The value of imports also fell by more than expected. Down 12. 4 onjuly a year ago, but that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period as the country continued its post covid recovery. And last month chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist, hejoins me now from tel aviv. Its a grim picture for china, isnt it . The third consecutive month of decline. Whats going wrong for them . ,. , decline. Whats going wrong for them . ,. ,. ,. , them . Some people are going to say its ust them . Some people are going to say its just basically them . Some people are going to say itsjust basically a them . Some people are going to say itsjust bas
Of the Global Economy given so many countries do so much trade with china. Chinese Government Data shows that the value of exports fell 14. 5 compared to the same month a year ago. That suggests the rest of the world is buying less stuff. The value of imports also fell by more than expected, down 12. 4 onjuly a year ago. But that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government, who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period, as the country continued its post covid recovery. And last month, chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist and has been telling me what he makes of the numbers. You know, like some people are going to say, well, this is just basically a reflection of the curren
time for a look at the business news now. we the business news now. have growth on the agendi we start in the us where we ve learned today than the world s largest economy grew by an annualised rate of 3.3% in the last three months of 2023. the growth figure was higher than expected. as always the big question is how this will feed into the us central bank the federal reserves next move on the cost of borrowing. michelle fleury is in new york for us. take us into the detail of the growth figures to begin with. where did this surprisingly high figure come from? $5 did this surprisingly high figure come from? did this surprisingly high figure come from? ~ , i. ., come from? as you said, in the final three months come from? as you said, in the final three months of come from? as you said, in the final three months of last come from? as you said, in the final three months of last year come from? as you said, in the final three months of last year on - come from? as yo
the euro zone trade surplus. a better net trade result in the first quarter came mainly from higher exports of machinery, vehicles and chemicals and a drop in imports of energy. imports from russia, once a key supplier of oil and gas to the eu, were 72.1% lower in the january march period than a year earlier as the eu stopped buying most of its energy from moscow following the russian invasion of ukraine in late february 2022. joining me is sylvain broyer, chief economist emea, s&p global ratings. what to be make of these numbers? a pretty anaemic growth figure. there are a few positives, pretty anaemic growth figure. there are a few positives, the pretty anaemic growth figure. ii” are a few positives, the european economy has avoided recession, there is an upsurge in demand partly related to the opening of china and the european industry and job creation are strong. the outlook for the second quarter and third quarter is still 0k, the second quarter and third quarter i
around 12,000 people have been left homeless after a huge fire ripped through one of the rohingya refugee camps in south east bangladesh. officials say the fire gutted around 2000 shelters in cox s bazar district. hundreds of thousands of rohingya refugees, who escaped violence in neighbouring myanmar, have been living in crammed camps near the border in bangladesh. anbarasan ethirajan reports. the bamboo shelters of rohingya refugees in cox s bazar district are no match for the raging blaze. residents ran from the huts with their meagre belongings as the fire spread quickly. it s yet another blow for the rohingya refugees who had to flee their homes from neighbouring myanmar. thousands have become homeless in a matter of few hours. it will be a challenge for the authorities to rehome those affected. nearly a million rohingya refugees live in squalid conditions and camps scattered in cox s bazar district. the latest incident will put pressure on the ongoing aid efforts. the r