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International Monetary Fund Raised Its Growth Forecast for China

YANTAI, CHINA - JULY 27, 2024 - A stadium is decorated with Chinese national flags in Yantai, Shandong province, China, July 27, 2024. On July 16, 2024, the International Monetary Fund (IMF) released its latest World Economic Outlook Report, lowering its forecast for US economic growth in 2024 by 0.1 percentage points to 2.6 percent, while raising its forecast for China's economic growth by 0.4 percentage points to 5 percent.

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International Monetary Fund Raised Its Growth Forecast for China

YANTAI, CHINA - JULY 27, 2024 - A stadium is decorated with Chinese national flags in Yantai, Shandong province, China, July 27, 2024. On July 16, 2024, the International Monetary Fund (IMF) released its latest World Economic Outlook Report, lowering its forecast for US economic growth in 2024 by 0.1 percentage points to 2.6 percent, while raising its forecast for China's economic growth by 0.4 percentage points to 5 percent.

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International Monetary Fund Raised Its Growth Forecast for China

YANTAI, CHINA - JULY 27, 2024 - A stadium is decorated with Chinese national flags in Yantai, Shandong province, China, July 27, 2024. On July 16, 2024, the International Monetary Fund (IMF) released its latest World Economic Outlook Report, lowering its forecast for US economic growth in 2024 by 0.1 percentage points to 2.6 percent, while raising its forecast for China's economic growth by 0.4 percentage points to 5 percent.

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International Monetary Fund Raised Its Growth Forecast for China

YANTAI, CHINA - JULY 27, 2024 - A stadium is decorated with Chinese national flags in Yantai, Shandong province, China, July 27, 2024. On July 16, 2024, the International Monetary Fund (IMF) released its latest World Economic Outlook Report, lowering its forecast for US economic growth in 2024 by 0.1 percentage points to 2.6 percent, while raising its forecast for China's economic growth by 0.4 percentage points to 5 percent.

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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

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Australian minimum wage to rise by 3.75 pct

STORY: Australian minimum wage to rise by 3.75 pct SHOOTING TIME: June 4, 2024 DATELINE: June 6, 2024 LENGTH: 00:01:31 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of Fair Work Commission (FWC) office 2. various of Australians in different professions 3. various of the Australian Bureau of Statistics (ABS) building STORYLINE: Australia's minimum wage will rise by 3.75 percent from the start of July, industrial relations tribunal the Fair Work Commission (FWC) ruled on Monday. From July 1, the minimum wage will increase from 23.23 Australian dollars (15.47 U.S. dollars) per hour to 24.10 Australian dollars (16.05 U.S. dollars) per hour, or 915.90 Australian dollars (609.99 U.S. dollars) per week based on a 38-hour week, FWC said. According to the commission, 20.7 percent of the Australian workforce, or approximately 2.6 million people, are paid minimum wage rates. After accounting for flow-on effects, the FWC estimates that the increase to the minimum wage will affect a quarter of a

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BELGIUM-BRUSSELS-INFLATION-MAY

(240531) -- BRUSSELS, May 31, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Bottles of wine are on display at a supermarket in Brussels, Belgium, on May 31, 2024. The Eurozone's yearly inflation rate should be reaching 2.6 percent in May, according to preliminary data published on Friday by Eurostat, the European Union's (EU) statistical bureau. Photo by Xinhua/ABACAPRESS.COM/Zhao Dingzhe)

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BELGIUM-BRUSSELS-INFLATION-MAY

(240531) -- BRUSSELS, May 31, 2024 Photo by Xinhua/ABACAPRESS.COM) -- A customer shops at a supermarket in Brussels, Belgium, on May 31, 2024. The Eurozone's yearly inflation rate should be reaching 2.6 percent in May, according to preliminary data published on Friday by Eurostat, the European Union's (EU) statistical bureau. Photo by Xinhua/ABACAPRESS.COM/Zhao Dingzhe)

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BELGIUM-BRUSSELS-INFLATION-MAY

