China's economy reached its annual growth target for 2024, with gross domestic product (GDP) expanding 5 percent year on year to reach 134.9084 trillion yuan ($18.77 trillion), according to data released by the National Bureau of Statistics (NBS) at a press conference on January 17. In the...
BRASILIA, Feb. 27 (Xinhua) -- Brazil's financial market upgraded its forecast for the country's economic growth in 2024 from 1.68 percent to 1.75 percent, and maintained its 2025 projection at 2 percent, the Central Bank of Brazil said Tuesday. According to the bank's weekly Focus survey ...
Shantanu Mukherjee (L), director of the Economic Analysis and Policy Division of the UN Department of Economic and Social Affairs, speaks at the launch of the UN World Economic Situation and Prospects 2024 report at the UN Headquarters in New York, on Jan. 4, 2024. Global economic growth is...
Notably, China's import growth has provided significant support to many developing countries. By granting zero-tariff treatment in 2024 to 100 percent of tax lines for all least-developed countries with diplomatic ties to China, China has demonstrated its commitment to fostering global economic develo...
Results suggest that the policy shift has gained traction. Fixed-asset investment went up 4.2 percent year on year in the first quarter, 1 percentage point higher than the full-year growth rate of 2024. Infrastructure i...
This year’s‘Two Sessions’—the National People’s Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC) — as well as theChina Development Forum(CDF) will guideChina’s economic growthand provide...
The U.N. projected last January that 2024 global economic growth would be 2.4%. It said Thursday that the rate was estimated to have been higher, at 2.8%. Both remain below the 3% rate that the world saw before the COVID-19 pandemic started in 2020. European growth this year is p...
Inflation will continue to play an outsized role. Aggregate EM average inflation for 2024 is forecast at 7.6%, but results will differ by country. Inflation is declining in parts of Asia and Latin America, but renewed food and energy price pressures may slow that decline. In Central...
Bulgaria records 2.8% economic growth in 2024 Bulgaria’s economy grew by 2.8 per cent last year, based on preliminary data, the country’s National Statistics Institute (NSI) said on March 7. In real terms, gross domestic product (GDP) in 2024 was 202.9 billion leva in current prices, ...
China's central bank has employed a multi-pronged approach to support economic growth in 2024, which experts say has effectively supported the real economy. The People's Bank of China (PBOC) cuts the reserve requirement ratio twice, releasing approximately 2 trillion yuan ($274 billion) in liqu...