EU Material Well-being: Luxembourg Leads, Eastern Europe Lags
In 2023, Luxembourg's household material well-being, measured by real individual consumption (AIC) per capita in purchasing power standards (PPS), was 36% above the EU average; Bulgaria and Hungary were 30% below.
EU Material Well-being: Luxembourg Leads, Eastern Europe Lags
In 2023, Luxembourg's household material well-being, measured by real individual consumption (AIC) per capita in purchasing power standards (PPS), was 36% above the EU average; Bulgaria and Hungary were 30% below.
Progress
32% Bias Score
Valencian Floods: €15 Billion Asset Loss Exceeds Initial GDP Impact Estimates
The October 29th floods in the Valencian Community caused over €15 billion in extraordinary asset depreciation, impacting households, businesses, and public infrastructure, a significant blow exceeding initial GDP impact estimates and highlighting the need for substantial public aid.
Valencian Floods: €15 Billion Asset Loss Exceeds Initial GDP Impact Estimates
The October 29th floods in the Valencian Community caused over €15 billion in extraordinary asset depreciation, impacting households, businesses, and public infrastructure, a significant blow exceeding initial GDP impact estimates and highlighting the need for substantial public aid.
Progress
28% Bias Score
China's Revised GDP Highlights Strong Economic Growth and Structural Transformation
China's 2023 GDP was revised upward to $17.7 trillion, reflecting robust economic growth and structural changes. The tertiary sector's contribution increased, and manufacturing saw significant expansion. Experts predict continued growth, dismissing pessimistic Western views.
China's Revised GDP Highlights Strong Economic Growth and Structural Transformation
China's 2023 GDP was revised upward to $17.7 trillion, reflecting robust economic growth and structural changes. The tertiary sector's contribution increased, and manufacturing saw significant expansion. Experts predict continued growth, dismissing pessimistic Western views.
Progress
52% Bias Score
Spain's Tourism Sector Shows Strong Growth in 2023, Positive Outlook for 2024
In 2023, Spain's tourism sector contributed 12.3% (\u20ac184.002 billion) to its GDP and employed 2.5 million people (11.6% of total employment), with foreign tourist spending accounting for 55% of total tourism consumption; 2024 projections show continued growth.
Spain's Tourism Sector Shows Strong Growth in 2023, Positive Outlook for 2024
In 2023, Spain's tourism sector contributed 12.3% (\u20ac184.002 billion) to its GDP and employed 2.5 million people (11.6% of total employment), with foreign tourist spending accounting for 55% of total tourism consumption; 2024 projections show continued growth.
Progress
32% Bias Score
Canada's October Economic Growth Exceeds Expectations, but November Contraction Looms
Canada's economy unexpectedly grew by 0.3 percent in October due to increased oil and gas extraction and manufacturing, but November likely saw a 0.1 percent contraction, potentially affecting the Bank of Canada's growth projections for the fourth quarter.
Canada's October Economic Growth Exceeds Expectations, but November Contraction Looms
Canada's economy unexpectedly grew by 0.3 percent in October due to increased oil and gas extraction and manufacturing, but November likely saw a 0.1 percent contraction, potentially affecting the Bank of Canada's growth projections for the fourth quarter.
Progress
36% Bias Score
India's Economic Slowdown: 5.4 Percent Contraction in Q3 2023
India's economy contracted by 5.4 percent in the July-September quarter, lower than the projected 7 percent, due to weak consumer demand, reduced government spending, and low global market share (2 percent in 2023); experts cite high tariffs and a focus on rupee stability as contributing factors.
India's Economic Slowdown: 5.4 Percent Contraction in Q3 2023
India's economy contracted by 5.4 percent in the July-September quarter, lower than the projected 7 percent, due to weak consumer demand, reduced government spending, and low global market share (2 percent in 2023); experts cite high tariffs and a focus on rupee stability as contributing factors.
