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Added on the 29/11/2020 13:00:00 - Copyright : EFE Inglés
Klang, Dec 17 (EFE/EPA).- Malaysia's economy is expected to grow by 6.7 percent in 2021 following a projected contraction of 5.8 percent in 2020 caused by the Covid-19 pandemic, according to the latest edition of the World Bank Malaysia Economic Monitor: Sowing the Seeds published on Wednesday. (Camera: FAZRY ISMAIL).SHOT LIST: WORKERS PRODUCE COFFEE AT THE CHUAN HOE COFFEE FACTORY IN KLANG, OUTSIDE KUALA LUMPUR, MALAYSIA.
Britain's economy will rebound this year and not shrink as initially thought, but will grow far less than expected next year, finance minister Jeremy Hunt says as he presents his Autumn Statement to parliament. Gross domestic product will expand 0.6 percent in 2023, Hunt said citing the Office for Budget Responsibility fiscal watchdog, upgrading its prior forecast of minus 0.2 percent. GDP is then set to grow by 0.7 percent in 2024, which was sharply down from previous guidance for a 1.8-percent expansion. SOUNDBITE
Workers at Felixstowe port in southeastern England are on the second day of an eight-day strike over pay, with logistics the latest industry to see industrial action as inflation in the UK hits 10 percent. Nearly 2,000 unionised employees at the port, including crane drivers, machine operators and stevedores, are involved in the first strike at Felixstowe since 1989. IMAGES
The trucker blockade that has shut down central Ottawa over Covid-19 restrictions continues into the night, as the two-week long protest movement continues to disrupt the Canadian economy and cross-border trade. IMAGES
EU economic affairs commissioner Paolo Gentiloni says that the bloc has increased its growth forecast for 2021, as the eurozone economy holds strong against higher energy prices, supply chain bottlenecks and a fresh wave of Covid cases. SOUNDBITE
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