Amid soaring prices and slumping economy, the inflation rate in Pakistan has increased by 3.46 per cent reaching 28.3 per cent in July, ARY News reported citing the Pakistan Bureau of Statistics (PBS).
China's GDP expanded by only 0.8 per cent in the second quarter of this year, a sharp decline from the meagre 2.2 per cent growth it had in the first three months of 2023. According to CNN, there has been a decline in consumer spending, a decline in the property market, and an increase in th
Xi Jinping’s policy to rebalance China's economy away from debt-driven investment towards domestic consumption has not been successful due to the inability of the leadership to expand social welfare and health care provisions, leading to high levels of precautionary savings.
As the flour prices in Pakistan’s Karachi scaled a new peak of Rs 3200 per 20 kilogram — meaning 1 kg flour costing Rs 320 — the people in the region are perhaps purchasing the ‘most expensive’ flour in the world.
China has been tackling a sharp decline in prices with factories getting less for their products from key overseas markets. The producer price index (PPI) for May reduced by 4.6 per cent, witnessing a decline for an eighth consecutive month, Gulf Today reported citing the National Bureau of
The prices of food items in Pakistan have increased by 100 per cent this year compared to last year, as per the Pakistan Bureau of Statistics, Daily Dunya reported.
According to the most recent data from China's National Bureau of Statistics, the urban youth unemployment rate reached 20 per cent in April 2023 for the first time since statistics became available in January 2018, according to Greek City Times.
According to figures from the Pakistan Bureau of Statistics (PBS), consumer price index (CPI)-based inflation reached 36.4 per cent in April 2023 while rising 1.6 per cent month-over-month (MoM) in May.
According to figures from the Pakistan Bureau of Statistics (PBS), CPI-based inflation reached 36.4 per cent in April 2023 while rising 1.6 per cent month-over-month (MoM) in May.
The index, which mainly covers larger businesses and state-owned companies, was at its lowest level since December, CNN Business reported. Beijing scrapped most of its pandemic restrictions early that month, effectively ending its three-year-long zero-Covid policy.
Chinese economy bounced back after the government lifted its zero-COVID-19 restrictions in December. However, the recovery of the Chinese economy has lost steam.