Economix

  Our Arabic Blog Economix | إيكونوميكس عربي is available on:  economixarabic.blogspot.com يمكنكم الاطلاع على النسخة العربية من مدونة إيكونوميكس عبر الرابط:  economixarabic.blogspot.com

  BEIJING (AP) — China's consumer prices fell for the first time in 13 months in February, as weak demand continued due to the early timing of the Lunar New Year holiday. The National Bureau of Statistics said Sunday that the consumer price index fell 0.7% in February compared to last year. On a monthly basis, prices fell 0.2% from January. While many other countries are struggling with inflation, policymakers in China are facing stable or low prices and the possibility of them developing into a deflationary spiral that would drag the economy downward. The government emphasized the need to boost domestic demand and consumer spending in an annual report it delivered last week to its ceremonial legislative body, the National People's Congress, but refrained from revealing any dramatic new steps to boost the economy. The Lunar New Year, a time when spending on travel, dining out, and entertainment increases, fell in late January this year instead of February because it relies on l...

London - The UK's Office for National Statistics said the UK economy contracted by 0.1% in January. This disappoints experts' expectations of a move in the opposite direction, as they had predicted a 0.1% growth. Data from the Office for National Statistics showed that the industrial sector led the contraction, declining by 1.1%. Construction, hospitality and leisure, and oil extraction also slowed in the same month, while the services sector grew by 0.1%. Uncertainty prevails among UK businesses due to Treasury Chancellor Rachel Reeves' domestic policies, US President Donald Trump's trade policies regarding tariffs, and the global turmoil and uncertainty that are overwhelming markets. Reeves faces widespread criticism for her policies, which have been described as "growth-killing." The Chancellor is seeking to restrict spending, increase National Insurance for businesses next April, and raise the minimum wage, all of which will force businesses to limit their...

The Economic Development agency Choose New Jersey Inc. announced an upcoming visit by New Jersey Governor Phil Murphy to several Gulf countries next April. The agency, responsible for promoting and attracting investments to the state of New Jersey, said on its official website and its page on the specialized social networking platform LinkedIn that Murphy and a delegation from the American state will visit three Gulf countries: the Kingdom of Saudi Arabia, the United Arab Emirates, and the Kingdom of Bahrain, aiming to enhance economic, cultural, and academic cooperation between the state of New Jersey and the three Gulf countries. You can access the post link by clicking here . The US delegation seeks to strengthen international ties and strategic partnerships and create new job opportunities in New Jersey by attracting more Gulf investments in several sectors, including industry, technology, financial services, and life sciences. Relations between New Jersey and the Gulf states have...

  Last year has been a year of continued economic recalibration. 2024 has unfolded as a year of intricate economic maneuvering, demanding a delicate balance between competing priorities. The global economy, still reeling from the seismic shifts of the pandemic era, has faced a confluence of persistent challenges. This year has been defined by a complex interplay of factors, including the stubborn persistence of inflationary pressures, the escalating uncertainties stemming from geopolitical conflicts, and the rapid, transformative impact of technological advancements. The lingering effects of unprecedented fiscal and monetary policies, implemented to mitigate the pandemic's economic fallout, have continued to shape market dynamics, creating a landscape where traditional economic models are being rigorously tested. The year has been marked by a palpable sense of unease, as businesses and policymakers grapple with the dual imperatives of fostering sustainable growth and ensuring fina...