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European GDP growth in 2023 should come in at 1.0 per cent, up slightly from 0.9 per cent in the April forecast, while growth in 2024 should be 1.4 per cent, down from 1.8 per cent previously. Finally, output in the Commonwealth of Independent States (CIS) region is expected be stronger...
GDP: Forecasters have been revising their economic projections downward in recent weeks. The latest was World Bank, which now sees global growth declining to 1.7% in 2023, down from 3% just six months ago. Most of the predictions in our database see global economic growth in the range of ...
In 2023, Guangzhou is set to break through the 3 trillion yuan mark in its annual regional GDP. That's a big deal for the city, like a major milestone. Now, what does 3 trillion yuan even mean?That means, Guangzhou, just one city, is rocking a GDP that beats out most global ...
The good news is that many economic parameters like GDP growth, inflation, and market performance are in a far better place than they were in 2022, giving us room for cautious optimism that can very well lead to an increase in app install ad spend budgets in 2024. ...
China’s recent post-COVID-19 reopening is driving a consumer rebound, supporting regional and global growth. We expect China’s economy to grow 5.8 per cent in 2023, up from 3.0 per cent in 2022. Household consumption is likely to contribute 4-4.5ppt to this year’s GDP growth, up fro...
Consumption was a significant growth driver in China last year. In 2023, the total domestic retail sales of consumer goods reached 47.15 trillion yuan ($6.57 trillion), up 7.2 percent on the previous year. Final consumption contributed 82.5 percent to the country’s GDP growth. ...
Final consumption contributed 82.5 percent to the country's GDP growth in 2023, up 43.1 percentage points from 2022. Digital consumption, health-related consumption, nightlife and new energy vehicles are mentioned frequently in local government goals for the year ahead. Municipalities including Beijing...
As noted above, macroeconomics is the study of the big picture and that picture is incomplete without a set ofeconomic indicators. These are some of the most closely watched of those indicators. Gross Domestic Product (GDP) Gross domestic product (GDP)is the total value of all of the complet...
GDP is themost basic indicatorto measure the overall health and size of a country's economy. This metric counts the overall market value of the goods and services produced domestically by a country. GDP is an important figure because it gives an idea of whether the economy is growing or con...