Search｜Photos & Images & Videos｜KYODO NEWS IMAGES INC

Tokyo stocks tumble

A financial data monitor in Tokyo shows the 225-issue Nikkei Stock Average having plunged nearly 1,300 points from the previous day to close at 31,714.03 on April 9, 2025, as fears of an economic slowdown escalate after the United States imposed additional country-specific tariffs, including on Japan.

E

Tokyo stocks tumble

A financial data monitor in Tokyo shows the 225-issue Nikkei Stock Average having plunged nearly 1,300 points from the previous day to close at 31,714.03 on April 9, 2025, as fears of an economic slowdown escalate after the United States imposed additional country-specific tariffs, including on Japan.

E

Livestock market stagnates amid inflation in Türkiye's Ankara as Eid approaches

STORY: Livestock market stagnates amid inflation in Türkiye's Ankara as Eid approaches SHOOTING TIME: June 12, 2024 DATELINE: June 14, 2024 LENGTH: 00:04:17 LOCATION: Ankara CATEGORY: SOCIETY/ECONOMY SHOTLIST: 1. various of the livestock markets 2. SOUNDBITE 1 (Turkish): CUMALI IZOL, Livestock seller 3. SOUNDBITE 2 (Turkish): ORHAN DINC, Livestock seller 4. SOUNDBITE 3 (Turkish): CEVAT KARSLI, Livestock seller STORYLINE: Unlike previous years, livestock markets in Ankara are experiencing a noticeable slowdown leading up to the Muslim festival Eid al-Adha due to the country's struggle with high inflation. A sharp decline in consumer purchasing power has dampened the excitement of the four-day festival due to start on Sunday in Türkiye, traders told Xinhua in one market in the Muhye neighborhood of the Turkish capital city. "Sales have plummeted this year. Compared to last year, business is significantly lower. Most of our colleagues have not managed to sell a single animal," Cumali Izol, a livestock

E

Turkish central bank keeps policy rate unchanged at 50 pct

STORY: Turkish central bank keeps policy rate unchanged at 50 pct SHOOTING TIME: File DATELINE: May 24, 2024 LENGTH: 00:01:06 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish central bank 2. various of Turkish lira 3. various of Turkish central bank 4. various of Turkish lira 5. various of Turkish central bank STORYLINE: Türkiye's central bank announced on Thursday that it would keep its interest rate unchanged at 50 percent, which is in line with market expectations. "Considering the lagged effects of the monetary tightening, the committee decided to keep the policy rate unchanged but reiterated that it remains highly attentive to inflation risks," the bank said in a statement. The bank said that the underlying trend of monthly inflation registered a limited decline in April, while the recent indicators point to a slowdown in domestic demand compared to the first quarter. Meanwhile, consumption goods imports increased in April, limiting the improvement in the current account balance.

E

Italy's economy performs well but slowdown expected: IMF

STORY: Italy's economy performs well but slowdown expected: IMF SHOOTING TIME: May 21, 2024 DATELINE: May 22, 2024 LENGTH: 00:00:49 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of stores in Rome STORYLINE: The International Monetary Fund (IMF) on Monday said that while Italy had good recoveries from economic shocks in recent years, the economy's prospects were only "moderate" going forward. In its annual Staff Concluding Statement, the IMF said that Italy recovered from the back-to-back shocks of the coronavirus pandemic and the spike in energy prices sparked by the Ukraine crisis and that as of the end of the first quarter of this year, its economy was 4.5 percent larger than before the pandemic -- "a stronger performance than in other large euro-area countries," the IMF said in a statement. That growth, the fund said, was fueled by a recovery in tourism, tax credits, and projects funded by European Union (EU) pandemic recovery loans and grants. But the IMF said Italy was unlikely to

