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Economy
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Philippines’ Unemployment Rate Steady at 8.7% in January
The unemployment rate hit a record 17.7% in April, equivalent to 7.3 million people without jobs, as President Rodrigo Duterte imposed strict lockdown measures to prevent the spread of the virus.
South Korea Feb Inflation Accelerates to Over 1-Year High
Last week, the Bank of Korea raised this year's inflation outlook to 1.3% from 1.0% previously, while keeping the policy interest rate unchanged at a record low of 0.50%.
US Economy Got Off to Modest Start in 2021, Fed Says
The Fed, however, reported that the labor market, which remains about 10 million jobs short of where it was before the start of the coronavirus pandemic in 2020, was not gaining as much traction as had been hoped.
One Year Into Pandemic, Sky Begins To Clear Over US Economy
That sort of bullish sentiment has increasingly taken root among executives, analysts and consumers who see the past year of comparative hibernation—from the government-ordered business closings last spring to continued risk avoidance by the public—giving way to a cautious re-emergence and green shoots in the economy.
Malaysia's economy saw its biggest full-year contraction in over two decades last year as it imposed strict coronavirus curbs for most of 2020.
Thai Exports May Rise More Than Forecast As Demand Recovers: Shippers
Thai exports could grow more than a forecast of 3-4% increase this year as global demand improves, but a persistently strong baht and a migrant labour shortage pose a risk, the country's shippers' council said on Tuesday.
China’s Economy Could Grow 8–9% This Year From Low Base in 2020 – Central Bank Adviser
Analysts from HSBC this week forecast that China would grow 8.5% this year, leading the global economic recovery from the pandemic.