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Added on the 04/12/2020 11:53:55 - Copyright : Wochit
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
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.
Beijing/Shanghai, Jul 29 (EFE/EPA).- China's economy will grow 1.6 percent this year but will expand 7.9 percent next year, according to projections in the latest World Bank report, published Wednesday.Although the forecast for 2020 will be the smallest growth since 197, growing 7.9 percent in 2021 would signify the fastest pace since 2012, taking into account that the GDP growth rate is measured in year-on-year terms and that in 2011 it had been 9.6 percent. (Camera: WU HONG / ALEKSANDAR PLAVEVSKI)FOOTAGE SHOWS B-ROLL OF SHANGHAI AND BEIJING, CHINA.
Former leader of the UK Independence Party (UKIP) Nigel Farage joined Republican presidential nominee Donald Trump during a campaign rally in Jackson, Mississippi, Wednesday. Commenting on Brexit, Farage stated "We made June the 23rd our independence day, when we smashed the establishment." He went on to slam Democratic presidential nominee Hillary Clinton saying "I wouldn't vote for Hillary Clinton if you'd pay me. In fact I wouldn't vote for Hillary Clinton if she'd pay me."
Goldman Sachs profit fell 7 percent during the fourth quarter of 2014 as investment banking revenues fell and market volatility hit trading. Shartia Brantley reports.