Over the past three years, China has seen a significant decline in its working population, with over 41 million people leaving the workforce. The drop in numbers is attributed to the impact of the COVID-19 pandemic on the country’s economy, coupled with a decline in the working-age population. According to the country’s statistics bureau, 733.5 […]
On Thursday, U.S. Treasury Secretary Janet Yellen announced that the United States will resume economic talks with China “at an appropriate time.” This comes as Beijing continues to sell its vast stock of Treasurys and Washington warns against possible sanctions violations related to Russia. Yellen did not give a specific timeline for the talks, but […]
The Indian Premier League (IPL) is not just a cricketing extravaganza but also a significant contributor to the Indian economy. Since its inception in 2008, the league has become one of the most popular sporting events in the world, drawing millions of fans from around the globe. Let’s take a closer look at how the […]
The German economy experienced a 0.4% contraction in the fourth quarter of 2022, marking a significant downward revision from the initial report of a 0.2% decline. This quarter-on-quarter contraction was the first since the first quarter of 2021. Consumer spending, which had supported growth in the first nine months of the year, dropped by 1% […]
In the wake of the war with Russia, 331 seafarers and 61 ships have been stranded in Ukrainian ports for over a year, prompting urgent calls for their release from the International Chamber of Shipping (ICS) and over 30 other organizations and companies. The ICS represents 80% of all global vessels and sees the situation […]
Sri Lankan President Ranil Wickremesinghe has emphasized that seeking an International Monetary Fund (IMF) bailout package was the only option available for the debt-ridden country to overcome the ongoing economic crisis. The President cited the example of Greece, which took 13 years to recover from its collapsed economy after engaging in talks with the IMF. […]
Japan will host a conference of finance directors from the Group of Seven countries on Thursday to examine their reaction to Russia’s war in Ukraine, comprising embargoes, on the perimeters of a broader Group of 20 meeting in India, Finance Minister Shunichi Suzuki let out on Tuesday. Suzuki will arrange the conference of finance pastors […]
Singapore’s non-oil domestic exports recorded their biggest decline in a decade, plummeting by 25% YoY in January. The downturn was mainly led by the nation’s top markets, including China, the US, and Hong Kong. Non-oil retained exports also fell by 10.4% in the same month, marking the fourth consecutive contraction, and the worst drop since […]
An Egyptian economist has praised China’s economy, which he says supports the global economy in many ways. Karim Adel, the head of the Al Adl Center for Economic and Strategic Studies in Cairo, noted that the Chinese economy prioritizes structural development policies, which have helped the country maintain proactive leadership in facing global crises. He […]
Income inequality refers to the uneven distribution of income and wealth among different individuals or groups within a society. In recent years, income inequality has become a major concern in many countries, including developed and developing economies. This article will discuss the implications of income inequality on the global economy. Slower Economic Growth: Income inequality […]