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
Indian manufacturing has accelerated through the second quarter of 2023-24 and is likely to continue for the subsequent quarters of the financial year 2023-24, notwithstanding the slowdown in developed nations, industry body FICCI's latest quarterly survey revealed.
According to a JP Morgan report, despite experiencing robust GDP growth of nearly 5 per cent in the third quarter, projections suggest a slowdown with expected growth rates of 1-2 per cent in the fourth quarter and 0-1 per cent in the first half of 2024.
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.
India’s overall exports, both merchandise and services combined, are estimated to be worth USD 59.43 billion in July 2023, exhibiting a degrowth of 5.06 per cent over July 2022, Ministry of Commerce and Industry said on Monday.
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.