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The average forecast of 85 economists showed that China’s economy would slow down to 6.3% this year, which will be the lowest value in 29 years. Last year, the economy grew by 6.6%, and in 2017 - by 6.9%. Negotiations on the settlement of trade disputes between China and the US are already underway. However, if the PRC cannot stimulate domestic investment and demand, a solution to the trade war with the United States will not solve the problem of slow growth. On January 30-31, the heads of the American and Chinese delegations will meet. It is expected that if by March 2019 the parties do not enter into an agreement, the United States can dramatically increase duties on Chinese goods. Beijing will do the same. Experts expect that the Central Bank of China will leave interest rates at the same level. Consumer prices will rise by 2.3% in the current year.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
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