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China’s economy expanded by 5.4% in the fourth quarter, surpassing market expectations, as a series of stimulus measures propelled the economy to meet Beijing’s growth target This final-quarter surge helped elevate China’s full-year GDP growth to 5.0% in 2024, with the official target of around 5%. In December 2024, retail sales increased by 3.7% from …
China’s National Bureau of Statistics announced on Friday that the GDP growth for the third quarter was 4.6% year-on-year, marginally above the 4.5% forecasted by economists. But slightly lower than the second quarter’s year-on-year growth of 4.7%. In terms of quarterly growth, the third quarter experienced a 0.9% increase, which is higher than the 0.7% …
Continue reading “China reports GDP growth of 4.6% – above expectations”
Over the last weekend of June 2024, China released its official PMI figures, with the manufacturing PMI remaining at 49.5, the same as in May 2024, indicating a second consecutive month of contraction. On Monday 1st July 2024, Japan adjusted its first-quarter GDP figures, showing a contraction of 2.9% year-on-year, a revision from the previously …
Continue reading “China manufacturing and Japan’s GDP contracts – Asia markets mixed”
China’s economy showed signs of slowing in April 2025, with both retail sales and industrial output missing expectations. Retail sales grew 5.1% year-on-year, falling short of analysts’ forecasts of 5.5% growth. The slowdown reflects weak consumer sentiment, driven by deflationary pressures and uncertainty in the housing market. While categories like gold and jewellery (+25.3%) and …
China has unveiled plans for 2025, announcing a 7.2% increase in defence spending alongside a GDP growth target of around 5% These decisions, revealed during the annual National People’s Congress in Beijing, reflect the nation’s strategic priorities amid a challenging and fast changing global landscape. The 7.2% rise in defence spending mirrors last year’s increase, …
The U.S. economy, often considered the largest globally, is characterised by a dynamic mix of sectors. It is propelled by strong industrial production and a vibrant service sector, offering a varied economic environment The United States possesses a highly developed mixed economy. It stands as the world’s largest economy by nominal GDP and the second …
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Tensions between Washington and Beijing have intensified, with the U.S. ramping up trade restrictions and sanctions on China due to national security concerns. Since Ukraine’s invasion, there has been a roughly 12% drop in trade between the blocs, and foreign direct investments have decreased by 20% compared to those within the bloc’s constituents. If these …
Continue reading “IMF warns U.S. and China trade divisions threaten a ‘reversal’ for global economy”
On a quarter-by-quarter basis, China’s GDP grew 1.6% in the first quarter, compared to analysts’ expectations of around expectations of 1.4%. Beijing’s growth target for 2024 is around 5%. China’s growth was driven in part by external demand, as export volume grew by 14% year on year. Industrial output for March grew 4.5% year on …
A Downgrade Amidst Economic Slowdown In a significant development that has raised concerns among investors and policymakers worldwide, China’s debt outlook has been downgraded as the country grapples with a slowing economy. This move reflects growing apprehensions about the sustainability of China’s economic growth and its ability to manage its burgeoning debt. Moody’s issued the …
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Trump’s tariffs have been a cornerstone of his trade policy, aimed at protecting American industries and reducing trade deficits These measures include tariffs on steel, aluminum, and a wide range of goods from countries like China, Canada, and the European Union. While supporters argue that these tariffs have bolstered domestic manufacturing and created jobs, critics …
The Magnificent Seven, or MAMA ANT, is a term coined by Bank of America to describe the seven most dominant tech companies in the world The Seven are: Microsoft, Amazon, Meta Platforms, Apple, Nvidia, Tesla, and Alphabet. These companies have not only led the tech sector in terms of innovation, growth, and profitability, but have …
Continue reading “Magnificent 7 company profits now exceed almost every country in the world”
Water stress measures the amount of available supply a country uses to meet demand, and is expected to worsen as the climate warms. A quarter of the world’s population is currently exposed to extremely high annual water stress, according to new data from the World Resources Institute (WRI). New data from WRI’s Aqueduct Water Risk Atlas show …
India expands Many economists stronly believe that India’s stellar economic trajectory alongside strong forecasts for some Southeast Asian countries will be important drivers for future global growth. The next decade, could see Asia Pacific become the fastest growing region of the world economy. India, Indonesia, the Philippines and Vietnam will most likely be among the …
Continue reading “India’s ‘massive expansion’ could play key role in global economic growth”
India hosting the G20 summit The G20 summit will be held in New Delhi on 9th and 10th September 2023. This is the first time that India has hosted such a prestigious event, which brings together the leaders of the world’s 20 major economies with the exception of Russia. India has invited several other countries …