GrowthSlowdown

China Enters a New Era: Strategic Slowdown and Economic Reconfiguration

5 months ago

In a significant shift in its economic strategy, China has signaled the onset of a new era characterized by an intentional slowdown in growth. This change comes as the Asian powerhouse grapples with several pressing challenges, including a sluggish real estate sector and weakening consumer demand, which have prompted authorities to reconsider their previous aggressive growth targets. The latest statements from Chinese officials underscore a cautious approach moving forward, prioritizing long-term quality of growth over short-term expansion metrics.

Iceland's Economic Growth Forecasts Deteriorate as 2024 Approaches

7 months ago

In a surprising turn of events, Iceland's official statistics agency has projected a significant slowdown in the country’s economic growth for 2024. According to the latest report, the Icelandic economy is expected to come to a near halt, raising concerns among policymakers and businesses alike about the potential implications of this deceleration.