Economic News Category

UK Q2 GDP Preview: BoE Denies Recession Forecast Despite Expected No Growth The anticipation surrounding the United Kingdom’s economic trajectory heightens as the Office of National Statistics (ONS) gears up to unveil the first estimate of the UK’s Gross Domestic Product (GDP) for the second quarter on August 11. A palpable sense of curiosity persists,

Asian Stock Markets Slide Amid US-China Concerns; Focus Shifts to US CPI Asian stock markets are trending downwards on Thursday, reflecting a sense of caution due to apprehensions about potential deflation in China and renewed tensions in the US-China trade relationship. Traders are opting to stay on the sidelines as they await the eagerly anticipated

First Time in Over 2 Years: China’s Consumer Prices Experience a Drop China’s consumer prices have taken an unexpected turn, experiencing a notable decline for the first time in over two years. The latest official data released on Wednesday revealed a 0.3% drop in China’s consumer-price index (CPI) for the month of July compared to

China Must Enhance Productivity in Light of Demographic Challenge, Advises Economist Amidst the demographic intricacies China faces, the call to elevate productivity has emerged as a pressing concern, according to David Mann, the Chief Economist for Asia-Pacific, Middle East, and Africa at the Mastercard Economics Institute. Mann emphasized that the need to invigorate productivity is

Chinese Traders to Gradually Restart Australian Barley Imports Chinese traders are poised to resume importing Australian barley following an announcement by China’s Ministry of Commerce (MOFCOM) stating an end to anti-dumping and countervailing duties on the crop, effective from Saturday. Industry sources informed the Global Times about the development, which is seen as a response