• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

China deflation pressure worsens as economy slumps – Survey shows

3 years ago
in Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
105
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

China deflation pressure worsens as economy slumps – Survey shows

Deflationary pressure in China worsened in the fourth quarter as the economy slumped, with price-growth likely to be subdued even when the economy rebounds later this year, according to China Beige Book International.

Companies recorded the weakest growth in wages and input costs in the final three months of 2022 since mid-2020, CBBI said in a report Tuesday. Growth in sale prices also slowed to the worst level since late 2020, it said.

The report is based on surveys that CBBI, a provider of independent economic data, conducted with 4,354 businesses during the period.

“Short term disinflation is already here, with sales price growth slowing to a crawl,” it said. “The Covid blow to retail could push this into deflation in the first quarter.”

Consumer inflation slowed to 1.6% in November from 2.1% in the prior month as Covid disruptions suppressed demand, official data showed. Economists polled by Bloomberg expect full-year inflation to remain relatively subdued at 2.3% this year even as economic growth picks up.

Inflation will likely return after the first quarter, but “will largely represent the making up of lost ground before fading,”  CBBI said in the report.

RelatedPosts

FirstBank and Coronation Insurance Strengthen Partnership to Deliver Greater Value to Customers

Specialised Financial Courts to Prosecute Persons Indicted in Auditor General’s Annual Report, Says President Mahama

Top 50 Mining Companies Surge to New Record Near $2 Trillion Valuation

Any sustained and substantial price increases would require prolonged policy easing, while China still faces long-term deflationary pressures from demographic challenges, it said.

Source: bloomberg
Via: norvanreports
Tags: ChinaChina deflation pressure worsens as economy slumps - Survey showsdeflation pressure
No Result
View All Result

Highlights

Ecuador’s Declining Oil Output Threatens to Spark an Economic Crisis

Cedi Erases Q3 Losses as Currency Rallies 16% in October

Policy Inconsistencies, Underinvestment Undermining Ghana’s Oil Revenue Growth – Prof Lord Mensah

GSE Composite Index Declines as Market Capitalisation Falls to GH¢168.02bn

European Football’s Power Shift: The Rise of the EFC

Atlantic Lithium Discovers New High-Grade Spodumene Pegmatite Occurrences in Côte d’Ivoire

Trending

Business

FirstBank and Coronation Insurance Strengthen Partnership to Deliver Greater Value to Customers

October 21, 2025

FirstBank and Coronation Insurance Strengthen Partnership to Deliver Greater Value to Customers FirstBank Ghana and Coronation Insurance...

Specialised Financial Courts to Prosecute Persons Indicted in Auditor General’s Annual Report, Says President Mahama

October 21, 2025

Top 50 Mining Companies Surge to New Record Near $2 Trillion Valuation

October 21, 2025

Ecuador’s Declining Oil Output Threatens to Spark an Economic Crisis

October 21, 2025

Cedi Erases Q3 Losses as Currency Rallies 16% in October

October 21, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.