However, by the current growthtrajectory, China’s average economic growth rate is expected to stay at approximately 3.8% over the period between 2020-2035. This makes the GDP per capita growthtarget hard to achieve. Even...
The statement expected the inflation rate in Egypt to reach 8.5 percent by the end of June. It also predicted the economic growth rate of the North African country at 2.7 percent during the 2020-2021 fiscal year if the COVID-19 continues to disrupt the tourism sector, investments and commerc...
China was the only major economy to achieve positive economic growth in 2020. Over the past three years, China's annual average economic growth has reached 4.5%, about 2.5 percentage points higher than the world average growth rate. In 2021, China’s economy expanded 8.1% despite global headwi...
But still the prediction for 2022 is higher than Italy's growth rate of any year between 1979 and 2020, according to data from the World Bank. The strong figures for 2021 and 2022 are mostly due to a rebound from the 8.9-percent contraction in 2020, when the country was hit hard by ...
The forecast for 2023 is 0.2 percentage point lower than the July forecast, the weakest rate since the 2.5 percent growth during the global slowdown of 2001 — with the exception of the growth rates during the global financial c...
Although China's economic growth rate in 2020 is only 2.3%, in the opinion of the researchers at ANBOUND, it is more significant than the 3% rate in 2022. First, 2019 is a normal year, where the base of economic growth is relatively high. Second, due to the impact of the pandemic in...
In setting the target, the need to boost employment and incomes and prevent and defuse risks have been taken into account, and the growth rate is well aligned with the objectives of the 14th Five-Year Plan, according to a government work report awaiting approval by the national legislature. ...
In its latest economic projections released in March, the U.S. central bank cut its forecast of the economic growth for 2019 and 2020, expecting a rate of 2.1 percent and 1.9 percent, respectively. In its new edition of the World Economic Outlook released in April, the International Monetary...
An economic growth rate is the percentage change in the value of all of the goods and services produced in a nation during a specific period of time, as compared to an earlier period.
Four-quarter or year-over-year growth rate: This compares a single quarter’s GDP from two successive years as a percentage. It is often used by businesses to offset the effects of seasonal variations. Annual average growth rate: This is the average of changes in each of the four quarters...