E

U.S. GDP growth slows to annual rate of 1.6 pct in Q1

STORY: U.S. GDP growth slows to annual rate of 1.6 pct in Q1 SHOOTING TIME: April 25, 2024 DATELINE: April 26, 2024 LENGTH: 0:01:06 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of exterior of U.S. Department of Commerce (April 25, 2024) STORYLINE: The U.S. gross domestic product (GDP) growth rate slowed down to an annual rate of 1.6 percent in the first quarter of this year, the U.S. Department of Commerce reported on Thursday. The latest data marks a sharp slowdown from the fourth quarter in 2023, when GDP grew by 3.4 percent, according to the Bureau of Economic Analysis. Compared to the fourth quarter, the deceleration of real GDP in the first quarter primarily reflected decelerations in consumer spending, exports, and state and local government spending and a downturn in federal government spending. These movements were partly offset by an acceleration in residential fixed investment. The newly released GDP estimate for the first quarter, in what was called an "advance" e

E

Lack of competition driving decline in Australian living standards, productivity: report

STORY: Lack of competition driving decline in Australian living standards, productivity: report SHOOTING TIME: March 29, 2024 DATELINE: March 30, 2024 LENGTH: 0:01:40 LOCATION: Canberra CATEGORY: SOCIETY SHOTLIST: 1. various of Australian Parliament House 2. various of flights (Virgin, Rex, Qantas) 3. various of Australian Banks (ANZ, Westpac, Commonwealth Bank) 4. various of Australian telecommunications companies (Telstra, Optus, Vodafone) STORYLINE: The living standards of Australians are under threat from a lack of competition in the private sector, a parliamentary inquiry has warned. In a report published on Wednesday, the federal parliament's bipartisan Standing Committee on Economics found that there has been a decline or stagnation in competition in Australia and a rise in market concentration across a range of sectors. It attributed the slowdown in Australia's productivity over the past decade to reduced competition, increased market concentration, slower private investment in new technology and

E

Italy's inflation remains at 0.8 pct in February

STORY: Italy's inflation remains at 0.8 pct in February SHOOTING TIME: March 15, 2024 DATELINE: March 16, 2024 LENGTH: 00:00:58 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of National Statistics Institute (ISTAT) in Italy 2. various of streets in Rome STORYLINE: Italy's inflation rate remained stable at 0.8 percent in February, the same level as in January, the national statistics agency said on Friday. Data released by the National Statistics Institute (ISTAT) showed Italy's consumer price index rose by 0.1 percent in month-on-month terms in February. The index increased by 0.3 percent in January compared to December 2023. ISTAT attributed the low inflation rate to a slowdown in price increases for processed and unprocessed food, transportation services and recreational activities. Regulated and unregulated energy products saw prices drop compared to a year earlier, though by a smaller margin than in January. The Italian government introduced a series of anti-inflation measures betwe

E

Australian treasurer warns of economic slowdown ahead of GDP data

STORY: Australian treasurer warns of economic slowdown ahead of GDP data SHOOTING TIME: March 1, 2024 DATELINE: March 2, 2024 LENGTH: 00:01:03 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of Australian supermarket 2. various of Australians shopping STORYLINE: The Australian economy is facing a significant slowdown but will likely avoid a recession, Treasurer Jim Chalmers said on Thursday. Speaking from the G20 Finance Ministers and Central Bank Governors meetings in Brazil, he told the Australian Broadcasting Corporation (ABC) that while inflation is falling in Australia, the country is "not immune" to weak global growth. "We expect growth in our economy to be quite weak," Chalmers told ABC radio. "And as we deal with this inflation challenge, we also need to deal with the fact that people have been under pressure and that's had consequences for growth in our economy." The federal government will release the gross domestic product (GDP) figures for the final quarter of 2023 early in March.