Progress
44% Bias Score
Mississippi's GDP surpasses most of Europe, narrowing the US-EU economic gap
In 2024, Mississippi's per capita GDP reached \u20ac49,780, surpassing most major European economies except Germany, highlighting a narrowing economic gap between the US and Europe, particularly when considering purchasing power and cost of living.
Mississippi's GDP surpasses most of Europe, narrowing the US-EU economic gap
In 2024, Mississippi's per capita GDP reached \u20ac49,780, surpassing most major European economies except Germany, highlighting a narrowing economic gap between the US and Europe, particularly when considering purchasing power and cost of living.
Progress
36% Bias Score
China's Economic Census: $17.8 Trillion GDP, Service Sector Boom
China's fifth national economic census, released Thursday, shows a 2023 GDP near $17.8 trillion, contributing 30% to global growth for five years, driven by a service sector boom and technological innovation despite pandemic and trade challenges.
China's Economic Census: $17.8 Trillion GDP, Service Sector Boom
China's fifth national economic census, released Thursday, shows a 2023 GDP near $17.8 trillion, contributing 30% to global growth for five years, driven by a service sector boom and technological innovation despite pandemic and trade challenges.
Progress
40% Bias Score
China's GDP Revised Upward to $17.7 Trillion, Reflecting Robust Economic Growth
China's 2023 GDP was revised upward to $17.7 trillion, reflecting robust economic growth driven by technological advancement and industrial transformation; this increase counters some pessimistic Western assessments and demonstrates China's significant contribution to global economic growth.
China's GDP Revised Upward to $17.7 Trillion, Reflecting Robust Economic Growth
China's 2023 GDP was revised upward to $17.7 trillion, reflecting robust economic growth driven by technological advancement and industrial transformation; this increase counters some pessimistic Western assessments and demonstrates China's significant contribution to global economic growth.
Progress
56% Bias Score
India's Economic Growth Slows to 5.4%, Below Projections
India's economic growth slowed to 5.4% in Q3 2023, below the projected 7%, due to weak consumer demand, stagnant private investment, reduced government spending, and high interest rates aimed at curbing 6.2% inflation; experts highlight a dualistic economy hindering sustained growth.
India's Economic Growth Slows to 5.4%, Below Projections
India's economic growth slowed to 5.4% in Q3 2023, below the projected 7%, due to weak consumer demand, stagnant private investment, reduced government spending, and high interest rates aimed at curbing 6.2% inflation; experts highlight a dualistic economy hindering sustained growth.
Progress
16% Bias Score
UK Economy Stagnant in Q3 2024 Amidst Recession Fears and Budgetary Changes
The UK economy stagnated in Q3 2024, with 0% GDP growth due to decreased services and production, fueled by recession fears and the Labour government's Autumn Budget changes increasing employer NICs, impacting business investment and hiring, and potentially requiring government intervention in 2025.
UK Economy Stagnant in Q3 2024 Amidst Recession Fears and Budgetary Changes
The UK economy stagnated in Q3 2024, with 0% GDP growth due to decreased services and production, fueled by recession fears and the Labour government's Autumn Budget changes increasing employer NICs, impacting business investment and hiring, and potentially requiring government intervention in 2025.
Progress
48% Bias Score
Cambodia's Economy to Grow Despite Real Estate Downturn
Cambodia's economy is projected to grow by 6 percent in 2024 and 6.3 percent in 2025, driven by the garment sector, manufacturing, and tourism; however, the real estate sector experienced a downturn with approved property development projects declining by 29.1 percent year-on-year during the first e...
Cambodia's Economy to Grow Despite Real Estate Downturn
Cambodia's economy is projected to grow by 6 percent in 2024 and 6.3 percent in 2025, driven by the garment sector, manufacturing, and tourism; however, the real estate sector experienced a downturn with approved property development projects declining by 29.1 percent year-on-year during the first e...
Progress
40% Bias Score