☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 2 years agoDemand slump drags global manufacturing to financial crisis levelsasia.nikkei.comexternal-linkmessage-square23linkfedilinkarrow-up137arrow-down112
arrow-up125arrow-down1external-linkDemand slump drags global manufacturing to financial crisis levelsasia.nikkei.com☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 2 years agomessage-square23linkfedilink
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mlOPlinkfedilinkarrow-up4arrow-down8·edit-22 years agoRecent data point to a swiftly fading rebound in China from the reopening at end-2022, but GDP growth should still remain above the 2023 government target of 5% as consumption normalises and policy support buttresses infrastructure investment, says Fitch Ratings. We expect growth to hold up relatively well, albeit on a slowing trajectory, at 4.8% in 2024 and 4.7% in 2025.. Meanwhile, US economy has been buttressed by cannibalizing Europe where things are rapidly deteriorating.
Recent data point to a swiftly fading rebound in China from the reopening at end-2022, but GDP growth should still remain above the 2023 government target of 5% as consumption normalises and policy support buttresses infrastructure investment, says Fitch Ratings. We expect growth to hold up relatively well, albeit on a slowing trajectory, at 4.8% in 2024 and 4.7% in 2025..
Meanwhile, US economy has been buttressed by cannibalizing Europe where things are rapidly deteriorating.