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The «» query returned 5 matches.

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  1. Petrochemicals in facts and figures

    .... In China, where a new COVID-19 outbreak has been reported, the situation is different. Several large provinces and cities, including Shanghai with 26 million residents, remain under lockdown, causing limited economic activity and potential GDP decline vs the target growth rate of 5.5% in 2022. Against this background, inflation in China remains stable and the government is developing support measures to stimulate the economy, including increasing budget expenditure in 2022 by CNY 2 trillion ...

  2. Petrochemicals in facts and figures

    The economy is recovering from the initial shock of the pandemic, but there are still headwinds. Record macroeconomic performance The incessantly rising inflation in advanced economies and most emerging markets remains the hottest item on the economic agenda. The huge central bank stimulus measures of 2020 helped jump-start the economy after the outbreak of the pandemic, but now they have triggered runaway inflation in consumer goods prices. This threatens to slow down economic activity and put...

  3. Macroeconomics in Russia

    ... will remain high due to the extension of the OPEC+ deal and low inventories at the end of 2021. Domestic factors "+" National Wealth Fund investments. The investments of Russia’s National Wealth Fund (NWF) are capped at 7% of GDP, and the NWF is currently worth 12% of GDP. On 19 November, the Federation Council approved an increase in the threshold for the NWF’s liquid assets from 7% to 10% of GDP. Nevertheless, the NWF may be used to finance selected self-funding infrastructure ...

  4. Petrochemicals in facts and figures

    ... problems with high inflation. This is due to the slower recovery of their economies from the pandemic and the resulting slow growth in demand for consumer goods and services. In China, the trends are reversed: PMI and inflation are declining. This led to a GDP growth of 4.9% in the third quarter vs the expected 5.2%. Meanwhile, consumer inflation rose sharply to 1.5% in October, with producer price inflation at 13.5%, a 26-year high. The slowdown in economic activity in China is due, among other reasons,...

  5. Employees are in need of training

    ... because they do not fit their job requirements, according to a report by Boston Consulting Group (BCG) entitled “Alleviating the Heavy Toll of the Global Skills Mismatch”. This imposes a constraint on the economy as low productivity slows down GDP growth. According to BCG, Russia could boost its predicted annual GDP growth rates by at least 1% by eliminating the skills mismatch. “The skills mismatch is a problem facing the global labour market,” say BCG analysts. In the country rankings ...