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The COVID-19 pandemic has exacerbated inequality, according to official data. Divergence across income brackets has risen, with low- and middle-income households having been hit…
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DOI: 10.1108/OXAN-DB282898
ISSN: 2633-304X
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Geographic
Topical
GDP growth slowed to 3.3% year-on-year in the first quarter. The slowdown was mainly due to the decline in exports, with Vietnam’s top export markets -- the United States, the EU…
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DOI: 10.1108/OXAN-DB279855
ISSN: 2633-304X
Keywords
Geographic
Topical
Services including healthcare, entertainment and travel flourished while the share of housing in overall consumption fell, reflecting property-market troubles. Markedly lower…
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DOI: 10.1108/OXAN-DB285173
ISSN: 2633-304X
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Geographic
Topical
Private consumption contributed 4.3 percentage points (pps) to 2023 GDP growth, while fixed investment contributed 1.5pps and net trade subtracted 0.6pps as export volumes fell…
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DOI: 10.1108/OXAN-DB284884
ISSN: 2633-304X
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Geographic
Topical
It has also become very focused on services. With Beijing’s strong intervention in Hong Kong’s political affairs and deep involvement in its service businesses, the Special…
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DOI: 10.1108/OXAN-DB281627
ISSN: 2633-304X
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Geographic
Topical
The 6.3% year-on-year growth posted for the second quarter was distorted by COVID-19 lockdowns in Shanghai and other major cities in the same period last year. Accordingly…
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DOI: 10.1108/OXAN-DB281106
ISSN: 2633-304X
Keywords
Geographic
Topical
The manufacturing purchasing managers' index fell into contraction (to 49.2), indicating that business conditions were worse than the previous month. Retail sales, industrial…
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DOI: 10.1108/OXAN-DB279358
ISSN: 2633-304X
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Geographic
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Growth in retail sales and industrial value added accelerated in August, supported by rising household incomes and warming domestic demand. Moreover, unemployment edged down…
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DOI: 10.1108/OXAN-DB282343
ISSN: 2633-304X
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Geographic
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Quarter-on-quarter growth accelerated to 1.6%, from 1.2% previously. A 6% year-on-year expansion in the secondary sector -- manufacturing and construction -- led the growth, while…
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DOI: 10.1108/OXAN-DB286623
ISSN: 2633-304X
Keywords
Geographic
Topical
Behind this workforce expansion is higher immigration that has allowed considerably more new jobs without raising real wages. Immigration explains some of the strength in…