Tag

Downturn

All articles tagged with #downturn

China’s Housing Crisis Deepens Amid Slumping Prices and Sales

Originally Published 6 months ago — by Visual Capitalist

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Source: Visual Capitalist

China's real estate market is experiencing a significant downturn, with over 90% of cities seeing month-to-month price declines since late 2023 and a 14% drop in the residential home price index since August 2021, driven by structural weaknesses, regulatory restrictions, and developer debt, although high-end markets like Shanghai still attract wealthy buyers.

"Israel's Tech Sector Struggles Amidst Gaza War and Budget Deficit"

Originally Published 2 years ago — by Haaretz

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Source: Haaretz

The Israeli high-tech industry is experiencing its worst downturn ever, surpassing previous setbacks such as the dot-com bubble and the Great Recession. The outlook for 2024 appears grim due to ongoing conflict, a challenging global economy, and a government mired in corruption, posing further challenges for the "Start-Up Nation."

China's Economic Growth Surges in August

Originally Published 2 years ago — by CNN

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Source: CNN

China's economic data for August suggests that the downturn in growth may be stabilizing, with industrial production and retail sales showing improvement. Investment in fixed assets also grew, indicating a potential turnaround. Despite concerns over weak export demand and a property crisis, economists believe that the worst may be over for China's economy. The People's Bank of China recently made a surprise cut to the reserve requirement ratio to support economic recovery. However, economic data has not yet shown a sustained recovery trend, with consumer prices remaining listless.