midst of a recovery in household consumption, ongoing property market adjustment, and sluggish external demand, the Chinese...
brg_news_room
Apr 16, 20241 min read
Italy Lowers Growth Forecast to 1% in 2024
Italy: The government of Italian Prime Minister Giorgia Meloni reduced its economic growth forecast for this year from 1.2 percent to 1.0...
brg_news_room
Apr 10, 20241 min read
China's Decreasing Exports to EU and US Indicate Western Economic Decline
China's foreign trade in goods increased by 8.7% in the first two months of the year, with exports growing by 10.3% and imports by 6.7%...
brg_news_room
Apr 9, 20241 min read
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