EU upgrades Spain's GDP forecast for 2023

**This is a 60-seconds sample of the video. For the full version, please contact us.**

EU upgrades Spain's GDP forecast for 2023

STORY: EU upgrades Spain's GDP forecast for 2023 DATELINE: May 17, 2023 LENGTH: 00:01:27 LOCATION: Madrid CATEGORY: ECONOMY SHOTLIST: 1. various of EU flags 2. various of automobile filling station 3. various of people at supermarkets 4. various of Spanish Ministry of Economy headquarters 5. various of people at supermarket STORYLINE: The European Commission (EC) on Monday raised its GDP growth forecast for Spain in 2023 by five-tenths, which stands at 1.9 percent. In the EC's Spring Macroeconomic Forecast, it downwardly revised Spain's inflation estimate to 4 percent, which is four-tenths lower than its previous winter projections. The Spanish economy posted growth of 5.5 percent in 2022. In the first quarter of this year, Spain's real GDP recorded a quarterly growth of 0.5 percent, largely driven by the contribution from external demand thanks to the solid performance of the tourism sector. Xinhua News Agency correspondents reporting from Madrid. (XHTV)

  • Product Code
  • ILEA001301059
  • Registered date
  • 2023/5/17 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 64.57(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Latvians celebrate annual Midsummer Festival

    STORY: Latvians celebrate annual Midsummer Festival SHOOTING TIME: June 23, 2024 DATELINE: June 25, 2024 LENGTH: 00:00:52 LOCATION: Riga CATEGORY: CULTURE/SOCIETY SHOTLIST: 1. various of the Midsummer Festival celebrations in Latvia STORYLINE: People in Latvia on Sunday and Monday celebrated the annual Midsummer Festival, singing folksongs, making flower wreaths and lighting bonfires. Summer solstice, with the longest day and shortest night of a year, is Latvians' largest family festival, which is usually celebrated outside of city by bonfires. The Latvian midsummer celebration is called either Ligo or Jani. Ligo refers to the midsummer night (June 23) whereas Jani is the following day (June 24). Both days are national holidays in Latvia and the biggest celebration of the year. Xinhua News Agency correspondents reporting from Riga. (XHTV)

      Visitor arrivals to Hong Kong up 20 pct in May

      STORY: Visitor arrivals to Hong Kong up 20 pct in May SHOOTING TIME: Recent footage DATELINE: June 18, 2024 LENGTH: 00:00:41 LOCATION: HONG KONG, China CATEGORY: ECONOMY SHOTLIST: 1. various of tourists in Hong Kong, China STORYLINE: Hong Kong saw about 3.4 million visitor arrivals in May, up around 20 percent year on year, the Hong Kong Tourism Board said Monday. In the first five months of this year, Hong Kong registered about 18 million tourist arrivals, an increase of about 80 percent year-on-year, the tourism board said in a press release. The initial data showed that in May, Hong Kong recorded about 2.63 million visitor arrivals from the Chinese mainland, up 15 percent from last year. The number of visitors outside the mainland saw a year-on-year increase of 43 percent to about 770,000. Xinhua News Agency correspondents reporting from Hong Kong, China. (XHTV)

        Why EU's tariff hikes on Chinese EVs are unjustified

        STORY: Why EU's tariff hikes on Chinese EVs are unjustified SHOOTING TIME: File DATELINE: June 15, 2024 LENGTH: 00:04:02 LOCATION: Beijing CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the European Commission Berlaymont building 2. STANDUP (English): LIU YUTIAN, Xinhua correspondent STORYLINE: The European Commission (EC) has unveiled its plan to levy provisional additional tariffs of up to 38.1 percent on Chinese-made electric vehicles (EVs). The move is founded on unsubstantiated claims, sparking serious concerns over trade protectionism and the application of double standards. The tariff hikes came eight months after the EC self-initiated an anti-subsidy investigation into battery electric vehicles imported from China. The move was prompted by the EC's accusations that China was "flooding" the bloc with cheaper electric vehicles as a result of "overproduction," which the EC attributed to significant state subsidies in China. However, the rationale justifying the tariff increase seems far from c

          World Bank cuts 2024 growth forecast for Japan

          STORY: World Bank cuts 2024 growth forecast for Japan SHOOTING TIME: Recent footage DATELINE: June 13, 2024 LENGTH: 00:01:06 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: The World Bank has cut its economic growth forecast for Japan for 2024 to 0.7 percent from 0.9 percent, while lifting the global growth outlook for the year to 2.6 percent from 2.4 percent, local media reported. The Japan growth forecast fell 0.2 percentage point from the previous estimate in January due to sluggish consumption growth and slowing exports, as well as a halt in growth in demand from foreign tourists, Jiji Press said Tuesday, citing the World Bank's latest Global Economic Prospects report. Japan's economic growth is projected to rise to 1.0 percent in 2025, as consumption is expected to improve moderately, it added. Meanwhile, the global economy would avoid a third consecutive drop in real GDP growth since a major post-pandemic jump in 2021, with 2024 growth stabilizin

