gdp
BankingWorld Bank Raises China’s GDP Forecast for 2024, 2025
FinanceMoldova’s Parliament Passes 2025 Budget With Deficit at 4% of GDP
BusinessSpain’s Industrial Prices Rise 0.9% Year-On-Year in November
BusinessChina Revises up 2023 GDP to $17.73 Trln, Rules Out Impact on 2024 Figure
World Bank Raises China’s GDP Forecast for 2024, 2025
Date: December 26, 2024
(Reuters) – The World Bank on Thursday said it raised its forecasts for China’s gross domestic product growth for 2024 and 2025 to account for the effect of recent policy easing and near-term export strength. China’s GDP growth is now expected at 4.9% in 2024 versus 4.8% that the group had earlier projected, the World...
Exclusive-China Plans Record $411 Billion Special Treasury Bond Issuance Next Year, Sources Say
Date: December 24, 2024
(Reuters) -Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, two sources said, which would be the highest on record, as Beijing ramps up fiscal stimulus to revive a faltering economy. The plan for 2025 sovereign debt issuance would be a sharp increase from this year’s...
Exclusive-China Plans Record $411 Billion Special Treasury Bond Issuance Next Year, Sources Say
Date: December 24, 2024
(Reuters) -Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, two sources said, which would be the highest on record, as Beijing ramps up fiscal stimulus to revive a faltering economy. The plan for 2025 sovereign debt issuance would be a sharp increase from this year’s...
China to Ramp up Fiscal Support for Consumption Next Year
Date: December 24, 2024
BEIJING (Reuters) – China will ramp up fiscal support for consumption next year by raising pensions and medical insurance subsidies for residents as well as expanding consumer goods trade-ins, its finance ministry said on Tuesday. The country will boost the basic pension for retirees and for urban and rural residents and raise financial subsidy standards...
Brace! Risks Stack up for the Global Economy in 2025
Date: December 23, 2024
By Mark John (Reuters) – No sooner had the global economy started to put the aftermath of the COVID-19 pandemic behind it than a whole new set of challenges opened up for 2025. In 2024, the world’s central banks were finally able to start lowering interest rates after largely winning the battle against inflation without...
Sterling Struggles to Regain Steam Against Dollar
Date: December 23, 2024
By Greta Rosen Fondahn (Reuters) – Sterling looked lacklustre against the dollar on Monday as a survey reported a decline in domestic UK business confidence and traders digested a recent Federal Reserve-induced rally in the greenback. British business confidence fell to its lowest level of 2024 in December, although employers were a bit more optimistic...