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BBCNEWS Asia Business Report June 4, 2024 01:32:00

Whether we are talking about the federal reserve, whether were talking the ecb, and, of course, inflation is not that much of an issue when it comes to pboc over in china. and over to china where the latest data showed travel spending during the dragon boat festival last week fell short of pre—covid levels. domestic tourism revenue was about 95% of the amount recorded in 2019, even though more trips were made. we have been seeing signs of a slowdown in the chinese economy, and not just over co...
Federal Reserve Domestic Tourism Revenue Dragon Boat Festival Travel Spending Consumer Levels Capital Economics

BBCNEWS Asia Business Report June 4, 2024 00:33:00

Period of extreme pessimism. you look at many of the consensus forecasts for chinese growth of around 5% each year and that would imply the chinese economy barely grows for the rest of the year. that is certainly a possibility. it is certainly a possibility. it is a risk. you mentioned the tourism data for the dragon boat festival. that was disappointing. 95% of pre—pandemic levels were in early may during the labour day holiday when we were back at 100 so it seems like the recovery there is g...
Consensus Forecasts Tourism Data Dragon Boat Festival Labour Market Youth Unemployment Rate Figures Hopejust Reverse

BBCNEWS Asia Business Report June 4, 2024 23:33:00

Are not doing well, but in particular i think for china, significant domestic headwinds from the property sector, from the loss of confidence among households and private businesses, and that is making it very difficult for the economy to regain its previous momentum, which is why we are seeing the recovery level off at the growth rates which pre—pandemic would have been seen as very low. it maybe thats just the new normal that the chinese economy now faces. in some of your research, you are s...
China S Property Sector Recovery Level Growth Rates Pre Pandemic Consensus Forecasts

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"Critical Economic Uncertainties" - Keynote Speech By Mr Ravi Menon, Managing Director, Monetary Authority Of Singapore, At The SuperReturn Asia Conference On 20 September 2022

<p>Ladies and gentlemen, good morning. </p>
<p>I am happy to join you at the SuperReturn Asia Conference — the first time the conference is being held fully in person since the start of COVID-19, and the first time here in Singapore. </p>
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