"If the recovery of manufacturing continues, it would contribute toward reaching the 2024 growth target, but more supportive policies are still needed to sustain the momentum and recovery," Lynn Song, Chief Economist for Greater China at ING, told Reuters. The World Economic Forum's Centre for Financial and Monetary Systems works with the public and private sectors to design a more sustainable, resilient, trusted and accessible financial system worldwide. The US Federal Reserve saw a net negative income of $114.3 billion last year, a record loss. The preliminary figure is a result of expenses tied to managing the bank's short-term interest rate target. The Fed, by law, hands over profits to the Treasury, and earns incomes from services provided to the financial system and interest on securities it owns. Over recent years it has earned significant profits. South Korean consumer confidence fell in March, amid concerns around higher produce prices, according to a new survey from the...
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