E

INDONESIA-JAKARTA-GDP GROWTH

(230506) -- JAKARTA, May 6, 2023 (Xinhua) -- This photo taken on May 6, 2023 shows a city view of Jakarta, Indonesia. Indonesia posted an economic growth rate of 5.03 percent in the first quarter of 2023, up from 4.02 percent in the same period last year, despite a slowdown in the global economy, according to Statistics Indonesia (BPS) on Friday. (Xinhua/Xu Qin)

E

Indonesia's GDP expands 5.05 pct in 2023

STORY: Indonesia's GDP expands 5.05 pct in 2023 SHOOTING TIME: Feb. 5, 2024, FILE DATELINE: Feb. 6, 2024 LENGTH: 00:01:47 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1.various of press conference 2.various of trade and factories (file) 3.various of Jakarta-Bandung High-speed Railway (file) 4.various of supermarkets (file) 5.various of ports (file) STORYLINE: The Indonesian economy expanded 5.05 percent year-on-year in 2023, lower than the previous year's 5.31 percent, Statistics Indonesia (BPS) announced on Monday. The gross domestic product (GDP) grew on a quarterly basis from 4.94 percent in the third quarter from July to September 2023 to 5.04 percent in the last quarter of 2023. "Despite the global economic slowdown and declining prices for major commodities, Indonesia's GDP is still expanding steadily at a rate of 5.05 percent," said acting head of the BPS Amalia Widyasanti at a press conference. The islands with the biggest GDP increase were Kalimantan, the site of a new capital city un

E

Sweden's central bank leaves key interest rate unchanged

STORY: Sweden's central bank leaves key interest rate unchanged SHOOTING TIME: Feb. 1, 2024 DATELINE: Feb. 2, 2024 LENGTH: 00:01:16 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Riksbanken, Sweden's central bank 2, various of SEB bank 3, various of Handelsbanken 4, various of street views of Stockholm STORYLINE: Sweden's central bank, the Riksbank, decided on Thursday to keep its benchmark interest rate (policy rate) unchanged at 4 percent, but said it is likely to be lowered sooner than previously expected. The decision was based on statistics showing a continuous slowdown of inflation in November and December, but the monetary policy has to remain contractionary to stabilize inflation around the targeted 2 percent, the Riksbank said in a press release. The Swedish economy has slowed down and wages have increased moderately, indicating that inflation is likely to fall further, the Riksbank said. The policy rate may, therefore, be lowered sooner than indicated in November, possibly durin

E

OECD urges reforms in Italian economy report

STORY: OECD urges reforms in Italian economy report SHOOTING TIME: Jan. 22, 2024 DATELINE: Jan. 23, 2024 LENGTH: 00:00:50 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of screenshots of the report 2. various of street views in Rome STORYLINE: The Organization for Economic Cooperation and Development (OECD) on Monday released a report on Italian economy, suggesting an array of reforms that it said would help the country avoid an economic slowdown. The Italian government's statistics entity has estimated that the country's economy grew 0.7 percent in 2023, slightly better than the EU estimate of 0.6 percent for the eurozone. In its report, the OECD said Italy was at risk of slower growth if it did not make certain reforms, including scaling back pensions for the wealthiest residents. "Reducing the generosity of pensions for high-income households could limit the increase in spending (on pensions), while maintaining adequate public services and social protections," the report said. The

E

TÜRKIYE-ANKARA-HOPES-NEW YEAR

(240101) -- ANKARA, Jan. 1, 2024 (Xinhua) -- Nesrin Kayabasi cooks in a kitchen in Ankara, Türkiye, Dec. 28, 2023. TO GO WITH "Feature: Amid ongoing conflicts, economic slowdown, people in Mideast retain hopes for better year in 2024" (Photo by Mustafa Kaya/Xinhua)

E

TÜRKIYE-ANKARA-HOPES-NEW YEAR

(240101) -- ANKARA, Jan. 1, 2024 (Xinhua) -- Nesrin Kayabasi receives an interview from Xinhua in a kitchen in Ankara, Türkiye, Dec. 28, 2023. TO GO WITH "Feature: Amid ongoing conflicts, economic slowdown, people in Mideast retain hopes for better year in 2024" (Photo by Mustafa Kaya/Xinhua)

