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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The markets are awaiting the numbers of the second economy in the world. Expectations are a growth o

    Rocky
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    The markets are awaiting the numbers of the second economy in the world. Expectations are a growth o Empty The markets are awaiting the numbers of the second economy in the world. Expectations are a growth o

    Post by Rocky Mon 17 Apr 2023, 5:04 am

    The markets are awaiting the numbers of the second economy in the world. Expectations are a growth of about 4%.

    The markets are awaiting the numbers of the second economy in the world. Expectations are a growth o 11968



    Arab and international
       


    Economy News - Baghdad
    Global markets are awaiting China's GDP figures during the first quarter, amid optimism that it will achieve an economic recovery in light of the lifting of Covid restrictions that undermined growth late last year.
    China's "zero Covid" policy to contain the Corona virus, and the strict restrictions it included, including quarantine, mass testing and travel bans, impeded economic activity in the country, before the authorities took a sudden decision to cancel this policy in December.
    Revealing the figures on Tuesday will give the first indication since 2019 of a Chinese economy unencumbered by COVID-19 restrictions, with analysts polled by Reuters forecasting growth of 4 percent year-on-year in the January-March period.
    However, the second economy in the world is still suffering from a series of other crises, from the debt burdening the real estate sector to weak consumer confidence, global inflation and the risk of recession in other countries.
    "The recovery is real, but it's still at an early stage," said Larry Ho, chief economist for China at investment bank Macquarie.
    He added that any recovery "will be gradual, mostly due to weak confidence" of consumers, which in turn makes companies "reluctant" to hire.
    Beijing has set itself a modest growth target of about 5 percent this year, a goal that Chinese Prime Minister Li Qiang warned would be difficult to achieve.
    While many experts tend to be skeptical of China's official figures, most expect Beijing to go this far.
    An AFP poll of analysts predicted that the Chinese economy would grow by 5.3 percent this year.
    This is roughly in line with the International Monetary Fund's forecast of 5.2 percent.
    However, analysts warned that global tensions could affect China's recovery, especially the escalation with the United States, recession threatening other major economies and accelerating global inflation.
    China's economy grew just 3 percent over the past year, its weakest performance in decades.

    Views 62
    Added 04/17/2023 - 10:47 AM
    https://economy-news.net/content.php?id=33619
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