The world's second-largest economy is sputtering. In 2015 it grew by only 6.9 percent. Beijing says that slower growth is acceptable as long as enough new jobs are created. But Chinese workers are feeling the impact of the slowdown.
Expansion of the world's second-largest economy has cooled slightly, fresh figures from the national statistics office have shown. But there's no sign of instability as the Communist Party Congress is in full swing.
The good news continues for Europe’s largest economy. The government has raised its growth forecast on the back of a more positive global outlook and as a result of strong domestic industrial and export figures.
Germany exported significantly more goods in August than it imported as the country’s economy continues to show all the signs of powerful growth in the third quarter, easing fears about a strong euro impacting trade.
The World Trade Organization has issued a marked upward revision of its trade growth forecast for this year. Its regained optimism is based on stronger economic indicators in China, the US and the eurozone.
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