The biggest highlight of the report - Guangdong's economic performance in 2023 and plans for 2024. Last year, Guangdong’s GDP hit 13.57 trillion yuan, with an annual growth rate of 4.8%. The growth rate might seem a bit mild for the economic powerhouse, but it’s the first province to...
GDP of China's Guangdong surpasses 13 trillion yuan in 2023 Quick question. Which province in China has the highest GDP for 35 consecutive years? And what’s the first province in the country to cross the 13-trillion yuan GDP threshold? It’s the same answer - South China's Guangdong ...
GDP of China's Guangdong surpasses 13 trillion yuan in 2023 Quick question. Which province in China has the highest GDP for 35 consecutive years? And what’s the first province in the country to cross the 13-trillion yuan GDP threshold? It’s the same answer - South China's Guangdong pro...
The Middle East saw robust growth rates in 2022; Saudi Arabia was the fastest-growing G20 economy, thanks to both strong oil prices and reforms in the domestic economy. GCC growth is likely to slow in 2023 on a smaller contribution from the hydrocarbon sector (given OPEC+ production cuts),...
The UK does not have the excuse of a falling population—quite the reverse—yet, UK GDP also fell. An interesting question is why so many workers moved to the UK (and so many companies increased investment) if the economy weakened? Data quality is an ...
Updated on June 2, 2023: This story was previously published at an earlier date and has been updated with new information Tags: investing, money, deficit and national debt, debt, economy, stock market, Treasury Department, bonds, income investing, Joe Biden, Kevin McCarthy, Mitch McConnell, ...
So at a summary level, economic growth in three of the past four quarters, as revised, was substantially above the 10-year average of about 2.0% GDP growth adjusted for inflation: Q3 2023: +4.4% Q4 2023: +3.2% Q1 2024: +1.6%
was in December 2020, with 3620 RON or 743 EUR (at the conversion rate of that time). In March 2021 it was around 728 EUR, and since I’ve been observing the trends in wages (December 2016), the average salary in Romania this year will probably be something around 3600 RON or 731 ...
Forecasters are often wrong, of course. US growth in 2023 was better than expected. The strength of the labour market has been a constant surprise in many parts of the world. Despite slow growth, UK unemployment is still just 4.2 per cent, while in the US it is even lower at 3.7 per...
While there is no objective basis for saying that one metric is better than the other, GDP is the most popular metric for the overall productivity of a country's economy. GNP was formerly the default measure for a country's economic production but it fell out of favor by the 1990s.1 The...