The World Bank raised its prediction on China's GDP growth rate by 0.3 percentage points to 4.8 percent for 2024 in its latest China Economic Update released on Friday. The bank said the upward revision of 0.3 percentage points from its...
The World Bank published its latest China Economic Update on Thursday, revising its forecast for China's 2024 economic growth upward to 4.9 percent, a 0.1 percentage point increase from its June prediction. The revision reflects the effect of recent policy easing and near-term export strength, ac...
Led by higher consumption and a quicker-than-expected recovery in exports, the World Bank raised its growth prediction for China, with the country helping to boost the outlook for the East Asia-Pacific, with regional GDP expected to grow by 7.4 percent. The report warned the pandemic may “...
WASHINGTON (Reuters) - The World Bank on Thursday lifted its 2023 economic growth forecast for eastern Europe and central Asia to 1.4% from an earlier 0.1% prediction, citing improved outlooks for both Russia and Ukraine despite their ongoing war. The regional fore...
The World Bank maintained its prediction for Chinese economic growth at 6.2 percent in 2019, despite increasing global uncertainties, because the world's second-largest economy has remained resilient, an updated report said on Friday. "In an external environment that has become less favorable due to...
Birgit Hansl, World Bank manager for Thailandpointed out this week, while the Thai government had planned to spend 8-13% of the country’s GDP in an effort to stimulate the economy, only 4% was actually injected into it. The major worry about Thailand’s economic growth going fo...
The World Bank has a new study that measures national tax burdens. But instead of using conventional measures, such as top tax rates or tax collections as a share of GDP, the international bureaucracy has developed an index that measures “tax effort” and “tax capacity” after adjusting for...
aChina now is the world's largest economy, and it is critical to make macro-control and policy-making to continue its booming economy due to the result we have got from the GDP prediction. 中国现在是世界的最大的经济,并且做宏指令控制和决策继续它兴旺的经济由于我们从国民生产总值预言有的结果是...
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Source: World Bank (full notes at end) In other words, the age of Asian growth is over. We are well past the phase of the rising tide – not just in China, but more or less across the region. This impacts both corporate performance, as well as property prices. Asian groups have, ...