May 11, 2023

By Liangping Gao and Kevin Yao BEIJING (Reuters) – China’s consumer prices rose at the slowest pace in more than two years in April, while factory gate deflation deepened, data showed on Thursday, suggesting more stimulus may be needed to boost a patchy post-COVID economic recovery. The weak consumer price rise reinforces the signals from…

By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -Philippine economic growth cooled to its slowest in two years in the first quarter as red-hot inflation and high interest rates dampened consumption, but a slew of positive data, including a drop in jobless rates, pointed to a rosy outlook for 2023. Gross domestic product…