E

Spanish economist warns of Eurozone's sluggish economy in 2024

STORY: Spanish economist warns of Eurozone's sluggish economy in 2024 SHOOTING TIME: Dec. 20, 2023 DATELINE: Dec. 21, 2023 LENGTH: 00:02:05 LOCATION: BARCELONA, Spain CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (Catalan): SERGI BASCO, Associate professor of economics at Barcelona University 2. SOUNDBITE 2 (Catalan): SERGI BASCO, Associate professor of economics at Barcelona University 3. various of street views of Spain STORYLINE: A Barcelona-based Spanish economist has recently warned that the Eurozone will see sluggish economic growth in 2024 as the continuing efforts to curb inflation may lead to unemployment. SOUNDBITE 1 (Catalan): SERGI BASCO, Associate professor of economics at Barcelona University "The European authorities are only concerned about inflation and in that sense, they're doing a good job because inflation is coming down, but the risk is that they overdo it and put interest rates up too much and we'll see an excessive slowdown in growth in 2024 and 2025" The forecast for the Eurozone is

E

Australia's economic growth slows to 0.2 pct in Q3

STORY: Australia's economic growth slows to 0.2 pct in Q3 SHOOTING TIME: Dec. 6, 2023 DATELINE: Dec. 7, 2023 LENGTH: 0:00:41 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Australia 2. various of market, park, bank and train station in Australia STORYLINE: Australia's economic growth slowed to 0.2 percent in the third quarter of 2023. According to the Australian Bureau of Statistics on Wednesday, Australia's gross domestic product (GDP) rose 0.2 percent in the third quarter. It marked the eighth straight quarter of economic growth but a fall from 0.4 percent growth in the three months to the end of June. The Australian Associated Press reported that economists had projected economic growth of 0.5 percent in the September quarter. In the 12 months to the end of September, Australia's GDP grew 2.1 percent, the data showed. Responding to the data, Treasurer Jim Chalmers said in a statement that the economic slowdown was an inevitable consequence of higher inter

E

China-ASEAN cooperation to help global economy: expert

STORY: China-ASEAN cooperation to help global economy: expert DATELINE: Sept. 8, 2023 LENGTH: 00:01:05 LOCATION: Jakarta CATEGORY: POLITICS SHOTLIST: 1. various of Jakarta 2. SOUNDBITE (English): MOHAMMAD FAISAL, Executive director, Center of Reform on Economics (CORE) Indonesia STORYLINE: The 43rd Association of Southeast Asian Nations (ASEAN) Summit concluded in Jakarta on Thursday with a series of outcomes despite rising uncertainties globally. The summit under Indonesia's ASEAN chairmanship this year is themed "ASEAN Matters: Epicentrum of Growth." An Indonesian expert has said that cooperation between China and ASEAN will help the global economy to prevent further slowdown. SOUNDBITE (English): MOHAMMAD FAISAL, Executive director, Center of Reform on Economics (CORE) Indonesia "If you look at this recent development, especially with the slowdown of global growth, ASEAN's economic growth is relatively more resilient. I think it's partly because of ASEAN's exposure or cooperation with many other coun

E

India's factory output hits three-month low at 3.7% in June

STORY: India's factory output hits three-month low at 3.7% in June DATELINE: Aug. 13, 2023 LENGTH: 00:01:15 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of manufacturing activities 3. various of packaging STORYLINE: Factory output in India has faced a notable slowdown, reaching a three-month low of 3.7 percent in June. This decline is mainly attributed to slower growth in manufacturing and an impact from a high-base effect, according to data released by the National Statistical Office (NSO) on Friday. The manufacturing sector, which holds a significant weight of 77.6 percent in the Index of Industrial Production (IIP), experienced a mere 3.1 percent growth in June. This is a substantial drop from the 12.9 percent growth witnessed in the same period last year, as well as a decrease from the 5.8 percent growth seen in May. As per the IIP data, 14 out of the 23 sectors in manufacturing experienced a contraction in June. Notably, sectors such as food, textiles, and elec

E

China's Global Development Initiative essential for post-pandemic world: Turkish scholar

