Cosmetics retail sale grew 5.1 percent year-over-year to reach 414.2 billion renminbi, or $58 billion, in 2023. NBS also resumed publishing youth unemployment rate after suspending the release last summer, citing a need to reassess calculation methods. According to data released last July, 21 pe...
According to official data, the year-on-year inflation in the Philippines eased to 3.9 percent in December 2023, bringing the full-year average inflation rate to 6 percent. The unemployment rate fell to 3.6 percent in November, the lowest since April 2005. The Philippines is back in business ...
when GDP fell at a 0.6% rate. That was the second straight quarter of negative growth, meeting the technical definition of a recession. However, the National Bureau of Economic Research is the official arbiter of expansion and contractions, and few expect it to call the period a recession. ...
For 2023, the government last month set a modest growth target of "around 5%." On pace to exceed target Goldman Sachs said China's first-quarter growth of 4.5% supports the firm's full-year outlook for the economy to grow 6%. "Today's data are in line with our full-year bullish vie...
Retail sales of consumer goods climbed 5.5 percent year on year in the period as people increased their spending during the Spring Festival holiday. Fixed-asset investment grew 4.2 percent year on year, with that rate being 1.2 percentage points higher than the 2023 full-year growth rate. ...
As a result, net export, the third "horse" driving GDP growth, contributed negative 1.2 percentage points to GDP growth during Q4, in sharp contrast to the positive 1.1 percentage points contribution during Q2. Net export will have a vital bearing on the total GDP growth rate for 2023.Pr...
The Philippines ended 2023 on a high note, being the fastest growing economy across Southeast Asia with a growth rate of 5.6 percent—just shy of the government's target of 6.0 to 7.0 percent.1 Should projections hold, the Philippines is expected to, once again, show significant growth in ...
"If the growth rate of consumption in 2024 is lower than that in 2023, achieving a 5 percent GDP growth may require double-digit growth in infrastructure investment," he said. Yu said that China should set an annual growth target of at leas...
Guyana registered the world's highest real GDP growth rate in 2022, with its national output 62.4% higher. Driven by its booming oil sector, the economy is set to expand by 27.2% in 2023 and 34.2% next year — consolidating the country as the world's fastest-growing economy in 2024. ...