Description
Added on the 26/08/2016 16:24:42 - Copyright : Reuters EN
Hong Kong's second quarter GDP expands slightly as it becomes more reliant on the mainland for growth, causing analysts to become more worried about the economic outlook for the financial hub as China slows. Meg Teckman reports.
Federal Open Market Committee (FOMC) members have more than doubled the median projection for economic growth this year to 2.1 percent, says Jerome Powell, the US Federal Reserve Chairman. SOUNDBITE
British Prime Minister Liz Truss insists she would push ahead with her contentious programme to boost sluggish economic growth, despite market turbulence and sacking her finance minister. Truss says she is "absolutely determined to see through what I have promised to deliver, a higher growth, more prosperous United Kingdom", even after being forced to climb down on key parts of the plan. SOUNDBITE
After being elected leader of the Conservative party and Prime Minister of the United Kingdom, Liz Truss vows to deliver a "bold plan" for the country centred on tax cuts and economic growth. The foreign secretary beat her rival, former finance minister Rishi Sunak, by 81,326 votes to 60,399, after a summer-long internal contest sparked by Boris Johnson's resignation in July. SOUNDBITE
The war in Ukraine has undercut the global recovery and slowed expected economic growth in most countries in the world, IMF Managing Director Kristalina Georgieva says. "We are facing a crisis on top of a crisis," Georgieva says in a speech ahead of the spring meetings of the IMF and World Bank. SOUNDBITE
South Africa’s finance minister forecasts the economy will grow by 4.8 percent, a revision to the 5.1 percent growth previously forecast. While presenting the country's 2022 budget to parliament, minister Enoch Godongwana says "Commodity prices... also, violent unrest in July; restrictions imposed to manage the third wave of Covid-19 further eroded the gains made in the first half of the year." SOUNDBITE
|
Support : Technical 
- Content 
- Editors 
