economic growth
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Canada’s Consumer Price Index (CPI) rose 1.8 percent on a year-over-year basis in December, down from a 1.9 percent increase in November, Statistics Canada said on Tuesday. According to the national statistical agency, Canadians paid less for food purchased from restaurants in December on a year-over-year basis. This was the index’s first annual decline. On…
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* Against the backdrop of the global economic slowdown, initiatives by China’s local governments to boost their economy this year have garnered significant attention from around the world. * Many local governments’ work reports have highlighted the task of boosting consumption in 2025 and introduced debut economy, a relatively new concept. * New quality productive…
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President-elect Donald Trump says renewing tax cuts would turbo-charge investment and boost US economic growth — a pledge that helped propel him to election victory in November. President-elect Donald Trump says renewing tax cuts would turbo-charge investment and boost US economic growth — a pledge that helped propel him to election victory in November. Most…
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Chinese President Xi Jinping said on Tuesday China has full confidence to achieve this year’s economic growth target and will continue to play its role as the biggest engine of world economic growth. Xi made the remarks during a meeting in Beijing with heads of major international economic organizations, who are here to attend the…
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China’s domestic demand, the main growth engine for the world’s second-largest economy, has huge potential for continuous expansion, officials said in an economic roundtable event broadcast on Monday. The country has broad space for invigorating domestic demand by revving up investment and consumption, the officials said in the ninth episode of the China Economic Roundtable,…
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Mexican President Claudia Sheinbaum on Monday rejected the allegation that continued violence could undermine Mexico’s economy. “Mexico’s economy is solid and we are going to make progress towards security,” the president said at a press conference. Sheinbaum acknowledged a rise in violence in some parts of the country, such as the northern state of Sinaloa…
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Amid China’s green energy revolution, the world’s largest solar photovoltaic power plant on the Qinghai-Xizang Plateau is forging a unique development path, simultaneously generating electricity while making exemplary contributions to poverty alleviation and ecological conservation efforts. In late May, greenness finally emerged in the yellow-gray expanse of the Talatan Gobi Desert in Gonghe County, part…
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‘What matters to you more: Economic growth or successful climate policy?’ We’re staying with the BBC’s seven-way political debate between senior figures in the UK’s political parties. “What matters to you more: Economic growth or successful climate policy?” asks an audience member. Mr Farage says climate policies like net zero are unrealistic and unaffordable. “Nigel…
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The 2012 United Nations Conference on Sustainable Development (Rio+20) has the objective of securing renewed political commitment to sustainable development, assess the progress and implementation gaps in meeting already agreed commitments, and address new and emerging challenges. With these goals in mind, Rio+20 provides an opportunity for Africa to evaluate progress, and identify what has…
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In a move aimed at further boosting the recovery of Chinese airlines, the Civil Aviation Administration of China (CAAC) said it will increase domestic flights by 34 percent from pre-pandemic levels. On October 27, China’s big three state carriers reported their first quarterly profits in more than three years. According to the summary of a…
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In an economic development that hasn’t received much attention in the Western media, the GDP of the BRICS nations has surpassed that of the G7. That news, coupled with plans by the BRICS (Brazil, Russia, India, China and South Africa) nations to create their own currency later this year presents a challenge to the US…
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China’s economic rebound is having a significant positive spillover on the regional growth of Asia, said Krishna Srinivasan, director of the Asia and Pacific Department of the International Monetary Fund. Srinivasan said during the International Finance Forum One-on-One Global Dialogue on Friday that one percentage point increase in China’s growth leads to a 0.3 percent…
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Christians in Nigeria join their counterparts across the world today in the 2022 Christmas celebration. What is, however, clear is that this year’s celebration appears not to have come with so much fanfare. Unlike previous years, the economic crisis bedeviling the nation may have forced several Nigerians to celebrate on a very low key. Apart…
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Kaduna residents now skip meals due to the rising cost of foodstuff in the market. Many residents who spoke to reporters in Kaduna, on Sunday lamented the high increase in the price of foodstuff, ingredients and basic necessities. A resident of Narayi community in Kaduna, Mr James Madaki said before now, he had three square…
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The Governors of the 36 states have accused the President Muhammadu Buhari-led government of failing to address the security challenges crippling economic activities in Nigeria. The governors, under the auspice of the Nigeria Governors’ Forum (NGF), said the rising level of poverty was a consequence of rampant insecurity in commercial and agricultural activities. They also…
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President Joe Biden and his Republican opponents have traded accusations over the handling of the US economy under his administration. With inflation rising and stock markets on a downward trend for most of this year, Republicans have talked of “Joe Biden’s recession”. Mr Biden has countered that there’s been good job growth and low unemployment,…
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