Browsing Tag
Economy
16 posts
Civil war economy hits Myanmar garment workers
A civil war is devastating Myanmar, but thousands of garment workers in the country still churn out clothing for brands like Adidas and H&M. Photo: Ye Aung THU / AFP/FileSource: AFPAs civil war pounds Myanmar's economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on an
ECB to cut rates by 25bps in both Oct and Dec as euro zone economy wobbles: Reuters poll
By Indradip Ghosh BENGALURU (Reuters) - The European Central Bank (ECB) will cut its deposit rate by 25 basis points on Oct. 17 and again in December, according to more than 90% of economists polled by Reuters who now see a quicker decline in euro zone inflation. Only 12% of economists polled last month had
The NBN is set to boost the economy by $400b, but thousands have dumped it over the price
A faster NBN is set to deliver a $400 billion boost to Australia’s economy by 2030, the first longitudinal study into the network’s economic outcomes has found, despite recent price rises for many customers and new statistics showing thousands of Australians have dumped the NBN in the past three months.The economic modelling from consulting giant
It’s the Economy Again, Stupid
Politics Biden’s insistence that everything is fine cuts against voters’ actual daily experiences. (Photo by Chris Kelponis-Pool/Getty Images) One of the most succinct campaign slogans of the modern era came out of the 1992 Clinton campaign: “It’s the Economy, Stupid,” which picked up on the feeling Americans were less concerned with the incumbent’s apparent foreign
The Chinese Economy Today and the Specter of a Property Crisis
“The problem is serious.” And when it’s the head economist at the International Monetary Fund who says so, eyebrows are indeed raised. The comments made by Pierre-Olivier Gourinchas in early October at an IMF meeting in Morocco underscored the gravity of China’s current economic balancing act. The world’s second-biggest economy is staring down an unprecedented
Japan’s Economy Is Heading for Rapid Decline and No Retirement
Home » Energy » Japan’s Economy Is Heading for Rapid Decline and No Retirement NHK, one of Japan’s main media companies, had a segment where Japan is worried about dropping from its ranking as the third place economy (nominal GDP). Japan sees its economy falling behind Germany. Germany has a population of 84 million people
© Reuters. FILE PHOTO: People's Bank of China (PBOC) Governor Yi Gang attends a news conference in Beijing, China March 3, 2023. REUTERS/Florence Lo By Joe Cash BEIJING (Reuters) -China reiterated it is willing to work with all parties to implement the Common Framework for debt disposal on Friday but stopped short of dropping its
Russia’s economy holds up, but growing challenges test Putin
Western sanctions have hit Russian banks, wealthy individuals and technology imports. But after a year of far-reaching restrictions aimed at degrading Moscow’s war chest, economic life for ordinary Russians doesn’t look all that different than it did before the invasion of Ukraine.There’s no mass unemployment, no plunging currency, no lines in front of failing banks.
Saudi economy continues to improve, FDIs make up 3% of GDP: Al-Falih
Khalid Al-Falih, Minister of Investment Minister of Investment, Khalid Al-Falih, said that Saudi Arabia’s economy is improving year after another, despite a decline in global economic growth. Foreign direct investments (FDIs) have become nearly 3% of the Kingdom’s gross domestic product (GDP), expecting these investments to reach 5.7% by 2030. Al-Falih told Asharq Al-Awsat in
China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinas-economy-takes-a-deeper-hit-as-retail-sales-turn-negative-11668496169Fresh signs of nation’s slowing growth add to fears that the worst