(240531) -- BRUSSELS, May 31, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Packages of food are on display at a supermarket in Brussels, Belgium, on May 31, 2024. The Eurozone's yearly inflation rate should be reaching 2.6 percent in May, according to preliminary data published on Friday by Eurostat, the European Union's (EU) statistical bureau. Photo by Xinhua/ABACAPRESS.COM/Zhao Dingzhe)

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BELGIUM-BRUSSELS-INFLATION-MAY

(240531) -- BRUSSELS, May 31, 2024 (Xinhua) -- A customer shops at a supermarket in Brussels, Belgium, on May 31, 2024. The Eurozone's yearly inflation rate should be reaching 2.6 percent in May, according to preliminary data published on Friday by Eurostat, the European Union's (EU) statistical bureau. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-INFLATION-MAY

(240531) -- BRUSSELS, May 31, 2024 (Xinhua) -- Bottles of wine are on display at a supermarket in Brussels, Belgium, on May 31, 2024. The Eurozone's yearly inflation rate should be reaching 2.6 percent in May, according to preliminary data published on Friday by Eurostat, the European Union's (EU) statistical bureau. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-INFLATION-MAY

(240531) -- BRUSSELS, May 31, 2024 (Xinhua) -- Packages of food are on display at a supermarket in Brussels, Belgium, on May 31, 2024. The Eurozone's yearly inflation rate should be reaching 2.6 percent in May, according to preliminary data published on Friday by Eurostat, the European Union's (EU) statistical bureau. (Xinhua/Zhao Dingzhe)

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Hong Kong's value of total export up 11.9 pct in April

STORY: Hong Kong's value of total export up 11.9 pct in April SHOOTING TIME: File DATELINE: May 28, 2024 LENGTH: 00:00:45 LOCATION: HONG KONG, China CATEGORY: ECONOMY SHOTLIST: 1. various of ports in Hong Kong STORYLINE: The Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government announced on Monday that in April 2024, the values of Hong Kong's total exports and imports of goods both recorded year-on-year increases, at 11.9 percent and 3.7 percent respectively. In April, the value of total exports of goods was 378.7 billion HK dollars (about 48.5 billion U.S. dollars), and the value of imports of goods was 388.9 billion HK dollars. A visible trade deficit of 10.2 billion HK dollars, equivalent to 2.6 percent of the value of imports of goods, was recorded. A spokesman for the HKSAR government said that the value of merchandise exports grew notably in April 2024 over a year earlier. Looking ahead, Hong Kong's export performance should improve further if externa

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SWITZERLAND-GENEVA-WTO REPORT-GLOBAL TRADE

(240410) -- GENEVA, April 10, 2024 (Xinhua) -- The World Trade Organization (WTO) Chief Economist Ralph Ossa presents the WTO's annual trade statistics and outlook report at the WTO headquarters in Geneva, Switzerland, on April 10, 2024. The volume of global trade in merchandise should increase by 2.6 percent this year, the World Trade Organization (WTO) said in its annual trade statistics and outlook report published on Wednesday. (Xinhua/Lian Yi)

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SWITZERLAND-GENEVA-WTO REPORT-GLOBAL TRADE

(240410) -- GENEVA, April 10, 2024 (Xinhua) -- The World Trade Organization (WTO) Chief Economist Ralph Ossa (L) is interviewed in Geneva, Switzerland, on April 10, 2024. The volume of global trade in merchandise should increase by 2.6 percent this year, the World Trade Organization (WTO) said in its annual trade statistics and outlook report published on Wednesday. (Xinhua/Lian Yi)

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SWITZERLAND-GENEVA-WTO REPORT-GLOBAL TRADE

(240410) -- GENEVA, April 10, 2024 (Xinhua) -- The World Trade Organization (WTO) Chief Economist Ralph Ossa presents the WTO's annual trade statistics and outlook report at the WTO headquarters in Geneva, Switzerland, on April 10, 2024. The volume of global trade in merchandise should increase by 2.6 percent this year, the World Trade Organization (WTO) said in its annual trade statistics and outlook report published on Wednesday. (Xinhua/Lian Yi)

