Hong Kong's gross domestic product (GDP) is expected to grow between 2.5% and 3.5% for the first quarter, maintaining moderate growth for a fifth consecutive quarter, the city's finance chief said on Sunday. January-March GDP, scheduled to be released on Thursday, is expected to be "within the range of the full-year economic growth forecast", Financial Secretary Paul Chan said in his blog without elaborating. As Hong Kong seeks new sources of growth points, mega events such as fireworks will...
The Chinese government's report for the first quarter of 2024 was a mixed bag of cause for optimism and systemic issues that continue to drag on economic growth.Newsweek charts based on the latest data from China's National Statistics Bureau illustrate three key bellwethers of the world's second-largest economy.GDPAccording to the new data, China's gross domestic product (GDP) expanded by 5.3 percent year over year, slightly higher than Q4 2023 and beating many economists' expectations.Though...
The French economy grew more than expected in the first quarter, official data showed on Tuesday, delivering good news to a government facing scrutiny over the country's huge debt pile.
The increase in wages and benefits is good for employees, to be sure, but could add to
This ends a six-quarter period where GDP growth remained at 2% or higher. But the decrease may not be a cause for concern at this point.
The US economy slowed far more than expected in the first quarter of the year as its gross domestic product (GDP) endured the influence of stubborn inflation and high interest rates.
Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.
Observers have learned it’s going to take more than a few months of robust numbers to prove a rebound is truly under way.
What happens when there's slow economic growth and high inflation? Economists call that "stagflation," and given the slowing growth in the first quarter of 2024 and the higher inflation in February and March, we may be reliving that ghastly economic phenomenon.
Apple, once the dominant player in the smartphone market, is now the third most popular brand on the mainland.
Ford Motor Company reported a whopping $132,000 loss on each electric vehicle sold during the first three months of the year, amassing a $1.3 billion loss.
Valeri Nichushkin recorded his first career hat trick, Alexandar Georgiev turned in another strong showing and the Avalanche beat the Winnipeg Jets 5-1 in Game 4 on Sunday to move a win away from advancing.