Economics Reporter

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Study finds Tennessee children have 1-in-8 chance of being abused, costing $3.3 billion a year

Chatanooga Times Free Press 07 Jun 2023

NASHVILLE — A new study estimates Tennessee children have a one-in-eight chance of being abused by the time they reach adulthood, with the report also revealing huge and sometimes life-long economic costs associated with abuse, neglect and exposure to drugs ... "This report provides ...

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World Bank revises up China's growth to 5.6%

China.dot.org 07 Jun 2023

The World Bank, in its Global Economic Prospects report released Tuesday, said that economic activity in China bounced back in early 2023, spurred by the earlier-than-expected economic reopening, which drives consumer spending, particularly on domestic services ... World Bank report.

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US Voters Want Economic Growth over Equality

Armstrong Economics 07 Jun 2023

It is no surprise that a recent poll by Rasmussen Reports indicates that US voters are now prioritizing economic growth of equality. The latest survey found that 64% of voters favor policies that contribute to economic growth, while only 27% said they prioritized economic fairness.

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Southern Xinjiang works out new plan to set up an economic belt around Tarim

ECNS 07 Jun 2023

Northwest China's Xinjiang Uygur Autonomous Region has proposed the establishment of an economic development belt surrounding Tarim to boost the development of southern Xinjiang region, which would represent a major breakthrough for the region's development, local media Xinjiang Daily reported on Tuesday.

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Lebanon: Sharp increase of deaths in custody must be a wake-up call for authorities

Amnesty 07 Jun 2023

Lebanese authorities must urgently prioritize the health of prisoners as deaths in Ministry of Interior-run prisons nearly doubled in 2022 compared to 2018, the year before the ongoing acute economic crisis began, Amnesty International said today ... It reviewed several medical reports as well as photos and videos taken by people in prison.

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World Bank offers dimmer outlook for Pakistan’s economy

Dawn 07 Jun 2023

... foreign exchange resources to pay for imports of food, energy, and intermediate inputs, have depressed activity, with industrial production contracting by about 25pc in the year to March 2023,” the bank said in its latest Global Economic Prospects report, released on Tuesday.

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China leads the world in integrating 5G into economy: experts

ECNS 07 Jun 2023

Four years after China issued 5G commercial licenses to domestic companies, 5G applications have emerged in nearly 60 percent of the nation's economic categories, with wide coverage of 5G networks and application of 5G solutions in major industries, media reports said.

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OECD revises global growth forecast upwards for 2023

Anadolu Agency 07 Jun 2023

The Organization for Economic Cooperation and ... The global gross domestic product is projected to grow 2.7% this year, slightly up from the previous forecast of 2.6%, the OECD said in its June global economic outlook report.

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U.S. efforts to rally friends with "shared values" against China could backfire: media

People Daily 07 Jun 2023

efforts to rally friends with "shared values" against China could backfire, and the West's efforts to split the world into rival economic blocs will spark a new wave of global protectionism, reported the South China Morning Post, a Hong Kong-based English-language daily.

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World Bank raises PH growth outlook to 6%

Manila Bulletin 07 Jun 2023

In its latest Global Economic Prospects report released on Wednesday, June 7, the Washington-based lender raised its 2023 gross domestic product (GDP) outlook for the Philippines to 6.0 percent ... Moreover, it is above the 5.6 percent outlook stated in its April East Asia and the Pacific Economic Update.

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Representatives gather in Beijing to support women's leadership

China.dot.org 07 Jun 2023

He emphasized that the WBA has served as a new platform for promoting economic and trade exchanges and cooperation among BRICS countries, empowering women to unlock their business potential ... She added that creating a better environment for women's economic participation contributes to global prosperity and stability.

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World Bank: Expect slowdown

Arkansas Democrat-Gazette 07 Jun 2023

Speaking to reporters Tuesday, Indermit Gill, the World Bank's chief economist, called the latest findings "another gloomy report." ... Still, the bank's latest Global Economic Prospects report marks an upgrade from its previous forecast in January ... In its report Tuesday, the World Bank upgraded its forecast for U.S. economic growth this year to 1.1% ... .

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OECD slightly raises world GDP growth forecast to 2.7%

Urdu Point 07 Jun 2023

The Paris-based organisation forecast an economic expansion of 2.7 percent, up from 2. 6 percent in its previous report in March, with upgrades for the United States, ...

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US$1.3bn fertiliser complex to be operational in 3yrs

B & FT Online 07 Jun 2023

... GHEITI Reports for the mining and oil/gas sectors ... The 2020 GHEITI Reports ... The report also saw the revenue management sub-component increase from 37 percent in 2017 to 54 percent in 2020, indicating that government has made notable progress in managing mineral and economic rents.

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El Salvador’s Bitcoin Bill Is Now Two Years Old, How Has The Country Fared Since Then?

Bitcoinist 07 Jun 2023

Following the 2021 official announcement, there were reports of protests about the use of BTC as a legal tender, with many citing the security and economic risks of using a volatile digital asset as a legal tender ... El Salvador to report on the adoption of BTC in the country.