The World Bank's latest forecast has upgraded China's economic growth projection to 5.1 percent this year, compared with 4.3 percent in January, according to the bank's latest East Asia and Pacific Economic Update. According to the report, thanks to China's continuous opening-up and a signifi...
KUALA LUMPUR, June 13 (Xinhua) -- The World Bank on Monday maintained Malaysia's economic growth forecast this year at 5.5 percent. The growth is mainly driven by a robust rebound in consumption demand, World Bank said in a report. According to the Washington-based bank, Malaysia's private...
On June 6th local time, the World Bank stated in its latest Global Economic Outlook report that it had raised China's economic growth forecast for 2023 to 5.6%, a significant increase from the 4.3% reported in the Global Economic Outlook in January and the 5.1% reported in the East Asia ...
ULAN BATOR, April 5 (Xinhua) -- The World Bank has lowered Mongolia's gross domestic product (GDP) growth forecast for 2022 to 2.5 percent from a 5.2-percent forecast in October 2021, according to a World Bank report released on Tuesday. In a downside scenario, Mongolia's economic growth ...
The World Bank forecast global growth of 2.7% in both 2025 and 2026, a level well below the 3.1% global average in the decade prior to COVID-19. It also is forecasting that interest rates in the next three years will remain double their 2000-2019 average, keeping a brake on growth and...
necessarilyreflecttheviewsoftheExecutiveDirectorsoftheWorldBankortheChinesegovernment.QuestionsandfeedbackcanbeaddressedtoTianshuChen(tchen@). TableofContents ExecutiveSummary 1 I.RecentEconomicDevelopments 6 FavorableexternaldemanddroveChina’sgrowthperformanceinearly2024 6...
More perspectives using World Economics data US Sales and Market Growth Indexes Stay Positive Further signs of a setback in US Business Confidence are shown in the release of the September data from the Sales Managers Index. After a relatively buoyant series of index readings in the second quarter...
“Global growth is slowing, and the risks are rising,” Ayhan Kose, the World Bank economist who oversees forecasts, said in an interview. “In 2017, the global economy was pretty much firing on all cylinders. In 2018, the engines started sputtering.” The bank left its forecast for the...
China’s entry to the World Trade Organization, and the Qualified Foreign Institutional Investor (QFII) program – which let foreign investors participate in the PRC’s stock exchanges – contributed to the country’s economic growth. A Flourish data visualization ...
Meanwhile, as structural problems in the Belarusian economy remain, the potential for accelerating economic growth is limited, the the World Bank noted. Currently, it is extremely important for Belarus to increase the size of the private sector, reduce the size of the public sector and strengthen...