
US Q2 GDP Surges 2.8%, Outpacing Expectations
The US economy exceeded expectations in Q2, with GDP growth accelerating to 2.8% driven by robust consumer spending and inventory buildup.
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The US economy exceeded expectations in Q2, with GDP growth accelerating to 2.8% driven by robust consumer spending and inventory buildup.
China’s economy continues its recovery in May, with industrial production steadily growing and consumer spending significantly increasing, according to NBS data.
The Chinese mainland has removed mortgage floor rates and lowered down payment ratios to ease housing costs and boost the economy, aiming to stabilize the housing market and enhance consumer spending.
China’s Q1 economy shows strong growth with a 5.3% GDP increase, driven by consumer spending and robust trade.
China’s February manufacturing PMI rises to 50.9, signaling economic resilience amid global uncertainties and robust domestic demand.
China’s New Year’s Day holiday showcases strong economic vitality, with significant boosts in consumer spending, retail sales, and domestic tourism, hinting at a promising 2024.
China’s economy shows impressive resilience with a 5.2% growth in the first nine months, driven by strong consumer spending despite global challenges.