China’s economy will grow by 5 percent this year, the International Monetary Fund (IMF) has forecast, raising its outlook from 4.6 percent. It also upgraded its 2025 expectation from 4.1 percent to 4.5.
Tag: Global Economy
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TOP TREND 2024: EV GO FU
One of our Top Trends for 2024 is EV GO FU. The reason being is that in the U.S., the cost of EVs is too high and their efficiency is below expectation. In China, EVs are a big hit and Europe is also moving deeper into the market segment.
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OPEC+ EXTENDS OIL PRODUCTION CUTS THROUGH 2025
Meeting on 2 June, the Organization of Petroleum Exporting Countries and its allied nations (OPEC+) voted to continue existing production cuts.
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EUROZONE INFLATION RISES IN MAY
The core inflation rate across the 20 countries sharing the euro currency rose to 2.9 percent last month, compared to 2.7 percent in the first four months of this year.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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TOP TREND 2023, OFFICE BUILDING BUST: PENSION FUNDS STUNG BY OFFICE BUILDING BUST
Government pension funds are hemorrhaging money as the office buildings they invested in are crashing in value.
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LUXURY STOCKS SLUMP ON CHANEL’S WARNING; LAUREN DISAPPOINTS
On 22 May, Chanel Ltd. reported double-digit gains in sales and profits in its most recent quarter.
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OCEAN FREIGHT RATES UP 20 PERCENT AS RED SEA WAR CONTINUES
Routing ships away from the Red Sea and Suez Canal has added almost 30 percent to cargo container freight rates this month, The Wall Street Journal reported.
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FUND MANAGERS BET BIG ON METALS
The recently rising price of copper, nickel, and other metals crucial to the global energy transition has drawn a flood of money from asset managers, the Financial Times reported.