Japan says its economy likely to mark first positive output gap in 7 years
TOKYO (Reuters) – Japan’s government said on Thursday it predicts economic output will recover to full capacity in the next fiscal year for the first time in seven years on an annual basis due to a tight labour market. Japan’s…
Russia’s inflation reaches 9.5% this year, weekly data shows
MOSCOW (Reuters) – Russia’s inflation has reached 9.5% this year, according to new weekly data showing that the consumer price index rose by 0.33% in the week leading up to Dec. 23, the statistical agency Rosstat reported on Wednesday. This…
China revises up 2023 GDP to $17.73 trillion
BEIJING (Reuters) – China on Thursday revised up its 2023 gross domestic product (GDP) by 2.7% to 129.4 trillion yuan ($17.73 trillion), the head of the National Bureau of Statistics Kang Yi said at a press conference in Beijing. China’s…
World bank raises China’s GDP forecast for 2024, 2025
(Reuters) – The World Bank on Thursday said it raised its forecasts for China’s gross domestic product growth for 2024 and 2025 to account for the effect of recent policy easing and near-term export strength. China’s GDP growth is now…
Dollar stays resilient, Asia shares get festive lift
By Rae Wee SINGAPORE (Reuters) – Asia shares rose slightly in holiday-thinned trade on Thursday, extending gains from earlier in the week with little news or data in the way to alter their direction of travel, while the dollar was…
China approves value-added tax law, taking effect in 2026
BEIJING (Reuters) – China approved a value-added tax law on Wednesday to take effect on Jan. 1, 2026, the official Xinhua said, bringing into one document previous regulations that have included exempting items from the tax. VAT, the largest tax…