"In the next five years, world GDP will grow by 55 trillion U.S. dollars, 70 percent of which will come from the Global South," said UN Trade and Development Secretary-General Rebeca Grynspan at the G20 Summit, noting that this equals the size of the global economy two decades ago whe...
The figure underscored that strong sustainable growth in China is also good for the world economy at large, the IMF official added. "As the global manufacturing hub and the stabilizer of global value chains, China's economic growth is essential to help boost the global economy," Kin Phea, di...
" Ajay Banga, president of the World Bank Group, believed that the challenges facing China's economy are not unique but occurring on a global scale, noting that the path of development is never smooth.
The policy stance is aligned with signals from a tone-setting meeting on Monday of the Political Bureau of the CPC Central Committee.Among a series of positive signals regarding China's economy conveyed at the two key meetings, the most notable is that the meetings urged the implementation of ...
The unemployment rate is the proportion of the labor force that is not employed but could be. The BLS reported an unemployment rate for October 2024 of 4.1%.3 U.S. unemployment data is released on the first Friday of every month.
A report released by the China Academy of Science and Technology Development Strategy shows that China's national innovation index had risen to 10th in the world in 2023, up three places from the year before. It is the only developing country to enter the top 15. ...
The development goals for 2024 are expected to be unveiled in the government work report, which usually includes the country’s targets on gross domestic product (GDP) growth, inflation, the ratio of deficit to GDP, ...
In the modern world, few economies are purely market-based or command-based. Investopedia / Alex Dos Diaz Understanding Economies An economy encompasses all of the activities related to the production, consumption, and trade of goods and services in an entity, whether the entity is a nation or...
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The stronger growth predicted for 2024 is likely to be driven by increased trade in goods closely linked to the business cycle, such as machinery and consumer durables, which tend to recover when economic growth stabilizes. Figures for world GDP growth at market exchange rates, anticipated to be...