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Added on the 11/06/2019 15:57:38 - Copyright : Wochit
Beijing / Shanghai, Aug 7 (EFE/EPA).- China's trade with the rest of the world grew by 11.5 percent year-on-year in July, official data published on Saturday showed.However, the customs data indicated that the growth rate from a year earlier has slowed down.Yuan-denominated exports grew 8.1 percent last month to 1.82 trillion yuan ($281.6 billion), and imports increased 16.1 percent to 1.45 trillion yuan ($224.4 billion). (Camera: ARCHIVE).ARCHIVE FOOTAGE OF THE CITIES OF BEIJING AND SHANGHAI, CHINA.
The EU sharply cut its eurozone growth forecast for 2024, Commissioner for the Economy Paolo Gentiloni says. Gentiloni says the European Commission predicts the single-currency economic area to grow by 0.8 percent in 2024, down from a previous forecast of 1.2 percent. SOUNDBITE
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
The European Commission cut its 2023 and 2024 eurozone economic growth forecasts, with the single currency area weighed down by Germany's poor performance. "The EU GDP growth for 2023 is now estimated at 0.8%, which is 0.2 percentage points lower than projected in spring," says Paolo Gentiloni, the European Commissioner for Economy. SOUNDBITE
The International Monetary Fund slightly raises its forecast for 2023 US economic growth. "The US economy has proven resilient, consumer demand has held up particularly well, initially boosted by a drawdown of pent up savings, and more recently by solid growth in real disposable income. This is good news," says IMF chief Kristalina Georgieva. SOUNDBITE
The International Monetary Fund slightly lowers its outlook for the global economy, predicting the global economy will grow by 2.8 percent this year and three percent in 2024, a decline of 0.1 percentage point from its previous forecasts in January. SOUNDBITE