2024-07-17 23:44:13
The Chinese economy grew 4.7% interannual in the second quarter of 2024, below analysts’ expectations, according to official figures disclosed on Monday.
“He GDP rose 5.3% year-on-year in the first quarter and 4.7% in the second quarter,” the company said in a statement. National Statistics Office (ONE).
The figures were well below the 5.1% forecast by analysts consulted by the financial agency. Bloomberg.
Meanwhile, retail sales, a key measure of consumption, declined to 2% in June from 3.7% in May, the agency said. ONE.
China, the second largest World economyfaces a debt crisis in its real estate sector, weak consumption, an aging population and trade tensions with the West.
Senior government officials hold a meeting on Monday in Beijing with a view to discussing ways to revive the economy.
Spain revises GDP upwards
The Spanish government is going to revise upwards its growth forecast to 2.4% for 2024, compared to the 2% expected until now, due to the good results in recent months, the Minister of Economy announced yesterday. Economy.
“We are going to improve the growth forecast for 2024 to 2.4%, four-tenths more; and we will update the forecast for 2025 to 2.2%, three-tenths more. This will go hand in hand with intense job creation,” he said.
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2024-07-17 23:44:13