STORY: China's Global Development Initiative essential for post-pandemic world: Turkish scholar DATELINE: June 14, 2023 LENGTH: 00:01:19 LOCATION: ISTANBUL, Türkiye CATEGORY: POLITICS SHOTLIST: 1. various of the Chinese economy 2. SOUNDBITE 1 (English): SELCUK COLAKOGLU, Director of Ankara-based Turkish Center for Asia-Pacific Studies 3. various of street views in New York, U.S. 4. SOUNDBITE 2 (English): SELCUK COLAKOGLU, Director of Ankara-based Turkish Center for Asia-Pacific Studies 5. various of the Chinese economy STORYLINE: A Turkish scholar has said that the Global Development Initiative (GDI) proposed by China provides a guideline for the post-pandemic world. SOUNDBITE 1 (English): SELCUK COLAKOGLU, Director of Ankara-based Turkish Center for Asia-Pacific Studies "Before the pandemic, there was (already) a slowdown in global development in general, and the pandemic accelerated this global economic slowdown. And national economies have suffered more because of the pandemic measures, (with) increasi

E

UN-Habitat assembly wraps up with resolve to revitalize new urban agenda

STORY: UN-Habitat assembly wraps up with resolve to revitalize new urban agenda DATELINE: June 10, 2023 LENGTH: 00:02:48 LOCATION: Nairobi CATEGORY: ENVIRONMENT SHOTLIST: 1. various of the United Nations Habitat assembly STORYLINE: The second session of the United Nations Habitat assembly ended Friday with delegates resolving to inject fresh impetus into ongoing efforts to renew cities that host more than 50 percent of the global population. Kenya hosted the June 6-9 assembly themed "A sustainable urban future through inclusive and effective multilateralism: achieving the sustainable development goals in times of global crises." The assembly, which also featured high-level dialogues, panel discussions, themed side events and exhibitions, sought to recalibrate the new global urban agenda amid multiple global challenges like the climate crises, negative impacts of the COVID-19 pandemic, conflicts, economic slowdown and geopolitical tensions. "The second session of the UN-Habitat assembly was a true demons

E

EBRD lowers Egypt's 2023 GDP growth forecast to 4.2 pct

STORY: EBRD lowers Egypt's 2023 GDP growth forecast to 4.2 pct DATELINE: May 17, 2023 LENGTH: 00:01:10 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of shops Egyptian people shopping 2. various of the central bank of Egypt STORYLINE: The European Bank for Reconstruction and Development (EBRD) has lowered Egypt's inflation-adjusted GDP growth forecast for 2023 by 0.1 percent to 4.2 percent, Egypt's Al-Ahram newspaper reported on Tuesday. The report cites challenges such as inflation, tight monetary conditions, difficulties in obtaining external financing, and delays in structural reforms and asset sales. Egypt's real GDP growth in the first half of the current fiscal year 2022/23 was 4.2 percent, a significant decline compared to the same period of the previous fiscal year. The EBRD noted that the slowdown was driven by a decline in the manufacturing and construction sectors due to foreign currency shortages, and reduced Suez Canal and tourism revenues. Xinhua News Agency correspondent

E

INDONESIA-JAKARTA-GDP GROWTH

(230506) -- JAKARTA, May 6, 2023 (Xinhua) -- This photo taken on May 6, 2023 shows a city view of Jakarta, Indonesia. Indonesia posted an economic growth rate of 5.03 percent in the first quarter of 2023, up from 4.02 percent in the same period last year, despite a slowdown in the global economy, according to Statistics Indonesia (BPS) on Friday. (Xinhua/Xu Qin)

E

Indonesia records 5.03 pct GDP growth in Q1

STORY: Indonesia records 5.03 pct GDP growth in Q1 DATELINE: May 6, 2023 LENGTH: 00:01:03 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of city view 2. various of port 3. various of banks STORYLINE: Indonesia posted an economic growth rate of 5.03 percent in the first quarter of 2023, up from 4.02 percent in the same period last year, despite a slowdown in the global economy, according to Statistics Indonesia (BPS) on Friday. The GDP growth recorded minus 0.92 percent on a quarterly basis, a contraction that always takes place in the January-March period, said BPS deputy for balance sheet and statistical analysis Edy Mahmud. "This 5.03 percent indicates the trend of Indonesia's economic growth is still stable," said the official at a press conference. People's movement has increased as a result of the lifting of restrictions on community activities since December 2022, due to the controlled transmission of COVID-19. Between January and March of this year, the transportation secto

