Remarkably, it is often the policies that governments fail to implement—rather than the counterproductive ones that are put in place—that can be the most damaging to economic growth. By providing greater economic freedom today, governments can improve educational opportunities and their citizens’ ...
BRASILIA, March 1 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva said on Friday that the 2.9 percent growth of the country's economy in 2023 was much higher than the 0.9 percent forecasted by financial market analysts at the beginning of last year. The official GDP result was re...
China's stepped-up fiscal policies are emerging as a pillar in its efforts to stabilize the economy, offering much-needed support to sectors under financial strain and helping the world's second-largest economy weather pe...
east China’s Jiangsu province responded to risks and challenges in 2023 by carrying out supply policy reform, cultivating new growth engines, and helping more enterprises to undergo digital transformation so as to have promoted the continuous improvement of the province's economy. ...
In 2024, the national Producer Price Index (PPI) declined 2.2 percent year on year, less than the 3-percent drop in 2023. Xu said that the negative growth of PPI, a gauge of industrial product demand, was caused by weak demand in global and domestic markets, making it a key problem to...
Notably, China's National Bureau of Statistics revealed that retail sales of consumer goods, a major indicator of the country's consumption strength, had expanded 5.1 percent year on year in China in April. "As such, we have raised our Q2 GDP growth forecast from 3.7 percent year on year ...
Real GDP Growth by Country Comparisoncountry/region Last Frequency Range Albania (%) 4.7 Dec 2022 quarterly Mar 2010 - Dec 2022 Algeria (%) 2.0 Sep 2024 quarterly Mar 2000 - Sep 2024 Argentina (%) 1.2 Mar 2023 quarterly Mar 2005 - Mar 2023 Armenia (%) 12.1 Mar 2023 quarterly Mar...
BRASILIA, March 6 (Xinhua) -- Brazil's financial market slightly upgraded its economic growth forecast for 2023, from 0.84 percent to 0.85 percent, the Central Bank of Brazil said Monday. It was the third time in a row that top financial analysts surveyed by the bank for its weekly report...
The International Monetary Fund (IMF) raised its global growth outlook for 2023 on May 26. The IMF said it expects the global economy to grow 2.9% in 2023, an improvement from the 2.7% it forecast in October last year. More popular news ...
China’s mainland provinces have released their GDP growth targets for 2024 alongside their GDP data and performance for 2023.