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SWITZERLAND-GENEVA-WTO REPORT-GLOBAL TRADE

(240410) -- GENEVA, April 10, 2024 (Xinhua) -- The World Trade Organization (WTO) Chief Economist Ralph Ossa presents the WTO's annual trade statistics and outlook report at the WTO headquarters in Geneva, Switzerland, on April 10, 2024. The volume of global trade in merchandise should increase by 2.6 percent this year, the World Trade Organization (WTO) said in its annual trade statistics and outlook report published on Wednesday. (Xinhua/Lian Yi)

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AUSTRIA-VIENNA-EUROZONE-FEBRUARY-INFLATION

(240301) -- VIENNA, March 1, 2024 (Xinhua) -- A woman walks past a store in Vienna, Austria, on March 1, 2024. Yearly inflation in the eurozone is expected to drop to 2.6 percent in February, down from 2.8 percent in January, according to data published by Eurostat on Friday. (Xinhua/He Canling)

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AUSTRIA-VIENNA-EUROZONE-FEBRUARY-INFLATION

(240301) -- VIENNA, March 1, 2024 (Xinhua) -- A customer shops for groceries at a supermarket in Vienna, Austria, on March 1, 2024. Yearly inflation in the eurozone is expected to drop to 2.6 percent in February, down from 2.8 percent in January, according to data published by Eurostat on Friday. (Xinhua/He Canling)

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BELGIUM-BRUSSELS-EUROZONE-FEBRUARY-INFLATION

(240301) -- BRUSSELS, March 1, 2024 (Xinhua) -- Customers shop at a supermarket in Brussels, Belgium, on March 1, 2024. Yearly inflation in the eurozone is expected to drop to 2.6 percent in February, down from 2.8 percent in January, according to data published by Eurostat on Friday. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-FEBRUARY-INFLATION

(240301) -- BRUSSELS, March 1, 2024 (Xinhua) -- A customer shops at a supermarket in Brussels, Belgium, on March 1, 2024. Yearly inflation in the eurozone is expected to drop to 2.6 percent in February, down from 2.8 percent in January, according to data published by Eurostat on Friday. (Xinhua/Zhao Dingzhe)

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U.S. Fed's closely watched inflation measure rises 2.6 pct in December

STORY: U.S. Fed's closely watched inflation measure rises 2.6 pct in December SHOOTING TIME: Jan. 22, 2024/file DATELINE: Jan. 27, 2024 LENGTH: 00:02:41 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of exterior of the U.S. Department of Commerce (file) 2. various of street views of U.S. state of New Hampshire 3. SOUNDBITE (English): LESLIE OTTEN, Voter in Dixvill Notch, New Hampshire STORYLINE: The U.S. personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, rose 2.6 percent in December, as inflation cooled amid high interest rates, the Commerce Department reported on Friday. The latest figure came after the measure in September accelerated to 3.4 percent year on year from 3.3 percent in August, before slowing to 2.9 percent in October and then to 2.6 percent in November, according to estimates released by the Commerce Department's Bureau of Economic Analysis. The PCE gauge takes into account how consumers change their behavior in light o

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Prolonged Gaza crisis undermines Jordan's tourism sector

STORY: Prolonged Gaza crisis undermines Jordan's tourism sector SHOOTING TIME: Dec. 31, 2023 DATELINE: Jan. 1, 2024 LENGTH: 00:01:52 LOCATION: Amman CATEGORY: ECONOMY SHOTLIST: 1. various of visitors in the Amman Citadel 2. various of Saba Ajlouni working in her office 3. SOUNDBITE (English): SABA AJLOUNI, Operations manager at a tourism company in Amman STORYLINE: The prolonged deadly conflict in the Gaza Strip has negatively impacted Jordan's tourism sector and cast a shadow on the country's economy, said industry insiders. A recent report by the World Bank on Jordan's economy indicated that the eruption of the conflict in the Middle East and the concerns over its prolongation or escalation carries high risks for the kingdom's economy, which is expected to grow by 2.6 percent in 2023 and slightly decline to 2.5 percent in 2024. Even in the case of a contained conflict, neighboring countries may still be perceived as a risky destination. This could have implications for Jordan's external accounts, given

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Spain welcomes record 10.1 mln tourists in July