E

Thai central bank official perceives China as stabilizer, driving force for global economy

STORY: Thai central bank official perceives China as stabilizer, driving force for global economy DATELINE: April 20, 2023 LENGTH: 00:02:35 LOCATION: Bangkok CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): PITI DISYATAT, Assistant governor of the Bank of Thailand 2. SOUNDBITE 2 (English): PITI DISYATAT, Assistant governor of the Bank of Thailand 3. SOUNDBITE 3 (English): PITI DISYATAT, Assistant governor of the Bank of Thailand 4. various of city views of China 5. various of Chinese tourists arriving at Thailand STORYLINE: The Chinese economy, rebounding from the COVID-19 pandemic, serves as the stabilizer and driving force for the regional and global economy, a Thailand's central bank senior official has said. SOUNDBITE 1 (English): PITI DISYATAT, Assistant governor of the Bank of Thailand "Asia is the fastest growing region in the world despite the slowdown, and China is playing an important part of that. The world economy is going through a high inflation period and a growth slowdown. China ha

E

China's rebound "additive" needed to promote global growth in 2023: WB president

STORY: China's rebound "additive" needed to promote global growth in 2023: WB president DATELINE: April 14, 2023 LENGTH: 00:01:21 LOCATION: Washington, D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. SOUNDBITE 1 (English): PAN LIJUN, Xinhua correspondent 3. SOUNDBITE 2 (English): DAVID MALPASS, World Bank Group President STORYLINE: China's economic rebound is an "additive" needed for a year like 2023 where global growth is expected to be weak, said World Bank Group President David Malpass while answering a question from Xinhua on Thursday. SOUNDBITE 1 (English): PAN LIJUN, Xinhua correspondent "Thank you, David, for taking my question. So you have recently warned of a global economic slowdown this year with China and India being two notable exceptions. So would you please elaborate more on the momentum of the Chinese economy, and what an improved Chinese outlook means to the world, a fragile global economic landscape? Thank you." SOUNDBITE 2 (English): DAVID MALPASS, World Bank Gro

E

China, India "two exceptions" to global slowdown this year: World Bank chief

STORY: China, India "two exceptions" to global slowdown this year: World Bank chief DATELINE: April 12, 2023 LENGTH: 00:02:06 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of World Bank Group President David Malpass in conversation with IMF Managing Director Kristalina Georgieva 2. various of IMF headquarters during spring meetings STORYLINE: China and India are "two exceptions to the slowdown" that the global economy is expected to experience this year, World Bank Group President David Malpass has said. Malpass made the remarks in a media call ahead of the International Monetary Fund and World Bank Spring Meetings week, according to a press release posted at the worldbank.org on Monday. "Global growth is expected to be weak this year, slowing to 2 percent from 3.1 percent in 2022. For the U.S., we're expecting a slowdown to 1.2 percent from 2.1 percent in 2022," said Malpass. "Several factors are weighing on the second half outlook: Oil prices have jumped back above 80 U.S. dollars a

E

U.S.-WASHINGTON D.C.-WORLD BANK-GLOBAL ECONOMY

(230411) -- WASHINGTON D.C., April 11, 2023 (Xinhua) -- Pedestrians walk past the World Bank headquarters in Washington, D.C., the United States, April 10, 2023. China and India are "two exceptions to the slowdown" that the global economy is expected to experience this year, World Bank Group President David Malpass has said. Malpass made the remarks in a media call ahead of the International Monetary Fund and World Bank Spring Meetings week, according to a press release posted at the worldbank.org on Monday. (Xinhua/Liu Jie)

