by Teuvo Tuomi | Oct 24, 2024 | China, Asia, Malaysia, Manufacturing, News, Vietnam
For the second time in a row, China ranks first in the Asia Manufacturing Index by Dezan Shira & Associates. China maintains its leadership despite significant shifts in its production landscape and traditional markets. The country’s industrial output remains...
by Teuvo Tuomi | Feb 16, 2024 | China, Asia, Economy, News
China needs more interest rate cuts to ease corporate financing and household mortgage costs, political advisers and experts say. A faster-than-expected credit expansion signals a nascent recovery in the nation’s financing demand. Both China’s new yuan loans and total...
by Teuvo Tuomi | Jan 17, 2024 | Visions, Business, Economy, Technology, Vietnam
Vietnam’s GDP is around USD 366 billion, with an annual growth rate of 4.6%. Vietnam’s logistics sector is growing even faster, fuelled by a range of factors, and poised to ensure the country becomes a significant logistics hub for Southeast Asia. Vietnam has been one...
by Teuvo Tuomi | Jan 12, 2024 | Economy, News
The World Bank forecasts just 2.4% global economic growth year on year in 2024. High interest rates remain a major factor. Excluding the contraction of the global economy in 2020 due to the impact of the COVID-19 pandemic, the growth rate of 2024 will be the lowest...
by Teuvo Tuomi | Dec 14, 2023 | ASEAN, Economy, News, Southeast Asia
According to the Asian Development Bank, developing Asia’s outlook remains upbeat despite global challenges. The 2023 growth forecast is revised up from Asian Development Outlook September 2023’s projection to 4.9% from 4.7%. The 2024 forecast is maintained at 4.8%....
