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Vietnam back as ASEAN growth star as outlook turns more positive: HSBC

Vietnam’s economic outlook has turned more positive, with recovery continuing as the year progressed after a challenging Q1 2024, according to HSBC, which said the country is back as ASEAN’s ‘growth star’.
HSBC noted that growth rose to 6.9 per cent and 7.4 per cent in Q2 and Q3 respectively, and so it has raised the country’s growth forecast for this year to 7 per cent from 6.5 per cent earlier.Read More

24.12.2024Comments Off,
Netherlands’ consumer confidence drops to -26 in December: CBS

Netherlands’ consumer confidence stood at -26 in December, down from -25 in November, well below the 20-year average of -10, as per CBS.
The economic climate index fell to -45 from -43, with pessimism about the past 12 months and future expectations worsening.
Willingness to buy dropped to -13, with a slight improvement in sentiment toward buying consumer durables.Read More

24.12.2024Comments Off,
No growth in UK real GDP in Q3 2024: ONS estimates

UK real GDP is estimated to have shown no growth in Q3 2024, revised down from the first estimate of a 0.1-per cent rise, the Office of National Statistics said.
The quarterly path of real GDP at an aggregate level is unchanged from Q1 2023 to Q1 2024.
However, there have been downward revisions of 0.1 percentage point in Q2 and Q3 2024.
A 0.4-per cent fall in production was recorded in Q3 2024.Read More

24.12.2024Comments Off,
30.58% drop in jobs in Bangladesh RMG sector due to automation: Study

Automation in Bangladesh’s RMG sector has led to a 30.58-per cent reduction in workforce across production processes, with helpers being the most hit, a study revealed.
Automation has particularly hit women, older workers, those with lower literacy and unskilled labourers.
Sweater factories saw a 37.03-per cent drop per production line.
Woven factories followed, with a 27.23-per cent decline.Read More

24.12.2024Comments Off,