world economic news

Economic News Daily – Monday 11/04/2022

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CHINA 

China’s annual inflation rate rose to a three-month high of 1.5% last month, above market estimates of 1.2%, official data showed on Monday. Core inflation that excludes energy and food prices, held steady at 1.1%  in March.

UK

The United Kingdom’s gross domestic product (GDP) rose just 0.1% in February, much slower than the 0.8% increase in January, according to a monthly estimate released by the country’s Office for National Statistics on Monday. This was also weaker than the expected growth of 0.3%.

RUSSIA UKRAINE

Russia’s GDP will contract by 11.2% in 2022 and Ukraine’s by 45%, according to a new forecast released by the World Bank on April 10. Growths of 0.6% and 1.3% respectively are expected in 2023 and 2024.