Read the latest economy news, market trends, and financial analysis on Archyde. Stay informed with global economic updates and expert insights.
2024-02-14 12:52:39
1707918866
#Thai #Airways #purchases #aircraft #plan #Economic #World #Summary #Feb #TNN #Online
Hanmi Pharmaceutical Group Management Rights Dispute – Founder’s Will and Family Conflict
Mother and daughter – two brothers’ different causes for ‘the will of the former president’ Song Young-sook, Chairman of Hanmi Group [인사이트코리아=김민주 기자] The management … Read more
You can read the full story here: Hanmi Pharmaceutical Group Management Rights Dispute – Founder’s Will and Family Conflict .
https://www.world-today-news.com/hanmi-pharmaceutical-group-management-rights-dispute-founders-will-and-family-conflict/
New Supreme Court ruling on mortgage floor clauses — idealista/news
2024-02-14 12:15:34 The Supreme Court once once more tips the balance in favor of consumers in a…
The post New Supreme Court ruling on mortgage floor clauses — idealista/news appeared first on TIme News.
https://time.news/new-supreme-court-ruling-on-mortgage-floor-clauses-idealista-news/
Bitcoin: market cap exceeds 1 trillion dollars for the first time since the end of 2021
New record for Bitcoin. The market capitalization today surpassed $1 trillion for the first time since late…
The post Bitcoin: market cap exceeds 1 trillion dollars for the first time since the end of 2021 appeared first on Breaking Latest News.
https://www.breakinglatest.news/business/bitcoin-market-cap-exceeds-1-trillion-dollars-for-the-first-time-since-the-end-of-2021/
TCG Exceeds 2023 Debt Guarantees, Showcases Success and Strategic Plans for 2024
Press release Mr. Sittikorn Direksuntorn, Director and General Manager of Small Business Credit Guarantee Corporation (TCG) TCG showcases work in 2023 Debt guarantees exceeded the target of 114 billion baht, helping 99,298 SMEs access loans of 125 billion baht, along with debt resolution for 19,000 customers, totaling 6,942 million baht in debt in 2024, highlighting […]
The post TCG Exceeds 2023 Debt Guarantees, Showcases Success and Strategic Plans for 2024 appeared first on News Directory 3.
https://www.newsdirectory3.com/tcg-exceeds-2023-debt-guarantees-showcases-success-and-strategic-plans-for-2024/
2024-02-14 09:41:58
“Exports such as semiconductors, driving economic recovery
“China’s economic and construction restructuring, risk factors”
▲ Page 8 The Korea Development Institute (KDI), a national research institute, predicted Korea’s economic growth rate this year to be 2.2%, the same as last November. Compared to the forecast in November last year, domestic demand was predicted to be worse and exports to be slightly better. It is analyzed that the Korean economy this year will be most affected internally by construction restructuring and externally by China’s slowing growth rate.
In its ‘2024 Revised Economic Outlook’ on the 14th, KDI predicted that this year’s real gross domestic product (GDP) will grow by 2.2%. It is the same as the forecast of the Ministry of Strategy and Finance and the Organization for Economic Co-operation and Development (OECD) and slightly lower than the 2.3% of the International Monetary Fund (IMF). KDI explained that while maintaining the existing forecast, we must pay attention to changes in each sector. Exports are expected to show a strong recovery, centered on semiconductors, but domestic demand growth is weak. KDI increased its total export growth rate forecast by 0.9 percentage points from 3.8% to 4.7%. The current account surplus was also revised to $56.2 billion, an increase of $13.6 billion from the previous amount.
On the other hand, it is expected that the domestic slump will deepen. Private consumption was adjusted downward from the previous forecast (1.8%) and was expected to increase by only 1.7%. Both product consumption and service consumption are sluggish, and product consumption, which is particularly affected by interest rates, is expected to decline more. The facility investment growth rate was also forecast to be 2.3%, lowered by 0.1 percentage points. In particular, construction investment is expected to decrease by 1.4% due to the recent decline in the real estate market, which is a larger downward revision than the previous forecast (-1.0%). Gyu-cheol KDI, head of the KDI Economic Outlook Department, said, “High interest rates are expected to remain for the time being, making it difficult to expect improvement in private consumption this year.”
Consumer prices were expected to rise by 2.5%. This is 0.1% lower than before. In particular, it is expected to be lower in the second half (2.3%) than in the first half (2.9%) and to approach the government’s price stability target (2.0%) at the end of the year. When asked regarding the timing of the base interest rate cut, Director Jeong replied, “If the price trend goes to the expected level, there may be discussions on adjusting the policy stance.”
KDI cited geopolitical risks in the Middle East and the possibility of a sharp decline in the Chinese economy, especially in the real estate sector, as external risk factors. Director Jeong said, “If the Chinese economy develops in a significantly different direction than expected, the growth rate may fall to around 2%.” He also predicted that if the restructuring of insolvent construction companies does not proceed smoothly, the slump in construction investment is likely to worsen.
Sejong Reporter Kwak So-young
1707917211
#KDI #maintains #Koreas #growth #rate #year #Concerns #sluggish #domestic #demand #construction #due #high #interest #rates
2024-02-14 12:11:11
This would be the first meeting of the FSDC following the passage of the Rs 47.6 lakh crore Budget for 2024-25, focussing on capital expenditure with an outlay of Rs 11.11 lakh crore.
In the meeting, the Finance Minister will review the current global and domestic economic situation and financial stability issues.
Sitharaman is likely to stress key priorities highlighted in the interim Budget, the way forward for various future policies and measures that the government has proposed to take in many sectors, sources said.
Besides, the council may also review the progress of measures approved earlier for further development of the financial sector, and to achieve inclusive economic growth with macroeconomic stability.
The FSDC meeting will also review activities undertaken by the FSDC sub-committee chaired by the RBI governor and the action taken by members on the past decisions of FSDC. Besides RBI governor, Securities and Exchange Board of India chairperson Madhabi Puri Buch, Insurance Regulatory and Development Authority of India (IRDAI) chairman Debasish Panda, Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mital and Pension Fund Regulatory and Development Authority’s newly appointed chairman Deepak Mohanty will attend the meeting.
According to sources, the FSDC meeting will also be attended by Minister of State for Finance Bhagwat Kishanrao Karad, Finance Secretary T V Somanathan, Economic Affairs Secretary Ajay Seth, Revenue Secretary Sanjay Malhotra, Financial Services Secretary Vivek Joshi and other top officials of the finance ministry.
(You can now subscribe to our Economic Times WhatsApp channel)
1707917012
#Finance #Minister #review #economy #FSDC #meeting #Feb
Hosted by ByoHosting - Most Recommendeed Webhhosting. For complains, abuse, advertising contact:
[email protected]