China’s manufacturing sector expanded for the sixth consecutive month in May, offering fresh signs of stability in the world’s second-largest economy. The latest factory activity data suggests that government support measures and improving business confidence are helping sustain growth despite ongoing global economic challenges. According to recent surveys, manufacturing output increased steadily during May as...
Tag: global economy
Post
Post
The global economy has entered into the recession – IMF Chief
The coronavirus pandemic has taken the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday. “It is clear that we have entered a recession” that is worse than in 2009 following the global financial crisis, she said in an online press briefing. With the...