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In his first news conference in about two years, Yoon pledged on Thursday to improve livelihoods and create a new ministry to boost the country’s birth rate, which is ranked lowest in the world and threatens long-term economic prospects.
“There doesn’t seem to be any indication at all that these issues have remarkable adverse effects on the economy,” Economic Planning Secretary Arsenio Balisacan said on Thursday, shortly after the government reported first-quarter growth of 5.7 per cent, below a 5.9 per cent expansion seen in a Bloomberg survey.
MANILA -- The Philippine economy grew by 5.7% in the January-March period, anchored by household spending and exports, but slower growth ahead is feared due to accelerating inflation and high interest rates.
CEO Campbell Wilson says journey to restoring Air India’s reputation is ‘well under way’.
Differences between U.S.-led Western and China-aligned economic blocs threaten global trade cooperation and economic growth, a top official with the International Monetary Fund warned on Tuesday.
Aside from ramen and sausages, South Korea's convenience stores have a new popular item on the menu — gold bars.
The Bretton Woods system turns 80 in July. Many agree that its moorings are buckling. Its institutions are increasingly unable to manage global economic crises as its founding powers adjust to the rise of China and India while the entanglements of interdependence multiply and geostrategic tensions thwart cooperation.
Twenty years have passed since the May 1, 2004, enlargement of the European Union that brought 10 additional members into the bloc, including the Baltic states and former Communist bloc nations such as Hungary and Poland.