China is widely reported to be the first and only G20 economy to recover from the COVID-19 pandemic with growth in 2020. This reverses the shrinkage of its economy by 6.8 per cent in the first quarter of the year due to the initial lockdown reaction to the viral outbreak – the first on record .
By Reuters Staff
1 Min Read
ALGIERS (Reuters) - Algeria’s annual inflation went up to 2.3% in November, from 2.2% the previous month, after a rise in prices for services and manufactured products, official figures showed on Thursday.
OPEC member Algeria, which relies heavily on imports of goods, including foodstuffs, has been trying to reduce spending on purchases from abroad after a fall in oil and gas export revenues.
Prices of manufactured products rose 5.3%, while the cost of services went up 1.7%, according to figures released by the National Statistics Bureau. Algeria’s full-year inflation reached 2% in 2019.
Reporting by Hamid Ould Ahmed; Editing by Alex Richardson
Commentary: Can the world benefit from China’s economic resilience yet again? Toggle share menu
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Commentary: Can the world benefit from China’s economic resilience yet again?
China s economy has bounced back after authorities managed to largely contain the coronavirus pandemic AFP/NICOLAS ASFOURI
24 Dec 2020 07:36AM) Share this content
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SINGAPORE: China is widely reported to be the first and only G20 economy to recover from the COVID-19 pandemic with growth in 2020.
This reverses the shrinkage of its economy by 6.8 per cent in the first quarter of the year due to the initial lockdown reaction to the viral outbreak - the first on record since 1992 when quarterly GDP statistics started to be officially collected and recorded.
Safeguarding people’s health has been the global priority amidst the COVID-19 pandemic. In Bhutan, emerging lessons show how nutrition and other aspects of health are intricately related to the management of food security during the current crisis, and beyond. The country’s leaders have used moral suasion alongside policy measures to demonstrate that good nutrition need not be a luxury.
Attribution: Om Bhandari, “Safeguarding Food Self-Sufficiency in the Time of COVID-19: Lessons from Bhutan,”
ORF Issue Brief No. 429, December 2020, Observer Research Foundation.
INTRODUCTION
Global trade was already facing disruptions before the outbreak of the COVID-19 pandemic, owing to weakened growth and heightened US-China tensions; agriculture commodities were being disproportionately affected.
Chinese Nov factory output grows at fastest pace in 20 months
Industrial output growth quickened to 7.0% in November from a year earlier, data from the National Statistics Bureau (NBS) showed on Tuesday
Reuters | December 15, 2020 | Updated 12:55 IST
China s factory output grew at the fastest pace in 20 months in November, as revived consumer spending and a gradual easing of COVID-19 restrictions in major trading partners lifted demand for the country s manufactured goods. Industrial output growth quickened to 7.0% in November from a year earlier, data from the National Statistics Bureau (NBS) showed on Tuesday. That was in line with analyst expectations in a Reuters poll and faster than the 6.9% expansion in October.