External Demand News Today

To achieve a more sustainable tax base, the government intends to prioritise investment and consumption as the main pillars of economic growth. Can these work after the numbers clearly show that it’s not full steam ahead for the economy?

Highlights next week include US CPI and Retail Sales data, Australian jobs report and UK employment, CPI and GDP.

Japan's economy likely swung back to growth in the October-December period, helped by a slight pickup in external demand, though analysts warned private consumption remains fragile, a Reuters poll showed on Friday. The expected return to expansion, albeit modest, would come at a time when the Bank of Japan is debating the likelihood of a near-term exit from its massive stimulus programme, and is closely monitoring upcoming wage talks and consumer spending. "The recovery is not stron...

The city’s GDP expanded 5 per cent last year as the global economy turned out to be weaker than expected, Mayor Gong Zheng told an annual session of the Shanghai People’s Congress on Tuesday.

In Uganda, growth could reach 6 percent in FY23/24 and surpass it over the medium term, thanks to investment in oil-related infrastructure, the energy sector and transport.

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ICRA, which estimates Q2 GDP growth at 7 per cent topping the Monetary Policy Committee's forecast of 6.5 per cent, said growth may slow down in the second half of the financial year ahead of the elections as the impact of slowing capex and tempering of demand because of monetary tightening shows through in full.

A meeting between US President Biden and China President Xi is the highlight; there is also US CPI and retail sales, the former being a key input into the Fed's policy deliberations; China activity data will also be released.

Hungarian industry runs on exports alone Although September brought some recovery in Hungarian industry, domestic demand is still limiting the overall performa

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