Economic

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South Korea’s GDP Records 0.3% Growth in Q1 as Private Spending Rebounds

The Bank of Korea announced today that South Korea’s gross domestic product (GDP) for the first quarter of 2023 grew by 0.3% compared to the previous quarter. This figure remains unchanged from the preliminary estimate and indicates a steady recovery in the country’s economy, driven by an upturn in private spending. Notably, this marks the …

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Chinese Real Estate Sector Continues to Show Signs of Slowdown, Expected to Impact Overall Economic Weakness

In recent news, the Chinese real estate sector is facing ongoing challenges, indicating a slowdown in its performance. Although there were initial signs of recovery at the beginning of the year, the latest report reveals that new home sales in China have started to decline once again. According to data from the China Beige Book …

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Business Confidence in England Declines Despite Signs of Economic Recovery, Reports Lloyds Bank

Lloyds Bank has unveiled the latest results of its survey on British business sentiment, revealing a decline in the Business Confidence Index for the first time in three months. This drop comes as companies in England express less optimism about the economic and trade outlook, despite positive signs of recovery. The Lloyds Bank Business Confidence …

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Switzerland Records Stronger-Than-Expected Economic Growth in Q1/2023 Driven by Robust Domestic Demand

The Swiss government has announced that Switzerland’s economy experienced faster-than-expected growth in the first quarter of 2023. The surge in economic activity can be attributed to strong domestic demand and an increase in exports. According to data released by the Swiss Economic Office, the Gross Domestic Product (GDP), adjusted for sporting activities, expanded by 0.5% …

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Chinese Company Stocks Plummet Amid Economic Concerns and China-U.S. Dispute

Hong Kong – The Hang Seng China Enterprises Index (HSCEI), a key stock index representing Chinese companies listed on the Hong Kong Stock Exchange, has entered bear market territory as concerns mount over the Chinese economy’s slowdown and escalating disputes between China and the United States. Early in the trading day, the HSCEI index experienced …

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China’s Industrial Profits Witness Decline in the First Four Months, Reflecting Weak Demand and Economic Slowdown

China’s industrial sector has experienced a continued decline in profits during the first four months of this year, underscoring the prevailing weakness in demand and a significant drop in industrial prices across the country. According to the data released by the National Bureau of Statistics (NBS) of China, industrial profits have fallen by 20.6% during …

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Gold Declines $9.90 as Dollar Strengthens, Investors Await Economic Indicators

Gold futures experienced a downturn on Wednesday (May 24) as the relentless strength of the dollar continued to weigh on the market. Meanwhile, investors closely monitored the release of key economic indicators, including the first quarter 2023 gross domestic product (GDP) and the US personal consumption expenditure (PCE) price index, which could provide insights into …

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