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Tag Archives: GDP

China’s Growth Slows; Third Plenum Targets Reform and Stimulus 

In Q2 2024, China’s GDP grew by 4.7% year-on-year, falling short of the 5.1% market forecast and decelerating from Q1’s 5.3% growth. This marks the slowest annual increase since Q1 2023, attributed to several factors: a persistent property market downturn, weak domestic demand, declining yuan value, and trade tensions with Western countries.  Despite these challenges, […]

New Zealand Economy Rebounds with Modest Growth in Q1 2024 

In the first quarter of 2024, New Zealand’s economy experienced a quarter-on-quarter expansion of 0.2%, marking a turnaround from a contraction of 0.1% in the final quarter of 2023. Such growth surpassed economists’ predictions, which had anticipated no change in economic performance during that period. The economy has shown signs of improvement, having expanded in […]

German Economy Slips into Technical Recession, Stock Market Hits and Maintains Highs 

Germany’s first-quarter GDP witnessed a modest recovery, with a 0.2% quarter-on-quarter expansion, bouncing back from a 0.5% contraction in the preceding quarter. The rebound aligned with preliminary estimates and market expectations.   The upturn was primarily driven by a sharp resurgence in gross fixed capital formation, which rose by 1.2% compared to a 2.1% decline in […]

Economic Contraction in Japan Fueled by Declines in Consumer Spending and Exports 

In the first quarter of 2024, a preliminary report indicated Japan’s economy contracted by 0.5% quarter-on-quarter, which was slightly more than the 0.4% decrease anticipated by analysts. This follows a revised report of no growth in the previous quarter.   The decline in private consumption, which is over half of the country’s economic activity, was sharper […]

US Economic Growth Slows Sharply in Q1 2024 Amid Persistent Inflation 

The US economy expanded at an annualized rate of 1.6% in Q1 2024, the slowest growth since the contractions in the first half of 2022. The reading was lower than the previous quarter’s 3.4% growth and below the forecasted 2.5%. Consumer spending growth decreased to 2.5% from 3.3%, mainly due to a 0.4% fall in […]

US 4Q23 GDP Revised Higher, Stock Markets Soared in 1Q24

US stocks closed on a mixed note on the final trading day of the first quarter, right before the Easter holiday. The S&P 500 inched up by 0.1% to set a new record, the Dow Jones Industrial Average increased by 47 points (0.12%), while the Nasdaq Composite dipped by 0.1%. This market activity took place […]

Economic Downturn: New Zealand Falls into Technical Recession in Late 2023 

In the last quarter of 2023, New Zealand’s economy declined by 0.1%, after a 0.3% drop from the earlier quarter. This disappointed market predictions which expected a 0.1% rise. A noteworthy fourth downturn happened over the preceding five quarters, primarily attributed to a fall in wholesale trade (moving from -2.2% in the third quarter to […]

UK Economy: Glimpses of Optimism Piercing the Murky Outlook 

The FTSE 100 saw a growth of 0.3%, climaxing at a new ten-month record of 7,772 on Wednesday, which makes it the third winning session. Encouraging economic indicators stimulated the market, generating hope that the UK is bouncing back from its economic downturn.  In January 2024, the UK economy showed a moderate increase of 0.2% […]

Japan Dodges Recession with Capex Driving Q4 GDP Expansion 

In the last quarter of 2023, Japan’s Gross Domestic Product (GDP) experienced an increase of 0.1% QoQ, contrary to the initial reports that predicted a 0.1% decrease, and the 0.8% decrease seen in the third quarter. The slight rise helped the economy avoid going into the predicted recession. Interestingly, this increment was supported by an […]