China’s economy grew at its slowest pace this year during the third quarter as energy shortages and a debt-laden property sector weighed on the country’s pandemic recovery. China’s gross domestic product (GDP) grew by 4.9 percent in July to September …
The International Monetary Fund (IMF) slashed its 2021 growth forecast for the United States as the COVID-19 pandemic continues to weaken global economic recovery. In its latest World Economic Outlook report on Oct. 12, the IMF cut its U.S. growth …
North Korean leader Kim Jong-un urged officials to focus on helping the citizens get through what he admitted as a “grim” economic situation for the country. In a speech marking the 76th anniversary of the ruling Workers’ Party of Korea …
Newly elected Liberal Democratic Party (LDP) President Fumio Kishida pledged that he will work on increasing incomes as soon as he becomes Japan’s prime minister. Kishida said on Sep. 30 that he believes that the only way for Japan, the …
Researchers reported on Sep. 29 that three-fourth of Venezuelans are now living in extreme poverty. The 2020-2021 National Survey of Living Conditions (ENCOVI) found that 76.6 percent of Venezuelans are extremely poor, rising by almost 10 points from last year’s …
Consumer confidence in the United States fell to a seven-month low in September amid concerns over the continuous rise of COVID-19 cases and higher prices. The Conference Board’s Consumer Confidence Index went down to 109.3 in September from 115.2 in …
Fitch Ratings cut down its forecast for China’s growth, citing significant effects of the impending collapse of the property sector from real estate crackdowns and Evergrande’s debt crisis. Ratings agency Fitch slashed its outlook for the Chinese economy from an …
The United Nations said that India’s economy is expected to grow at 7.2 percent in 2021, although it may decelerate in the following year. A report by the United Nations Conference on Trade and Development (UNCTAD) forecasted a four-year high …
Italian Finance Minister Daniele Franco said that the country’s economy is expected to expand by at least 5.8 percent in 2021 as the country recovers from the pandemic. Franco said on Sep. 5 at the annual Ambrosetti Forum that the …
Surveys showed on Sep. 1 that global economic rebound lost momentum in August as recent pandemic disruptions on supply chains slowed down manufacturing activities worldwide. IHS Markit reported that its global manufacturing index fell to a six-month low of 54.1 …