It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
China's economy grew unexpectedly in the first quarter of 2023, despite concerns about its slowing recovery. Growth reached 5.3%, bolstered by government spending on infrastructure. However, challenges remain, including a struggling real estate sector, heavy local government debt, and weak consumer spending. The government aims for 5% growth this year but economists are cautious due to last year's inflated growth and the uneven recovery.
China's economy is ending the first quarter of 2023 with positive momentum. A business survey shows job growth, increased retail spending, and revenue growth. Official data reports strong numbers in retail sales, industrial production, and investment. Despite rising interest rates, borrowing has slowed down. The government has set a growth target of 5% for the year.
Key economic data suggests inflation remains high, prompting the Federal Reserve to consider raising interest rates for an extended period. Despite concerns about inflation and valuations, experts believe the economy is strong and earnings are expected to improve. Investors are bullish but sentiment is historically tied to flat markets, while valuations are fair. The market narrative has shifted toward stability, with the Fed seen as capable of managing economic challenges.