E

U.S.-WASHINGTON D.C.-WORLD BANK-GLOBAL ECONOMY

(230411) -- WASHINGTON D.C., April 11, 2023 (Xinhua) -- Pedestrians walk past the World Bank headquarters in Washington, D.C., the United States, April 10, 2023. China and India are "two exceptions to the slowdown" that the global economy is expected to experience this year, World Bank Group President David Malpass has said. Malpass made the remarks in a media call ahead of the International Monetary Fund and World Bank Spring Meetings week, according to a press release posted at the worldbank.org on Monday. (Xinhua/Liu Jie)

E

LEBANON-BEIRUT-ECONOMY-REAL ESTATE

(230411) -- BEIRUT, April 11, 2023 (Xinhua) -- Unfinished buildings are pictured in Kantari, Beirut of Lebanon, on April 9, 2023. The development of Lebanon's real estate sector is slowing down, with demand for properties falling by around 80 percent in 2022 and 2023 compared to the years before the 2019 financial crisis, said economists and real estate developers. TO GO WITH "Roundup: Lebanon's real estate sector sees major slowdown as financial crisis deepens" (Photo by Dana Halawi/Xinhua)

E

Philippines to post robust growth despite inflation pressures: ADB

STORY: Philippines to post robust growth despite inflation pressures: ADB DATELINE: April 4, 2023 LENGTH: 00:02:20 LOCATION: Manila CATEGORY: ECONOMY SHOTLIST: 1. various of ADB headquarters 2. various of street views of Manila STORYLINE: Philippine economic growth is expected to remain in a healthy expansion mode this year from 2022's forecast-beating outturn, underpinned by rising domestic demand and a recovery in services, particularly tourism, according to a new Asian Development Bank (ADB) report released on Tuesday. Asian Development Outlook (ADO) April 2023, the ADB's flagship economic publication, expects the Philippine economy to grow by 6.0 percent this year, climbing further by 6.2 percent in 2024. The report says a recovery in employment and retail trade, sustained expansion in the manufacturing sector, and rising public infrastructure spending will support growth. However, it warns that risks from a sharper-than-expected slowdown in major advanced economies, heightened geopolitical

E

UK-China business ties experiencing "reset moment": chief of China-Britain Business Council

STORY: UK-China business ties experiencing "reset moment": chief of China-Britain Business Council DATELINE: March 24, 2023 LENGTH: 00:02:17 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. various of views in London 2. STANDUP (English): MARTINA FUCHS, Xinhua reporter 3. SOUNDBITE (English): ANDREW SEATON, Chief Executive, China-Britain Business Council 4. various of views in London STORYLINE: STANDUP (English): MARTINA FUCHS, Xinhua reporter "China is the United Kingdom's third-largest trading partner, and many British businesses have found huge success in the Chinese market. But the global economic slowdown, geo-political tensions, and the COVID-19 pandemic have all had an impact. Here in the British capital, I sat down with Andrew Seaton, CEO of the China-Britain Business Council, to talk about his outlook for bilateral relations." SOUNDBITE (English): ANDREW SEATON, Chief Executive, China-Britain Business Council "I think what most people will see is a sense of cautious optimism. The official forecast

E

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)

E

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)

E

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)

E

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)

E

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)

E

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)

E

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)

E

More global cooperation urged at Davos amid world economic slowdown

STORY: More global cooperation urged at Davos amid world economic slowdown DATELINE: Jan. 18, 2023 LENGTH: 0:01:42 LOCATION: DAVOS, Switzerland CATEGORY: ECONOMY SHOTLIST: 1 STANDUP (English): LI CHAO, Xinhua correspondent 2 SOUNDBITE 1 (English): SAADIA ZAHIDI, WEF Managing Director 3 SOUNDBITE 2 (English): BORGE BRENDE, WEF President STORYLINE: STANDUP (English): LI CHAO, Xinhua correspondent "Global cooperation should be accelerated as the world economy slows down sharply, said attendees at the World Economic Forum's annual meeting kicking off Monday in Davos, Switzerland. The meeting, themed 'Cooperation in a Fragmented World,' is being held at a time when various challenges threaten world economic recovery, such as the energy crisis, the food crisis, high inflation, interruption of industrial chains, and retreat from globalization, said officials and scholars gathering at the event." SOUNDBITE 1 (English): SAADIA ZAHIDI, WEF Managing Director "It is important that we rebuild international cooperat

