China's Q2 GDP growth tops forecast
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Senegal has begun recalculating its gross domestic product using an updated base year in a move that could result in an improvement in its debt metrics, its finance ministry said on Tuesday in response to a credit rating downgrade.
The U.S. economy is expected to see its strongest quarterly growth of the year in the second quarter of the year, according to Bloomberg consensus estimates.
The rate, which slightly exceeded the 5.1 per cent average estimate from analysts polled by Reuters, positions Beijing to hit its full-year target of about 5 per cent. It shows how China has been able to keep growth on track through exports and investment even as it struggles with weak demand at home.
GDP per capita is often seen as better indicators of how wealthy a country really is as it reflects the average income and standard of living of individuals.A higher number usually means that on average,
China’s Q2 GDP growth met government targets at 5.2% YoY, but the recovery remains uneven beneath the headline numbers. High-tech manufacturing and services are driving growth, while real estate and retail sectors continue to struggle, highlighting structural challenges.
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The Vietnamese government is targeting gross domestic product growth of 8.3%-8.5% for this year, Prime Minister Pham Minh Chinh said on Wednesday.
GDP growth for the second quarter is forecast at 0.6% compared to 0.1% the first quarter, in line with the BETI indications for the quarter.
Senegal is recalculating its GDP using a new base year to improve its debt metrics following hidden debt revelations. The move, albeit standard, raises skepticism about its long-term effectiveness. The IMF awaits clarity on misreporting,