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Vietnam will likely miss 2023 GDP growth target

Location:

VIETNAM

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…

China’s domestic activity will slow modestly in 2024

Location:

CHINA

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…

Downside risks to China’s growth target are mounting

Location:

CHINA

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…

China's slowing economy will prompt fiscal support

Location:

CHINA

The manufacturing purchasing managers' index fell into contraction (to 49.2), indicating that business conditions were worse than the previous month. Retail sales, industrial…

China’s economy recovers but key issues will remain

Location:

CHINA

Growth in retail sales and industrial value added accelerated in August, supported by rising household incomes and warming domestic demand. Moreover, unemployment edged down…

China set for near-5% growth amid imbalances and risks

Location:

CHINA

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…

Major tests lie ahead for Ecuador’s Noboa

Location:

ECUADOR

The legislation’s smooth journey through Congress illustrates the pragmatic relationship Noboa has established with the legislature. This, however, will be difficult to maintain…

Brazil economic momentum will slow in coming quarters

Location:

BRAZIL

The expansion was largely driven by a booming agricultural sector, whose output rose by 21.6%. The services sector, which accounts for around two-thirds of added value in the…

Prospects for the global economy in H2 2023

Location:

PROSPECTS H2 2023

Labour and housing markets are slowing very gradually, but the strength of services is preventing a faster fall in headline inflation. The pass-through effects of interest-rate…

Egypt's budget sets ambitious revenue targets

Location:

EGYPT

The budget envisages an overall deficit of 7% of GDP, revised upwards from an earlier draft because of the effects of devaluation and higher interest rates on public debt…