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South Korean economy shrinks in Q4 for first time in 2-1/2 years

South Korean economy shrinks in Q4 for first time in 2-1/2 years

South Korea's economy contracted in the final quarter of 2022 for the first time in 2-1/2 years, as a post-pandemic spending spree faded and global trade tumbled, central bank estimates showed on Thursday.
Public spending, FDI, tourism to drive economic growth in 2023: analysts

Public spending, FDI, tourism to drive economic growth in 2023: analysts

Public investment, foreign investment and tourism will be drivers of Vietnam’s economic growth this year, according to HSBC and VnDirect Securities Corp.
January 8, 2023 | 03:00 pm PT
Hanoi anticipates lower economic growth in 2023

Hanoi anticipates lower economic growth in 2023

Hanoi authorities have targeted GRDP (gross regional domestic product) growth of 7% next year, down from an expected 8.8% this year amid many difficulties.
December 12, 2022 | 03:00 pm PT
China Q3 GDP growth rebounds at faster pace but risks loom

China Q3 GDP growth rebounds at faster pace but risks loom

China's economy rebounded at a faster-than-expected pace in the third quarter, but strict Covid curbs, a deepening property crisis and global recession risks are challenging Beijing's efforts to foster a robust revival over the next year.
October 23, 2022 | 09:52 pm PT
Australia to cut economic growth forecasts on lower consumer spending

Australia to cut economic growth forecasts on lower consumer spending

Australia's economic growth is expected to slow sharply next financial year as rising inflation curbs household consumption, according to new forecasts to be unveiled by Treasurer Jim Chalmers in Tuesday's budget.
October 23, 2022 | 06:10 pm PT
Vietnam's growth pegged at 8%: PM

Vietnam's growth pegged at 8%: PM

Vietnam’s GDP growth is forecast to reach 8% this year, exceeding the National Assembly’s target of 6-6.5%, Prime Minister Pham Minh Chinh said told legislators on Thursday.
October 20, 2022 | 02:11 am PT
Vietnam economy seen growing 8% in 2022, beating official target

Vietnam economy seen growing 8% in 2022, beating official target

Vietnam's economy is expected to grow 8% this year, beating an official target for an expansion of 6.0%-6.5%, the government said on Tuesday.
October 11, 2022 | 06:33 pm PT
Vietnam to post highest GDP growth in Southeast Asia this year

Vietnam to post highest GDP growth in Southeast Asia this year

After reaching its highest nine-month growth in the past 12 years, Vietnam is poised to become Southeast Asia’s fastest growing economy this year.
September 30, 2022 | 11:00 pm PT
You can't eat money: the cost of unlimited growth

You can't eat money: the cost of unlimited growth

In a 1972 book chapter entitled "Conversations with North American Indians," Alanis Obomsawin said something that applies to every country that has embraced the neoliberal economic order with open arms.
September 7, 2022 | 04:41 pm PT
Lack of credit hampers business growth

Lack of credit hampers business growth

The lack of credit is one of the biggest challenges companies face as banks have nearly exhausted their credit quotas while funding is needed to boost post-pandemic recovery, business leaders said.
August 11, 2022 | 03:30 am PT
Vietnam grapples with economic headwinds in H1

Vietnam grapples with economic headwinds in H1

Rising inflation and tumbling stock markets have been causing headaches to government leaders striving to revive the economy after Covid-19.
July 25, 2022 | 05:28 pm PT
HCMC economy rebounds 'faster than expected'

HCMC economy rebounds 'faster than expected'

The HCMC economy grew by 5.73 percent in the second quarter to take growth in the first six months to 3.82 percent, authorities said.
June 30, 2022 | 01:00 am PT
HCMC deputy leader expects economy to grow by 6-7 percent

HCMC deputy leader expects economy to grow by 6-7 percent

HCMC deputy chairman Vo Van Hoan expects the city economy to recover quickly from Covid-19 and grow at 6-7 percent this year.
May 31, 2022 | 08:45 pm PT
Taiwan lowers 2022 GDP growth forecast, hit by Covid and inflation

Taiwan lowers 2022 GDP growth forecast, hit by Covid and inflation

Taiwan's economy is likely to grow at a slower pace this year that initially forecast, the statistics office said on Friday, downgrading its outlook due to global inflation and Covid-19 dampening consumer demand at home and abroad.
May 27, 2022 | 04:53 pm PT
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