STORY: Spain welcomes record 10.1 mln tourists in July DATELINE: Sept. 2, 2023 LENGTH: 00:01:48 LOCATION: Madrid CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of tourists in Spain STORYLINE: For the first time ever, Spain welcomed over 10 million foreign tourists in July as the tourism sector completed its recovery from the COVID-19 pandemic, the Spanish Statistical Office (INE) said on Friday. The INE's "Tourist Movements at Borders" (Frontur) study shows that 10.1 million foreign tourists visited Spain during the month, 11.4 percent more than in July 2022 and 2.6 percent more than in 2019, the year that saw the previous record for visitor numbers. In the first seven months of 2023, 47.6 million foreigners visited Spain, almost 21 percent more than in 2022 but 0.8 percent fewer than in 2019. Tourist spending between January and July was up 14.7 percent. The United Kingdom continues to be Spain's biggest source market, with 9.8 million Britons visiting the country in the first seven months of the year,

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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Japan books 13.6 bln USD current account surplus in April

STORY: Japan books 13.6 bln USD current account surplus in April DATELINE: June 8, 2023 LENGTH: 00:00:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of ports in Japan 2. various of city views in Japan STORYLINE: Japan logged a current account surplus of 1.9 trillion yen (13.6 billion U.S. dollars) in April, said a government report on Thursday. According to the Finance Ministry's preliminary information, the figure, in the black for the third consecutive month, was 76.3 percent higher than in the same period last year. According to the ministry, the country saw a goods trade deficit of 113.1 billion yen and a services trade deficit of 646.5 billion yen in the recording period. Imports decreased by 4.1 percent while exports expanded 2.6 percent year on year, the preliminary data showed. The report also said that the primary income, which reflects returns on overseas investments, booked a surplus of 3.07 trillion yen. (1 U.S. dollar equals 139.94 Japanese yen) Xinhua News Agency

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Türkiye expects to boost tourism industry in summer

STORY: Türkiye expects to boost tourism industry in summer DATELINE: June 8, 2023 LENGTH: 00:02:30 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of tourists at Antalya Airport (Courtesy of Ihlas News Agency) 2. various of tourists in coastal parts of Türkiye 3. various of tourists at Cappadocia 4. SOUNDBITE 1 (Turkish): KAAN SAHINALP, Türkiye Representative of German Travel Giant TUI 5. various of people at an exchange office in Türkiye 6. SOUNDBITE 2 (Turkish): KAAN SAHINALP, Türkiye Representative of German Travel Giant TUI STORYLINE: Türkiye is looking forward to tapping into key summer tourism industry revenues to prop up its ailing economy as foreign tourists begin to flow to sunny Turkish holiday resorts, industry professionals said. Each year, this crucial industry, which employs 2.6 million workers, generates billions of U.S. dollars, offering much-needed respite for the national economy. Türkiye's tourism income jumped to 46.3 billion dollars in 2022, a surge of over 50 percent from 30

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Japan's unemployment rate increases 2.6 pct in February

STORY: Japan's unemployment rate increases 2.6 pct in February DATELINE: March 31, 2023 LENGTH: 00:01:03 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Japan's unemployment rate increased in February from a month earlier, the government said in a report on Friday. According to the Ministry of Internal Affairs and Communications, the jobless rate rose by 2.6 percent in February from 2.4 percent in January. Separately, the Ministry of Health, Labor and Welfare said the job availability ratio dropped 0.01 points to 1.34. This equates to there being 134 job openings for every 100 people seeking work. Xinhua News Agency correspondents reporting from Tokyo. (XHTV)

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Egypt's exports to China up by nearly 21 pct in first 11 months of 2022: CAPMAS

STORY: Egypt's exports to China up by nearly 21 pct in first 11 months of 2022: CAPMAS DATELINE: March 12, 2023 LENGTH: 00:00:35 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egypt's Central Agency for Public Mobilisation and Statistics (CAPMAS) 2. various of ships carrying containers passing through a canal STORYLINE: Egypt's Central Agency for Public Mobilisation and Statistics (CAPMAS) said on Saturday the country's exports to China registered 1.7 billion USD in the first 11 months of 2022, compared to 1.4 billion USD in the same period of 2021, marking an increase of 20.8 percent. According to Egypt's state-run Al-Ahram newspaper, the trade exchange between Egypt and China rose by 2.6 percent during the first 11 months of 2022, hitting 14.9 billion USD, compared to 14.5 billion USD during the same period in 2021. Fuel, mineral oil and distillate products, cotton and fruits constitute the top 10 categories of goods shipped from Egypt to China in the first 11 months of 2022, totaling 1.3 bi

