by Teuvo Tuomi | Jun 13, 2024 | China, Climate, Economy, Environment, News, Reports, Research
Social and economic growth in China’s most economically vital lake basin, Yangtze river delta, no longer comes at the cost of the environment, an international study has found. The study by researchers in China, France, the Netherlands, Sweden, Italy, Britain and...
by Teuvo Tuomi | May 10, 2024 | Business, Economy, News, Philippines
High inflation and borrowing costs slowed down the first-quarter growth of the Philippine economy, causing the “Bongbong” Marcos’s government to miss its target. Gross domestic product (GDP) grew 5.7% year-on-year in the first quarter, faster than...
by Teuvo Tuomi | May 6, 2024 | Indonesia, Economy, News
According to Statistics Indonesia (BPS), Indonesia’s economic growth in the first quarter (Q1) of 2024 stood at 5.11% year-on-year, the highest level since 2015. Acting Head of BPS Amalia Adininggar Widyasanti notes that the main contributors to the economy in...
by Teuvo Tuomi | Apr 15, 2024 | Laos, Economy, News
Laos is expected to see moderate economic growth this year and the next, largely driven by external demand fueled by tourism and trade, according to the latest Asian Development Bank (ADB) report. ADB predicts that Laos’ gross domestic product (GDP) will rise by 4% in...
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...
