As Fidel Castro's socialist revolution marks another anniversary on New Year's Day, Cubans are certain the 65th consecutive year of failed socialist policies will continue to be a disaster. Coming to the end of what some are saying is Cuba's worst economic year, Cubans have no reason to believe 2024 will be any better. Instead,
China’s annual session of the National People’s Congress (NPC) last week set an annual economic growth target that – at ‘above 6 per cent’ - looks conservative to many and, as such, it is likely that the country’s demand for oil will be significantly higher than is implied in the growth figure. “The soft economic growth target is a really low bar considering that annual growth prints will be boosted by favourable base effects,” Eugenia Victorino, head of Asia strategy for SEB in Singapore told
OilPrice.com last week. “China’s GDP growth is likely to come in around 15-17 per cent year-on-year [y-o-y] in Q1…and we expect output to rise by 8.0 per cent year-on-year this year,” she added.