WASHINGTON (AFP) – After the worst downturn on record, the US economy is expected to post jaw-dropping growth of between 30 and 35 per cent…
View More Blowout US GDP report will obscure troubling slowdown
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Global economic rebound at risk from rising coronavirus cases
BENGALURU (REUTERS) – There is a high risk the resurgence in coronavirus cases halts the global economic recovery by year-end, according to Reuters polls of…
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'Dual circulation': 5 things to know about China's new economic development strategy
BEIJING – “Dual circulation” has recently become a buzzword on Chinese media. Since the concept was first mentioned at a meeting of the Politburo –…
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China's economic recovery continues but wary consumers show vulnerability
BEIJING (BLOOMBERG) – China’s economy continued to inch out of the coronavirus slump in May, though a reliance on industry amid sluggish consumer demand underlines…
View More China's economic recovery continues but wary consumers show vulnerability
Indonesia eyes growth rebound with exit from coronavirus lockdowns
JAKARTA (BLOOMBERG) – Indonesia’s move to gradually ease social distancing rules amid a record surge in coronavirus infections is to ensure an early recovery in…
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Germany faces 'worst recession' in post-war history due to coronavirus pandemic
FRANKFURT AM MAIN (AFP) – German output will suffer a record slump this year over the coronavirus crisis, the government warned on Wednesday (April 29),…
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Unemployment plagues Hong Kong as city loses freest economy crown to Singapore
HONG KONG – Labour woes in the city, which was dealt a double whammy first by months-long protests and now the coronavirus outbreak, are expected…
View More Unemployment plagues Hong Kong as city loses freest economy crown to Singapore
India's woes as economy goes from bad to worse
NEW DELHI – (BLOOMBERG) – The sudden slowdown in India’s economy is spreading from carmakers to gold, leaving policy makers fretting as the room for…
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Adult Thais get $45 each to eat, shop and spend domestically
Millions of Thais are enjoying a shopping spree thanks to an economic stimulus measure that has given every adult 1,000 baht (S$45) to be spent…
View More Adult Thais get $45 each to eat, shop and spend domestically
Vietnam a rising Asian powerhouse: DBS report
Vietnam is a growing heavyweight in Asia, and companies and investors could focus on this bright spot as uncertainties cloud the global economic outlook, a…
View More Vietnam a rising Asian powerhouse: DBS report
China lowers growth target to 6-6.5%, the slowest pace in nearly three decades
BEIJING – China will aim for a lower growth target of between 6 to 6.5 per cent this year as the economy loses steam due…
View More China lowers growth target to 6-6.5%, the slowest pace in nearly three decades
IMF cuts global growth outlook, cites trade war and weak Europe
DAVOS (REUTERS) – The International Monetary Fund on Monday (Jan 21) cut its world economic growth forecasts for 2019 and 2020, due to weakness in…
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German economy posts weakest growth in five years
BERLIN (REUTERS) – The German economy grew by 1.5 per cent in 2018, the weakest rate in five years and markedly slower than the previous…
View More German economy posts weakest growth in five years
China plays significant role in maintaining global wage growth, say experts
BEIJING (CHINA DAILY/ASIA NEWS NETWORK) – China played a significant role in global wage growth from 2008 to 2017, reported Chinese state media, citing local…
View More China plays significant role in maintaining global wage growth, say experts