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China s services activity growth eases in April, but new business and export orders accelerate

China’s Caixin/S&P Global services purchasing managers’ index (PMI) remained in expansionary territory for the 16th straight month in April, but eased from March, data released on Monday showed.

Caixin insight groupWang zheCaixin insightChina newsHina updateChina servicesCaixins ampp global services purchasing managers index pmiAixins ampp globalChinese service providersUndp reportManufacturing sectorsNew export ordersRoperty sector crisisService providersServices activityTourism activity

The economy seems weaker than advertised, and inflation is still running hot—it s the worst of both worlds

David Donabedian, CIO of CIBC Private Wealth U.S., warned the spike in core inflation seen in the latest GDP report is a major setback for the economy and the Fed.

United statesPaul ashworthDavid russellDavid donabedianWilliam blairJerome powellJamie dimonVeronica clarkGregory dacoBureau of economic analysisDow jonesFederal reserveEconomic analysisProfessional forecastersFed chair jerome powellChair powell

The US economy may be barrelling towards stagflation, an outcome worse than recession

As US growth shows signs of sputtering and inflation keeps rising, a re-run of the tumultuous 1970s is looking more likely.

New yorkUnited statesDavid donabedianPaul volckerJpmorgan jamie dimonPooja sriramFederal reserveBureau of economic analysisEconomic club of new yorkFed chairman paul volckerJamie dimonEconomic clubChair powellUs federal reserveUndp reportUnexpected inflation

India To Become 3rd Largest Economy With GDP Of USD 5 Trillion In 3 Years: Finance Ministry

Ten years ago, India was the 10th largest economy in the world, with a GDP of USD 1.9 trillion at current market prices.

New delhiV anantha nageswaranNirmala sitharamanAlso readFinance ministryInterim budgetCheck what report sayChief economic adviserv anantha nageswaranHigh return investment scamWith inputs fromIndia gdpFinance ministryNirmala sitharamanAdp reportUndp report

India among top countries with high income, wealth inequality: new UNDP report

The 2024 Asia-Pacific Human Development Report, launched on November 6, paints a qualified picture of long-term progress but also persistent disparity and widespread disruption, foreseeing a turbulent development landscape and urgently calling for new directions to boost human development.

Kanni wignarajaUnited nations development programmeAsia pacific human developmentDirections for human development in asiaPacific human development reportNew directionsHuman developmentSouth asiaUndp report

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