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FRANCE-PARIS-ECONOMY-GDP GROWTH

(230202) -- PARIS, Feb. 2, 2023 (Xinhua) -- People walk past a poster in Paris, France, Feb. 1, 2023. France's gross domestic product (GDP) growth in the fourth quarter (Q4) of 2022 slowed to 0.1 percent, the country's National Institute of Statistics and Economic Studies (INSEE) said on Tuesday in its preliminary quarterly report. The INSEE noted that, despite a slowdown in Q4 2022, France's GDP growth should reach 2.6 percent in 2022. (Xinhua/Gao Jing)

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FRANCE-PARIS-ECONOMY-GDP GROWTH

(230202) -- PARIS, Feb. 2, 2023 (Xinhua) -- La Defense business area is pictured in Paris, France, Feb. 1, 2023. France's gross domestic product (GDP) growth in the fourth quarter (Q4) of 2022 slowed to 0.1 percent, the country's National Institute of Statistics and Economic Studies (INSEE) said on Tuesday in its preliminary quarterly report. The INSEE noted that, despite a slowdown in Q4 2022, France's GDP growth should reach 2.6 percent in 2022. (Xinhua/Gao Jing)

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FRANCE-PARIS-ECONOMY-GDP GROWTH

(230202) -- PARIS, Feb. 2, 2023 (Xinhua) -- People enjoy the view of the city of Paris, in France, Feb. 1, 2023. France's gross domestic product (GDP) growth in the fourth quarter (Q4) of 2022 slowed to 0.1 percent, the country's National Institute of Statistics and Economic Studies (INSEE) said on Tuesday in its preliminary quarterly report. The INSEE noted that, despite a slowdown in Q4 2022, France's GDP growth should reach 2.6 percent in 2022. (Xinhua/Gao Jing)

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FRANCE-PARIS-ECONOMY-GDP GROWTH

(230202) -- PARIS, Feb. 2, 2023 (Xinhua) -- Customers spend time at a cafe in Paris, France, Feb. 1, 2023. France's gross domestic product (GDP) growth in the fourth quarter (Q4) of 2022 slowed to 0.1 percent, the country's National Institute of Statistics and Economic Studies (INSEE) said on Tuesday in its preliminary quarterly report. The INSEE noted that, despite a slowdown in Q4 2022, France's GDP growth should reach 2.6 percent in 2022. (Xinhua/Gao Jing)

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FRANCE-PARIS-ECONOMY-GDP GROWTH

(230202) -- PARIS, Feb. 2, 2023 (Xinhua) -- Workers are seen near the Arc de Triomphe in Paris, France, Feb. 1, 2023. France's gross domestic product (GDP) growth in the fourth quarter (Q4) of 2022 slowed to 0.1 percent, the country's National Institute of Statistics and Economic Studies (INSEE) said on Tuesday in its preliminary quarterly report. The INSEE noted that, despite a slowdown in Q4 2022, France's GDP growth should reach 2.6 percent in 2022. (Xinhua/Gao Jing)

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FRANCE-PARIS-ECONOMY-GDP GROWTH

(230202) -- PARIS, Feb. 2, 2023 (Xinhua) -- A tourist takes photos at the Trocadero place near the Eiffel Tower in Paris, France, Feb. 1, 2023. France's gross domestic product (GDP) growth in the fourth quarter (Q4) of 2022 slowed to 0.1 percent, the country's National Institute of Statistics and Economic Studies (INSEE) said on Tuesday in its preliminary quarterly report. The INSEE noted that, despite a slowdown in Q4 2022, France's GDP growth should reach 2.6 percent in 2022. (Xinhua/Gao Jing)

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FRANCE-PARIS-ECONOMY-GDP GROWTH

