☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 1 year agoDemand slump drags global manufacturing to financial crisis levelsasia.nikkei.comexternal-linkmessage-square15fedilinkarrow-up131
arrow-up122external-linkDemand slump drags global manufacturing to financial crisis levelsasia.nikkei.com☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 1 year agomessage-square15fedilink
minus-squareprotist@mander.xyzlinkfedilinkEnglisharrow-up2arrow-down1·1 year agoThis week, GDP or gross domestic product – considered the measure of economic growth – showed the U.S. economy grew at a rate of 2.4%, much higher than expected. China’s post-pandemic recovery has slowed after a brisk start in the first quarter as demand at home and abroad weakened and a flurry of policies to support the economy failed to shore up activity.
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mlOPlinkfedilinkarrow-up2arrow-down6·edit-21 year agoRecent data point to a swiftly fading rebound in China from the reopening at end-2022, but GDP growth should still remain above the 2023 government target of 5% as consumption normalises and policy support buttresses infrastructure investment, says Fitch Ratings. We expect growth to hold up relatively well, albeit on a slowing trajectory, at 4.8% in 2024 and 4.7% in 2025.. Meanwhile, US economy has been buttressed by cannibalizing Europe where things are rapidly deteriorating.
This week, GDP or gross domestic product – considered the measure of economic growth – showed the U.S. economy grew at a rate of 2.4%, much higher than expected.
China’s post-pandemic recovery has slowed after a brisk start in the first quarter as demand at home and abroad weakened and a flurry of policies to support the economy failed to shore up activity.
Recent data point to a swiftly fading rebound in China from the reopening at end-2022, but GDP growth should still remain above the 2023 government target of 5% as consumption normalises and policy support buttresses infrastructure investment, says Fitch Ratings. We expect growth to hold up relatively well, albeit on a slowing trajectory, at 4.8% in 2024 and 4.7% in 2025..
Meanwhile, US economy has been buttressed by cannibalizing Europe where things are rapidly deteriorating.