Tue, 21-Oct-2025

China spending data adds to worries over economic rebound

China

BEIJING: Chinese consumer spending grew at a slower-than-expected pace in November, data released on Wednesday showed, with analysts warning that an uptick in coronavirus cases was dampening sentiment and adding to questions over a rebound in the world’s second-largest economy. China’s economy bounced back quickly from the pandemic after authorities contained Covid-19 with strict border controls … Read more

Philippine economic growth beats forecasts in third quarter

MANILA: The Philippine economy grew more than expected in the third quarter, the government said on Tuesday, as a rebound in consumer spending overcame pandemic lockdowns and other restrictions to rein in the fast-spreading Covid delta variant. Gross domestic product expanded 7.1 per cent, according to the Philippine Statistics Authority, better than the 4.9 per cent … Read more