China Sets Lowest Economic Growth Target Since 1991
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China set its growth target at the lowest level in decades, implying how Beijing is acknowledging domestic challenges while saving firepowers to cushion global shocks.
GDP grew at an annualized rate of 1.4% in the fourth quarter, down from 4.4% in the third quarter. The report was originally scheduled for Jan. 29, but was released at 8:30 a.m. ET Friday because of government shutdown-related delays.
A simple reason explains why U.S. economic growth seemed to hit a wall in the final three months of the year.
Growth cooled in the quarter largely due to less government spending and a larger trade deficit.
Learn how GDP growth can influence inflation, impact economic health, and affect consumer purchasing power. Understand the relation for better financial decisions.
The US economy grew at an annualised rate of just 1.4 per cent in the fourth quarter, as the longest federal shutdown hit government spending, while a crucial inflation measure crept higher.
The new GDP series due today is likely to peg India GDP growth rate at 7.6% in FY26 versus the first advance estimate of 7.4%, according to a Bloomberg survey.