Economic News Category

China’s Q4 GDP Indicates Uneven Economic Recovery, Future Challenges China’s economy is anticipated to have experienced modest growth in the fourth quarter of 2023, helping the government meet its growth target after falling short the previous year. However, the outlook for 2024 remains uncertain due to a prolonged property slump and weak consumer confidence. Data

Japan’s December Wholesale Inflation Stagnates, Reducing Pressure on BOJ Japan experienced a stagnation in wholesale inflation in December, marking the twelfth consecutive month of slowdown. This trend aligns with the Bank of Japan’s (BOJ) expectations that the impact of rising raw material costs will gradually diminish. As wholesale inflation levels off, it suggests that consumer

China’s Central Bank Maintains Medium-Term Rate, Boosts Liquidity China’s central bank decided to maintain its medium-term policy rate, countering market expectations amid concerns over a weaker currency and limited monetary policy options. Despite economic data showing a mixed recovery, with increased exports but sluggish credit growth and deflationary pressures, the People’s Bank of China (PBOC)

EUR/USD Stays Under 1.1000 as Market Anticipates US PPI Data Release The EUR/USD currency pair maintains its positive stance, displaying resilience against a renewed demand for the US dollar (USD) in the early Asian trading session on Friday. Currently, the major currency pair is trading at 1.0983, marking a modest gain of 0.11% for the

OECD Recommends Japan’s Central Bank to Incrementally Increase Interest Rates The Organization for Economic Cooperation and Development (OECD) has recently emphasized the need for the Bank of Japan (BOJ) to consider a gradual increase in short-term interest rates. This recommendation comes with the stipulation that such a measure should be taken if inflation consistently hovers