The World Bank projected a further weakening of consumption growth in the United States, amid a decline in personal savings. While personal saving in that nation was $851.2 billion in the third quarter of 2023, the personal saving rate (personal saving as a percentage of disposable personal income)
According to the China Electric Vehicle Association, the market size of China‘s three-wheel electric vehicle industry was expected to be $6.3 billion in 2023 and will be $9.12 billion in 2028. Thus, over that period, it would record a compound annual revenue compound rate of approximately 6.36 percent.
Consumer spending in the United States increased 3.1% during the third quarter of 2023 compared with the preceding period in seasonally adjusted data. With that, consumer spending in that nation contributed 2.1 percentage points to the increase in real GDP. It remains to be seen whether consumers will
Japan has signed a total of 18 Economic Partnership Agreements (EPAs) with 20 countries in addition to the European Union. These countries include Singapore, Mexico, Malaysia, Thailand, Indonesia, Brunei, Philippines, Switzerland, Vietnam, India, United Kingdom, Peru, Australia and Mongolia. It also has agreements with the Association of Southeast
China led the ranking of the most connected economies in shipping in the third quarter of 2023. According to the Liner Shipping Connectivity Index (LSCI), China scored 179 points. To understand the indicator: the LSCI indicates the position of an economy within global liner shipping networks. It is
Trends by industry in FDI in 2023 show that the number of projects increased 16% in global value chain (GVC) intensive sectors. Especially, this occurred in automotive, textiles, machinery and electronics. At the same time, the number of greenfield projects announced in semiconductors fell 10% (39% by value)