World Bank Says About Rapid Growth of East Asian Economy
World Bank data indicate that economic growth rates in developing countries in East Asia and the Pacific are currently exceeding similar results in the rest of the world.
Economic Forecast - page 4
Experts Say About Significant Economic Potential of China’s Tech Sector
Experts Chang Shu and Eric Zhu suggest that in China, the local advanced technologies sector will become a platform for stimulating the growth of demand for goods and services, and by 2026 it may compete with the sphere of real estate in terms of the scale of impact on the state of the country’s economic […]
BIS Says About Success of Central Banks in Inflation Fight
The Bank for International Settlements (BIS) on Monday, March 4, said that financial regulators in many countries of the world are on the verge of victory in the struggle to resume control over the surge in inflation, which has become excessive and is transforming into a kind of autonomous trend.
World Bank Declares Importance of Much Faster Growth of Emerging Economies
The World Bank, which is based in Washington, D.C., warns that the high cost of borrowing has become a factor that has dramatically changed the need of developing countries to stimulate economic growth that demonstrates such features that can be described as sluggishness and weakness within the framework of the simplified formulation method.
Standard Chartered CEO Says About China’s Biggest Problem
Bill Winters, CEO of Standard Chartered Bank, said during a speech at the World Government Summit in Dubai that China is currently facing a lack of trust, which, in his opinion, is the most serious poser in the context of economic problems of this Asian country.
Germany’s Investor Outlook Improves
For the seventh month in a row, Germany has recorded an improvement in the prospects for investment activity, which gives reason to hope that the worst times for the largest European economic system are in the past and the future will be a space for the implementation of a more favorable scenario.
B2B Payments to Reach $124 Trillion Globally by 2028
A new study from Juniper Research, revealed that the value of B2B payments will grow 40% by 2028, up from $89 trillion in 2024, largely due to digital payment adoption in developing markets.
IMF Lifts World Economic Outlook
The International Monetary Fund (IMF) has improved its forecast for global economic growth in 2024.
Cinda Securities Expects China’s Industrial Profits Rebound
In 2024, the profit indicator of China’s largest industrial enterprises, for which 2023 was the second consecutive year of downturn, may increase slightly against the background of improving prospects for Beijing’s export activities and the implementation of a policy of support from local authorities.
India’s Finance Ministry Says About Possibility of 7% Economic Growth in Coming Years
The Ministry of Finance of India believes that in the next fiscal year, the economy of this country is likely to show growth of 7%.
Philippines Central Banker Says About Possibility of Rate Cut
Philippine central bank Governor Eli Remolona said that an interest rate cut during the current year is possible, but noted that a similar decision by the financial regulator in the first half of 2024 is unlikely.
Intel Issues Outlook for First Quarter of 2024
Intel’s share price fell in the premarket on Friday, January 26, after the chip manufacturer published an outlook for the first quarter of the current year, which turned out to be worse than analysts’ expectations, although the company’s results for the last three months of 2023 exceeded Wall Street estimates.
Fidelity Forecasts China’s Economy Gradual Improvement in 2024
Peiqian Liu, Asia economist at Fidelity International, said during a media briefing on Thursday, January 25, that during 2024, China’s economic system will record a gradual improvement in the state of affairs, which will be stimulated by factors such as production and consumption.
MIT/IBM Study Denies Economic Feasibility of Major AI Employment Takeover
The new research reveals that the expected automation of around half of all human-performed jobs with the help of AI could come at a premium cost, which employers would likely not be willing to pay.
Goldman’s Jan Hatzius Sees US Soft Landing
Chief Economist at Goldman Sachs Group Inc. Jan Hatzius on Tuesday, January 23, during a conversation with media representatives in Hong Kong, said that the Federal Reserve System is currently on track to achieve a soft landing of the United States economy.
China Strategist Shaun Rein Warns of Deflation
In the foreseeable future, deflation may become a factor influencing the dynamic of the process of growth of the Chinese economy.
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