Over the last 20 years, real GDP growth has averaged 1.4 percent in the first quarter, and 2.6 percent in the subsequent three quarters of the year. In four of the last seven years, the Q1 real GDP growth reading has been the worst of the year. The pattern of first-quarter...
Israel's private consumption expenditure decreased by 0.7 percent in 2023 after an increase of 7.4 percent in 2022. The public consumption expenditure rose by 8.3 percent last year, compared with a slight 0.1 percent increase in the previous year. The report also showed that Israel's goods and ...
Firstly, China's development is an opportunity for the world and also for India.Currently, China is India's largest trading partner. Last year, the total import value of goods in India reached about 670 billion US dollars, with imports from China accounting for about 100 billion US dollars. ...
Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest. Read more ...
dollars. The Chinese GDP has shown remarkable growth over the past years. Upon closer examination of the distribution of GDP across economic sectors, a gradual shift from an economy heavily based on industrial production towards an economy focused on services becomes visible, with the service ...
"Italy is deeply integrated in the European economy," Ignazio Visco said in his address. "Some 60 percent of our imports come from EU countries, which in turn receive 56 percent of our exports. In the last 20 years, partly as result of the Union's enlargement, exports to EU countries ...
has dealt with difficulties in the past few years, especially theunprecedenteddifficulties last year,...
aIn the last twenty-two years of the 20th century, China has transformed itself from a poor, centrally planned economy to a lower middle-income, emerging market economy. With total Gross Domestic Product (GDP) growing at an average annual rate of about nine percent, China’s per capita GDP...
But the premier acknowledged that matching that same growth target that the leadership had set a year earlier—when the country was buoyed by optimism after the lifting of three years of Covid-era restrictions—would be an uphill climb.
PresidentDonald Trumphad an average annual GDP growth rate of 2.3%. While there were no major wars or recessions during Trump’s presidency, he did face the COVID-19 pandemic in 2020, his last year in office. Trump increased spending and cut taxes, while the Fed raised interest rates in ...