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In the context of weakening global demand, growth in the Western Balkans decelerated over the course of 2022 and into 2023. Against the background of the lasting effects of shocks from Russia's invasion of Ukraine, sticky inflation, and tighter financial conditions, global demand has been...
Persistent link: https://www.econbiz.de/10014454276
A recovery in the oil sector boosted recent economic performance. While the recovery in global oil prices would have a welcoming effect for Kazakhstan in terms of enhancing the economy's buffers and supporting growth, it may also reduce the perceived urgency for transitioning to the new growth...
Persistent link: https://www.econbiz.de/10012645341
Poland's economic development story is one of success: since the early 1990s, the country has transitioned to a market economy, integrated into the European Union economy and global supply chains and sustained robust growth, avoiding the middle-income trap and increasing the resilience of its...
Persistent link: https://www.econbiz.de/10013415229
Economic activity in China has picked up in 2023, but the recovery remains fragile. Real GDP growth accelerated to 5 … pressures and still weak consumer confidence, suggests continued fragility in the recovery. China's investment deceleration has …
Persistent link: https://www.econbiz.de/10014495447
China's recovery has broadened as economic activity has continued to normalize. Economic growth in China is projected … returns to trend growth. As China's recovery firms up, macroeconomic policies are expected to shift from accommodative to more … strength of the recovery in China and the rest of the world. Rising financial vulnerabilities, together with subdued …
Persistent link: https://www.econbiz.de/10012603633
Following a collapse in the first quarter of 2020, economic activity in China has normalized faster than expected … that constrained further investment-driven catch-up growth. Moreover, as China seeks to rebalance its economy from …
Persistent link: https://www.econbiz.de/10012497520
. However, growth momentum has slowed since April, indicating that China's recovery remains fragile and dependent on policy … support. China's GDP growth is projected to rise to a 5.6 percent in 2023, led by a rebound in consumer spending. The economic … recovery offers an important opportunity for policymakers to refocus their efforts on achieving China's longer-term development …
Persistent link: https://www.econbiz.de/10014312756
Ethiopia's rapid growth over the past two decades has resulted in a surge in income per capita levels, with the country approaching fast the middle-income milestone. Over the past decade, fast growth was driven by capital accumulation, but the extent to which this growth has been equally...
Persistent link: https://www.econbiz.de/10013414006
Serbia needs to transition to a greener growth model for internal and external reasons. Internally, Serbia's economy is still characterized by low energy and resource productivity, with significant impacts on health and the environment. As a candidate country for EU membership, Serbia also needs...
Persistent link: https://www.econbiz.de/10013538315
Global economic activity registered resilient growth in early 2023 but is losing momentum. Advanced economies growth slowed less-than-anticipated inearly 2023 as tight labor markets drove wages up, preventing a sharp decline in consumption. However, global growth slowed slightly in Q2 2023, with...
Persistent link: https://www.econbiz.de/10014454310