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China announces consumption-boosting measures as data disappoints
China announces consumption-boosting measures as data disappoints
Business and Economy
by  AFP

Chinese authorities announced new measures to boost consumption on Monday, as fresh economic data suggested that the country's post-Covid recovery is running out of steam and growth is slowing. Official figures released Monday showed factory activity contracting for the fourth straight month in July, adding to a run of dismal economic data that has ramped up calls for government support measures.

Eurozone economy rebounds as inflation slows in July
Eurozone economy rebounds as inflation slows in July
Business and Economy
by  AFP

Economic growth in the eurozone rebounded in the second quarter, data showed Monday, but concerns remain over inflation that is slowing yet still stubbornly high, and over stagnation in the German economy. There will be further concerns over the health of Germany's economy as inflation remains high, reaching 6.5 percent in July, Eurostat said, down slightly from 6.8 percent in June. raz/rmb/js