Tag Archives: GDP

Official data shows GDP was 5.2 percent in 2023, hitting a government target, but recovery looks uneven. China’s economy grew by 5.2 percent in 2023, hitting the government’s official target, but concerns about growth momentum remain amid a protracted property crisis, sluggish consumer and business confidence, and weak global growth. …

President Biden blew past the 3% mark in GDP growth, which Trump proclaimed great, as the economy grew at a 4.9% rate. Here is the good economic news: JUST IN: US GDP soared to a blockbuster 4.9% in Q3. That’s the highest since the end of 2021 and a big …

Nigeria’s Gross Domestic Product reduced to 2.51 per cent (year-on-year) in real terms in the second quarter of 2023, in contrast to the 3.54 per cent recorded in the second quarter of 2022.   The Nigerian Bureau of Statistics in a report published on Friday, August 25, blamed the decreased …

  The telecommunications and Information Services sector in Nigeria contributed N2.508 trillion to the nation’s Gross Domestic Product (GDP) in the first quarter in 2023.   The contribution represented 14.13 per cent of the GDP, according to statistics released on Thursday, June 8, by the National Bureau of Statistics (NBS). …

Hong Kong CNN  —  China’s outgoing Premier Li Keqiang has announced the country’s lowest GDP growth target in decades, highlighting the domestic and global challenges the world’s second largest economy still faces despite its decision late last year to ditch draconian anti-Covid measures. Li set a target of about 5% …

Nigeria’s Gross Domestic Product (GDP) has increased by 2.25 percent in the third quarter of the year 2022. Naija News reports that Information and Communication Technology (ICT) as well as agriculture are among the key sectors that boosted the GDP. The National Bureau of Statistics (NBS) on Thursday disclosed that …

President Biden used the new report showing that GDP grew in the third quarter and hammered Republicans for planning to increase inflation. Biden said in a statement provided to PoliticusUSA: For months, doomsayers have been arguing that the US economy is in a recession and Congressional Republicans have been rooting …

Hong Kong CNN Business  —  Hong Kong stocks had their worst day since the 2008 global financial crisis, just a day after Chinese leader Xi Jinping secured his iron grip on power at a major political gathering. Foreign investors spooked by the outcome of the Communist Party’s leadership reshuffle dumped …

Hong Kong CNN Business  —  China has abruptly delayed the publication of key economic data, one day before its scheduled release, as the ruling Communist Party gathers at a major political meeting against the backdrop of a faltering economy. The country’s National Bureau of Statistics updated its schedule on Monday, …

City state’s economy grew 4.4 percent year-on-year in the second quarter, less than official estimates. Singapore’s economy expanded less than initially estimated in the second quarter and the government downgraded its growth projections for 2022, flagging risks to the global outlook from the Ukraine war and cost pressures. Gross domestic …