Xinhua world economic news summary at 1100 GMT, March 27

0 Comment(s)Print E-mail Xinhua, March 27, 2024
Adjust font size:

HANOI -- Vietnam's Q1 gross domestic product (GDP) growth will moderate to a still-strong 6.1 percent year-on-year from 6.7 percent in Q4 last year, according to the latest forecast made by the Standard Chartered Bank.

It maintains the country's 2024 GDP growth forecast at 6.7 percent with growth accelerating from 6.2 percent year-on-year in the first half of the year to 6.9 percent in the second half of the year, local media reported. (Vietnam-GDP)

- - - -

CANBERRA -- Australia's rate of inflation remained steady for the third consecutive month in February, official data has revealed.

According to figures published by the Australian Bureau of Statistics (ABS), the consumer price index (CPI), the headline measure of inflation in Australia, rose by 3.4 percent in the 12 months to February. (Australia-Inflation)

- - - -

ABUJA -- Nigeria's central bank on Tuesday further raised the monetary policy rate by 200 basis points to 24.75 percent amid rising inflation in the most populous African country.

The move, made barely one month after it raised the interest rate to 22.75 percent, was in consideration of the current inflationary pressures and the need to anchor inflation expectations as well as ensure sustained exchange rate stability, Yemi Cardoso, governor of the Central Bank of Nigeria (CBN), who chairs the Monetary Policy Committee, told the media at the end of a meeting in the capital of Abuja. (Nigeria-Policy Rate)

- - - -

PHNOM PENH -- The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) in Cambodia hit 628 million U.S. dollars in the first two months of 2024, up 38.3 percent compared to the same period in 2023, the zone operator said in a news release.

Jointly ventured by Chinese and Cambodian investors, the SSEZ is a flagship project under China's Belt and Road Initiative (BRI). (Cambodia-China-Economic Zone) Enditem

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from