Glacier FarmMedia COVID-19 & the Farm

Global Markets: China revises 2019 GDP

By MarketsFarm

WINNIPEG, Dec. 30 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

China revised its official gross domestic product growth rate for 2019 to six per cent from 6.1 per cent, due to lower estimates for manufacturing output. China’s gross domestic product totalled 98.7 trillion yuan, or US$15 trillion. The Chinese government has not yet published their GDP growth targets for 2020 due to the COVID-19 pandemic. However, the country is expected to be the only major economy to show growth on the year. GDP is expected to increase by two per cent.

The United Kingdom has approved AstraZeneca-Oxford’s COVID-19 vaccine, following the approval of the Pfizer-BioNTech earlier in December. The U.K. is the first country in the world to approve AstraZeneca-Oxford’s vaccine.

At least five people were killed and dozens were injured following an attack on an airport in Yemen. The newly-formed Yemeni government arrived from Saudi Arabia easy on Wednesday. The cabinet safely made it to their government buildings despite the explosions and gunfire.

COPA Medallion COPA finalist in 2012, 2014 and 2015.
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