(230202) -- PARIS, Feb. 2, 2023 (Xinhua) -- La Defense business area is pictured in Paris, France, Feb. 1, 2023. France's gross domestic product (GDP) growth in the fourth quarter (Q4) of 2022 slowed to 0.1 percent, the country's National Institute of Statistics and Economic Studies (INSEE) said on Tuesday in its preliminary quarterly report. The INSEE noted that, despite a slowdown in Q4 2022, France's GDP growth should reach 2.6 percent in 2022. (Xinhua/Gao Jing)

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Canon group net profit up 2.6%

TOKYO, Japan - Toshizo Tanaka, executive vice president of Canon Inc., releases the company's earnings results for the year ended Dec. 31, 2013, at a press conference in Tokyo on Jan. 29, 2014. The maker of printers, photocopiers and cameras said its group net profit for the just-ended business year rose 2.6 percent from the previous year to 230.48 billion yen.

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Japan GDP up in April-June

TOKYO, Japan - Japanese Prime Minister Shinzo Abe answers a reporter's question in Tokyo on Aug. 12, 2013, after the country's gross domestic product data for the second quarter of 2013 was released the same day. GDP grew an annualized real 2.6 percent in the three months through June.

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Japan's April-June GDP grows

TOKYO, Japan - Japan's economic revitalization minister Akira Amari gives a press conference in Tokyo on Aug. 12, 2013 on the country's gross domestic product data for the second quarter of 2013, released the same day. GDP grew an annualized real 2.6 percent in the three months through June.

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Italy's GDP expands 0.5 pct in Q3: ISTAT

STORY: Italy's GDP expands 0.5 pct in Q3: ISTAT DATELINE: Nov. 2, 2022 LENGTH: 0:01:12 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of Italy's economic development STORYLINE: Italy's economic growth streak continued in the third quarter of this year, with the country registering 0.5 percent growth from the previous quarter, the government's main statistics entity reported Monday. According to the National Institute of Statistics (ISTAT), it was the seventh three-month period in a row that Italy's economy expanded. This growth started in the first quarter of last year, as the country began to recover from the worst part of the COVID-19 pandemic. ISTAT's preliminary data also showed that Italy's gross domestic product (GDP) was 2.6 percent higher at the end of the third quarter than the same period last year. However, the Italian economy slowed over the second half of this year, with higher energy prices and global supply chain issues sparked by the conflict between Russia and Ukraine exerting a

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Australia's cash rate jumps to 2.6 pct after 6th straight increase

STORY: Australia's cash rate jumps to 2.6 pct after 6th straight increase DATELINE: Oct. 5, 2022 LENGTH: 00:00:54 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of Australia 2. shot of the Reserve Bank of Australia 3. various of Australia STORYLINE: The Reserve Bank of Australia (RBA) on Tuesday announced a rate hike for the 6th consecutive month, lifting its cash rate target by 25 basis points to 2.6 percent. Regarding inflation in Australia as "too high," RBA Governor Philip Lowe noted in a statement that a further increase in inflation is expected over the months ahead, before inflation declines back towards the 2-3 percent range. "Global factors explain much of this high inflation, but strong domestic demand relative to the ability of the economy to meet that demand is also playing a role," said the governor, adding that the increase will help achieve a more sustainable balance of demand and supply. The central bank has rolled out a series of rate hikes since May, which led the i

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AUSTRALIA-SYDNEY-CASH RATE-HIKE

(221004) -- SYDNEY, Oct. 4, 2022 (Xinhua) -- Photo taken on Oct. 4, 2022 shows the Reserve Bank of Australia (RBA) in Sydney, Australia. The RBA on Tuesday announced a rate hike for the 6th consecutive month, lifting its cash rate target by 25 basis points to 2.6 percent. (Photo by Hu Jingchen/Xinhua)

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AUSTRALIA-SYDNEY-CASH RATE-HIKE

(221004) -- SYDNEY, Oct. 4, 2022 (Xinhua) -- Photo taken on Oct. 4, 2022 shows a bank in Sydney, Australia. The Reserve Bank of Australia (RBA) on Tuesday announced a rate hike for the 6th consecutive month, lifting its cash rate target by 25 basis points to 2.6 percent. (Photo by Hu Jingchen/Xinhua)