13.7 percent increase in profits of central enterprises in China in the first quarter

China’s central state-owned enterprises registered strong revenue and profit growth in the first three months of 2022, according to the State Council’s State-Owned Assets Supervision and Administration Commission. The net profit of central state-owned enterprises grew 13.7 percent year on year to 472.3 billion yuan (about 73.9 billion US dollars) in the first quarter, the … Read more

Central Bank adjusts growth forecast to low and foresees eventual recession in 2023 | Economy

Regarding inflation, the Central Bank report explained that it is still linked to the “excessive increase in spending” and local and global factors, including the shock on the prices of raw materials that was accentuated by the Russia-Ukraine conflict. The Central Bank of Chile published today the Monetary Policy Report (IPoM) for March 2022, where … Read more

Meeting with the heads of major economic groups elected by Yoon Seok-yeol and promising free management activities

Have lunch box luncheon meeting with representatives of 6 economic groups… Call for bold abolition of economic regulationsThe process of reorganizing labor-management relations and enacting various ‘pro-business policies’ is a mountain to be overcome President-elect Yoon Seok-yeol greets before a luncheon meeting with the heads of six economic groups at the Office of the Presidential … Read more

Is anyone right with the economic forecasts?

The economic forecasts they are complex. And more in environments of high uncertainty. Last year, the OECDwith a forecast of 5% for Spain, and the study service of Repsolwith another 5.7%, were the closest to the increase in gross domestic product (GDP) in 2021 and stood at 5.2%, according to the Diana Esade 2021. This … Read more

UK GDP growth in 2021 will reach 7.5%, the largest increase since World War II | Morning Post

(Morning News) Britain’s gross domestic product (GDP) will grow by 7.5% in 2021, the largest increase since World War II. The U.K. government’s measures to limit the spread of Omikojon have dented consumer spending, and a shortage of goods in stores and a record number of job vacancies on Christmas Eve last year also weighed … Read more

World Bank projects that Chile will grow 2.2%, warns of drought and covid outbreaks despite vaccination | Economy

The World Bank also noted that coronavirus outbreaks continue to pose a risk even in countries with high vaccination rates. Latin America It will grow 2.6% in 2022 and 2.7% in 2023, after a very strong recovery of 6.7% last year, and faces significant risks such as a sharp increase in the number of covid-19 … Read more

World Bank predicts slower global economic growth for 2022

Global growth will slow this year and a worst-case scenario is not ruled out under the effect of the Omicron variant, which is spreading like wildfire on all continents, accentuating labor shortages and logistical problems, warned World Bank Tuesday. The institution has revised its forecast for global GDP growth for 2022 down by 0.2 point, … Read more