Japan’s economy grew slightly faster than initially estimated in the first quarter, thanks to stronger capital spending, but analysts say global trade tensions remain a drag on growth and raise risks to the outlook for the export-reliant nation.
French households ramped up savings in the first quarter as incomes rose following government measures to boost purchasing power, official data showed on Wednesday, confirming the economy maintained a steady growth rate in the period.
Japan’s industrial output fell in January-March at the fastest pace in almost five years, suggesting the economy may post a mild contraction in the first quarter as manufacturers struggle with the US-Sino trade war.
South Korea collected 377.9 trillion won ($332.6 billion) in local and central government taxes last year, official data showed on Sunday, with the tax-to-gross domestic product (GDP) ratio rising sharply as more corporate taxes were collected on companies' stronger earnings.
China’s first-quarter economy growth likely cooled to the weakest pace in at least 27 years, a Reuters poll showed, but a flurry of measures to boost domestic demand may have put a floor under slowing activity in March.
China’s stimulus-boosted private sector is on track to lead the economy to a ‘self-sustained recovery’ that could see growth hit 6.6 percent this year, according to HSBC (Hongkong and Shanghai Banking Corporation).
China plans to set a lower economic growth target of 6-6.5 percent in 2019 compared with last year’s target of ‘around’ 6.5 percent, policy sources told Reuters, as Beijing gears up to cope with higher US tariffs and weakening domestic demand.