China’s services business is growing despite weak sales and limited employment

China's services business is growing despite weak sales and limited employment

China’s services business grew at a slightly faster pace on Friday, a private sector survey showed, with sales growing at the slowest pace in 10 months and employment stagnating as business confidence declined. The vast services sector, which accounts for about 48 percent of China’s jobs, rebounded strongly earlier this year, but analysts say slow …

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Germany will overtake Japan as the third-largest economy, thanks to a weak yen

Germany will overtake Japan as the third-largest economy, thanks to a weak yen

(Bloomberg) — The German economy is projected to displace Japan as the world’s third-largest in 2023, helped by a decline in the value of the yen against the dollar and euro. Most read by Bloomberg The latest International Monetary Fund forecasts estimate Germany’s nominal gross domestic product this year at $4.43 trillion, compared with Japan’s …

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