BEIJING (Reuters) – China’s economy grew again in the second quarter after a deep depression earlier in the year, but an unexpected weakness in domestic consumption underscored the need for more political support to boost recovery after the impact of the coronavirus crisis. Asian equity markets and the Chinese yuan …
Read More »China’s economy recovers after sharp decline, weak demand, US tensions increase risks
BEIJING (Reuters) – China’s economy grew again in the second quarter after a deep depression earlier in the year, but an unexpected weakness in domestic consumption underscored the need for more political support to boost recovery after the impact of the coronavirus crisis. Asian equity markets and the Chinese yuan …
Read More »China’s economy grows again in Q2, more support needed to drive recovery
BEIJING (Reuters) – China’s economy is likely to return to modest growth in the second quarter after a record contraction, as the closure measures ended and politicians increased stimulus to combat the shock of the coronavirus crisis. Workers in facial masks, after the outbreak of coronavirus disease (COVID-19), work at …
Read More »UPDATE 1: Gasoline and Food Drive US Consumer Inflation in June
(Add report details, background) WASHINGTON, Jul 14 (Reuters) – US consumer prices rose the most in nearly eight years in June when companies reopened, but the underlying trend suggested that inflation would remain silent and allow the Federal Reserve to continue. injecting money into the economy in crisis. The Labor …
Read More »Gasoline and Food Drive US Consumer Inflation in June
WASHINGTON (Reuters) – US consumer prices rose the most in nearly eight years in June when companies reopened, but the underlying trend suggested that inflation would remain silent and allow the Federal Reserve to continue to inject money into the economy. In crisis. FILE PHOTO: A merchant works inside his …
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