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China’s Economic Outlook: Experts Lower 2024 Growth Forecast to 4.8%
China’s economic landscape faces new challenges as experts revise their growth projections downward. A recent survey of 28 local analysts reveals a shift in expectations for the country’s economic performance. The average forecast for China’s GDP growth in 2024 now stands at 4.8%, down from the previous estimate of 4.9% in July. This adjustment comes […]
Brazil’s State-Owned Enterprises Face Historic Deficit
In 2023, Brazil’s SOEs faced a R$2.3 billion ($460 million) deficit, their worst since 2015, reports the Central Bank. This announcement, made on February 7, 2024, marks a significant financial downturn for these entities. The last similar deficit was R$1 billion ($200 million) in 2016, marking a dramatic economic performance shift. The data reveals that […]