☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.ml • 1 year agoDemand slump drags global manufacturing to financial crisis levelsexternal-linkmessage-square22 fedilinkarrow-up134
arrow-up134external-linkDemand slump drags global manufacturing to financial crisis levels☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.ml • 1 year agomessage-square22 Commentsfedilink
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mlhexagonhexbear4·edit-21 year 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. linkfedilink
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.