            India's retail inflation in 12-month low in May

            STORY: India's retail inflation in 12-month low in May SHOOTING TIME: File DATELINE: June 13, 2024 LENGTH: 00:01:29 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of food grain STORYLINE: India's retail inflation fell to 4.75 percent in May from 4.83 percent in April, official data showed Wednesday. This was said to be the lowest in the past 12 months. Retail inflation has been under the five-percent mark for three consecutive months starting from March. "Year-on-year inflation rate based on all India Consumer Price Index (CPI) number is 4.75 percent (provisional) for the month of May 2024. Corresponding inflation rate for rural and urban is 5.28 percent and 4.15 percent, respectively," the statistical ministry said. Food inflation was 8.69 percent in May, marginally down from 8.70 percent in April. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

              EU pre-discloses level of protectionist duties on imports of EVs from China

              STORY: EU pre-discloses level of protectionist duties on imports of EVs from China SHOOTING TIME: June 12, 2024 DATELINE: June 12, 2024 LENGTH: 00:00:41 LOCATION: Brussels CATEGORY: ECONOMY SHOTLIST: 1. various of the European Commission building STORYLINE: The European Commission on Wednesday issued a statement to pre-disclose the level of protectionist provisional duties it would impose on imports of battery electric vehicles (EVs) from China. The European Commission dismissed requests and concerns from numerous EU member state governments and industry sectors, overlooking the facts and violating World Trade Organization rules. Persisting with its trade protectionist actions, the Commission's move not only violates the legitimate rights and interests of China's EV industry but also wreaks havoc on the global automotive supply chain, including within the EU itself. Xinhua News Agency correspondents reporting from Brussels. (XHTV)

                Romania holds local, EU parliament elections

                STORY: Romania holds local, EU parliament elections SHOOTING TIME: June 9, 2024 DATELINE: June 10, 2024 LENGTH: 00:01:37 LOCATION: Bucharest CATEGORY: POLITICS SHOTLIST: 1. various of the elections STORYLINE: Around 18 million Romanians participated in the vote on Sunday to elect 33 European Parliament representatives, as well as 3,186 mayors, local and county chiefs. In Romania, approximately 15 candidates run for one seat in the European Parliament elections, according to Romania's Permanent Electoral Authority (AEP). President of the AEP Toni Grebla announced earlier that 494 candidates had registered for the European Parliament elections. Among the candidates, 167 are women, representing 33.81 percent of the total. As the European Parliamentary elections in Romania took place on the same day as the local elections, many of the candidates on the EP lists were also running for mayor or local councilor. Xinhua News Agency correspondents reporting from Bucharest. (XHTV)

                  Bulgaria holds 2-in-1 elections

                  STORY: Bulgaria holds 2-in-1 elections SHOOTING TIME: June 9, 2024 DATELINE: June 10, 2024 LENGTH: 00:02:14 LOCATION: Sofia CATEGORY: POLITICS SHOTLIST: 1. various of the 2-in-1 elections kick off in Bulgaria STORYLINE: Bulgarians went to nearly 13,000 polling stations across the country on Sunday to vote in the elections for the National Assembly and the European Parliament (EP). The EP elections took place in EU states from June 6 to 9 this year. Voters elected 17 members of the European Parliament from Bulgaria, and 418 candidates were running in the race in Bulgaria. Xinhua News Agency correspondents reporting from Sofia. (XHTV)

                    Italy's growth forecast for 2024 revised up to 1 pct: ISTAT

                    STORY: Italy's growth forecast for 2024 revised up to 1 pct: ISTAT SHOOTING TIME: June 7, 2024 DATELINE: June 8, 2024 LENGTH: 00:00:41 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of Italy STORYLINE: The Italian economy is expected to grow by 1 percent this year, the country's National Institute of Statistics (ISTAT) said on Thursday, revising up a previous 0.7 percent projection. The country's gross domestic product (GDP) growth rate "will be supported by the contribution of both domestic net demand of inventories and net foreign demand," ISTAT said in its report. Italy, the third largest economy in the European Union after Germany and France, will then expand by 1.1 percent in 2025. Overall, ISTAT said that private consumption in the country continues to be supported by the strengthening of the labor market and an increase in real wages. "These dynamics will lead to a growth of 0.4 percent in household consumption in 2024 and of 1 percent in 2025," it said. The labor market is also expected

                      DBS chief economist optimistic about China's growth outlook

                      STORY: DBS chief economist optimistic about China's growth outlook SHOOTING TIME: May 30, 2024 DATELINE: June 5, 2024 LENGTH: 00:02:03 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of DBS 2. various of street views in China 3. SOUNDBITE 1 (English): TAIMUR BAIG, Chief economist and managing director of DBS Group Research 4. SOUNDBITE 2 (English): TAIMUR BAIG, Chief economist and managing director of DBS Group Research 5. SOUNDBITE 3 (English): TAIMUR BAIG, Chief economist and managing director of DBS Group Research STORYLINE: DBS, Singapore's major banking group, has recently raised its forecast for China's GDP growth in 2024 to 5 percent from 4.5 percent, as a better-than-expected upturn in China's property market and trade performance propelled the economy. In an exclusive interview with Xinhua, Taimur Baig, chief economist and managing director of DBS Group Research, said China's economy has shown more positive signals of recovery. SOUNDBITE 1 (English): TAIMUR BAIG, Chief economist and man