E

Yearender: Xinhua's top 10 world news events in 2022

(221230) -- BEIJING, Dec. 30, 2022 (Xinhua) -- This photo taken on April 20, 2022 shows the U.S. Federal Reserve in Washington, D.C., the United States. Xinhua's top 10 world news events in 2022 Fed's aggressive rate hikes scourge global economy The U.S. Federal Reserve raised interest rates by 25 basis points on March 16 to stem a surge in inflation, beginning its new round of rate-hiking cycle. Throughout this year, the Fed has raised interest rates seven times in a row, with a cumulative increase of 425 basis points. The Fed's aggressive rate hikes have caused the exchange rates of many currencies to fall to historic lows, the imported inflationary pressure to increase sharply, the risk of debt default to rise, and the financial markets to swing wildly. The U.S. tightening of liquidity has pulled up the exchange rate of the U.S. dollar and transferred the crisis outward, which has led to the tightening of global financial conditions and the slowdown of world economic growth, wreaking havoc on

E

Japan's economy logs 0.5% annualized rise in April-June qtr

TOKYO, Japan - Hiroko Ota, state minister in charge of economic and fiscal policy, speaks about Japan's economy during a news conference in Tokyo on Aug. 13. The government said the same day that Japan's economy posted a weaker-than-expected 0.5 percent annualized expansion in real terms during the April-June period from the previous quarter on a slowdown of growth in exports to the United States and in private domestic consumption.

E

Slack real estate business takes toll on China's economy

BEIJING, China - A worker takes a break at a condominium complex construction site in Beijing on Oct. 13, 2014. Sluggish real estate business is viewed as a major culprit behind China's economic slowdown to a relatively low year-on-year growth rate of 7.3% in the July-September quarter.

E

G-20 mulls fiscal steps to underpin growth

CAIRNS, Australia - Japan's Finance Minister Taro Aso meets with reporters on Sept. 20, 2014, in Cairns, Australia, where he attended the meeting of finance chiefs of the Group of 20 leading economies. They discussed whether they can launch fiscal measures to underpin the global economy amid increasing concerns over an economic slowdown.

E

Aso, Lew agree Japan, U.S. should take lead in global recovery

CAIRNS, Australia - Japanese Finance Minister Taro Aso (L) and U.S. Treasury Secretary Jack Lew talk before their official meeting in Cairns, Australia, on Sept. 19, 2014. The two agreed to seek sustainable economic recovery in their countries to ensure the global economy will continue to grow despite a slowdown in the eurozone.

E

Housing exhibition held in Beijing

BEIJING, China - Chinese people visit a housing exhibition in Beijing on Sept. 18, 2014, amid concern over China's economic slowdown due to a continuing drop in house prices.

E

Realty firm sees few visitors at trade fair in Beijing

BEIJING, China - Officials of a real estate company wait for visitors to its booth at a realty fair in Beijing on April 10, 2014, amid an economic slowdown in China.

E

APEC trade ministers meeting

KAZAN, Russia - Trade ministers of the Asia-Pacific Economic Cooperation forum meet in Kazan, Russia, on June 4, 2012. They agreed on the importance of strengthening free trade within the bloc to counter the spread of protectionism fuelled by concerns about a global economic slowdown.

E

Sharp's Sakai plant in Osaka Pref.

OSAKA, Japan - Aerial photo taken Jan. 28, 2012, shows Sharp Corp.'s Sakai plant in Sakai, Osaka Prefecture. The electronics maker said Feb. 1, 2012, the company is likely to fall into the red in the business year ending March 31, 2012, revising its financial results forecast downward due to greater-than-expected price declines in liquid crystal display televisions and solar batteries as well as the global economic slowdown.

E

BOJ chief Shirakawa at press conference

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa gives a press conference at the BOJ head office in Tokyo on Dec. 21, 2011. The Bank of Japan said in its statement that the pickup in Japan's economic activity has paused amid a slowdown in overseas economies and the strong yen.