According to the JP Morgan report, over the past year, concerns about higher interest rates and the potential for an economic slowdown have impacted both credit availability and demand.
As Bhutan grapples with rising inflation, unemployment, mounting debt, declining reserves, stagnant investment, and insufficient government resources, all five political parties have synchronised their manifestos with a singular goal: transforming Bhutan into a high-income country by 2034, a
The Communist Party of China is aiming to push women back into traditional roles, as a solution to the country's demographic crisis, New York Times reported.
Quoting data released on Friday for prices of new apartments in 70 large and medium-sized cities across China, Goldman Sachs calculated that prices fell in August at a seasonally adjusted annual rate of 2.9 per cent, compared with 2.6 per cent in July.
The number of newborns in China in 2023 is estimated to be between 7 to 8 million, which is the lowest tally in 85 years, Khabarhub reported, adding that the Communist nation’s economic slowdown and high unemployment have led to a low birth rate.
The Chinese economy has slipped into deflation, with consumer prices falling for the first time in more than years in another sign of weakening demand, CNN reported on Wednesday.
"The whole world praises PM Modi but Congress calls him a snake, illiterate, chaiwala. Today there is an economic slowdown in America, Europe, and Australia but India's economy is standing strong," BJP national president said in Jharkhand.
China's economic slowdown could increase the prospect of a military crisis in the Taiwan Strait as Chinese President Xi Jinping may further embrace nationalism in his unprecedented third term, a prominent US think tank has warned, Nikkei Asia reported.
According to Jahnavi Prabhakar who authored the report, a lot is at stake for Federal Reserve now, as it considers the next rate action given the stubbornly high inflation, elevated wage growth, credit crunch scenario and uncertainty in global growth.
An unprecedented economic slowdown is set to haunt Pakistan's future from the very near term onwards. Over the past 18 months, domestic interest rates have raced by 14 per cent to the present 21 per cent, setting the course for suppressed borrowing by the mainstream, The News.com reported.
40 per cent inflation drains the festive spirit of Ramzan, Holi and Lenten in Pakistan with its religious minorities among the worst sufferers of the current economic slowdown.