Search For "economy"
China's state pension system crisis: Hong Kong insurance sector eyes USD 1
Updated : 5 years, 1 month ago IST
Beijing [China], May 21 (ANI): China’s ageing population, with years of experience in underwriting medical and retirement products has snow-balled into crisis of its state pension system and Hong Kong insurance sector is seeking this opportunity to unlock USD 15.3 trillion of Beijin
Read More
Are you looking for surety in the post-pandemic job market? SKIPS is your
Updated : 5 years, 1 month ago IST
New Delhi [India], May 20 (ANI/Digpu): The pandemic has not only been a health emergency for the world, but has also wreaked devastating effects on the economy. There is no doubt that the post-pandemic job market is going to be totally different from the one we knew before the pandemic.
Read More
Japan's economy slumps as Covid-19 hits consumption
Updated : 5 years, 1 month ago IST
Tokyo [Japan], May 18 (ANI): Japan's economy contracted in the first quarter of this year as a resurgence in Covid-19 infections and second state of emergency undercut consumer spending, reports said on Tuesday.
Read More
We cannot think of only economy in present situation, saving lives is prio
Updated : 5 years, 1 month ago IST
New Delhi [India], May 17 (ANI): Secretary-General of ASSOCHAM Deepak Sood on Monday said that saving lives and livelihood should be the priority amid the COVID-19 crisis and everyone should find the solution to the problems, the government cannot do it all alone.
Read More
China's shrinking labour force could impact economic growth in coming deca
Updated : 5 years, 1 month ago IST
Beijing [China], May 13 (ANI): The Chinese economy is growing fast but its shrinking labour force "could place a cap on China's potential economic growth" in coming decades, according to a government advisor.
Read More
Fitch projects quick rebound for Bhutan's economy
Updated : 5 years, 1 month ago IST
Singapore, May 13 (ANI): Fitch Solutions has revised its real GDP growth forecasts for Bhutan to minus 2.4 per cent in the calendar year 2020 and 2.9 per cent in 2021 from minus 3.5 per cent and 4.7 per cent previously.
Read More
Chinese economy facing slew of challenges over jobs, private sector: Premi
Updated : 5 years, 1 month ago IST
Beijing [China], May 12 (ANI): Chinese economy is facing a slew of challenges from job creation to government red tape and low efficiency in spite of strong recovery in the first quarter of 2021, the country's premier Li Keqiang told officials.
Read More
India's GDP to grow 7.5 pc in 2021, outlook fragile: UN
Updated : 5 years, 1 month ago IST
Washington DC [US], May 12 (ANI): The United Nations has raised India's growth forecast to 7.5 per cent for calendar year 2021, marking a 0.2 per cent increase from its projection in January, but said the country's outlook for the year remains highly fragile.
Read More
China banks' profit revival falters as lenders sucked in bad debt provisio
Updated : 5 years, 1 month ago IST
Hong Kong, May 11 (ANI): China banks' profit revival falters as country's largest lenders get sucked into further support for ailing parts of the economy and struggling state-owned companies (bad debts), despite a broad recovery from the coronavirus pandemic.
Read More
Biden says US economy to see fastest growth in 40 yrs in coming months
Updated : 5 years, 1 month ago IST
Washington [US], May 11 (ANI/Sputnik): The US economy will likely see its fastest growth in four decades in the months to come, though the rate of expansion might not be smooth throughout, President Joe Biden said on Monday.
Read More
US dollar share of global foreign exchange reserves drops to 25-year low:
Updated : 5 years, 2 months ago IST
Washington DC [USA], May 8 (ANI): The share of US dollar reserves held by central banks fell to 59 per cent -- its lowest level in 25 years -- during the fourth quarter of 2020, according to a recent survey by the International Monetary Fund (IMF).
Read More
Biden defends American Rescue Plan as US adds way fewer jobs than expected
Updated : 5 years, 2 months ago IST
Washington [US], May 8 (ANI): The US Labour Department on Friday reported that the American economy added only 266,000 jobs - way below the one million jobs expected by economists - while the unemployment rate rose to 6.1 per cent.
Read More