Central banks, meanwhile, will have room to reduce interest rates if they’re concerned about the economy slowing. “This is an important insurance policy against a recession,” Goldman Sachs Research Chief Eco
China’s green economy will boost growth in 2024 and 2025. In 2023 the clean energy sector emerged as a key driver of gross domestic product (GDP) growth, as government policy pivoted to making China the global powerhouse...
Cai further interpreted that as the Chinese economy makes good progress towards its 2024 goals, the internationalization of the RMB will continue to accelerate. The rising position of the RMB in global trade and financial markets promotes the diversification of the global payment system and reduces t...
The week’s economic reports will show whether recent readings were signs of a strengthening economy in the year ahead.
In his report on government work, which opened this year's annual session of the National People's Congress, Premier Li Qiang introduced the hard-won achievements of 2024 and set a practical government agenda for 2025. Despite the external pressures and internal difficulties, the economy made ste...
In 2023, the global recovery remains slow with growing regional divergences. As major central banks may begin to cut rates this year, will the global economy perform better? What does 2024 have in store for the economy? Brian Coulton, Chief Economist of Fitch Ratings, in the insightful intervi...
While the first few months of 2024 may still be challenging as the economy contends with the aftereffects of high inflation, the fundamentals are slowly improving. Overall inflation is expected to stabilize around 2 percent, with food inflation slightly below in the short to medium term. Real ...
There is an emerging political consensus in the UK that greater devolution of spending powers will bring benefits in terms of reducing economic disparities between regions, enhancing social cohesion, and improving the economy's prospects for productivity, growth and the transition to net zero. The ...
Global economy in 2024 will look a lot like 2023 SFC Markets and Finance: Looking ahead, how do you think about the global economy in 2024? Thomas J. Sargent: For better or worse, I think it will look a lot like 2023. That's a pretty good answer most of the time. I'm being hon...
help the country achieve energy independence and unlock investment in energy infrastructure. A Bill will be introduced to support sustainable aviation fuel production. My Government recognises the need to improve water quality and a Bill will be introduced to strengthen the powers of the water ...