Tag Archives: slump

Portugal holiday prices slump after amber list – where are Europe's cheapest holidays?

Where are the cheapest places to holiday in Europe right now?

According to lastminute.com, there are still a lot of low cost holidays on the continent in green and amber list countries.

Holidays at four star hotels are going for a little as £187 per person – including flights and hotel for five nights in Majorca.

A holiday in Crete East, staying in a four star hotel for five nights would set you back £219 – including a direct flight from London.

A holiday on the Amalfi coast at the end of June would cost an incredibly cheap £256 – including a direct flight, and a stay of four nights in a four star hotel.

Elsewhere, you can get seven nights in a three star hotel in Dassia, Corfu, for only £212 – and again, that includes a direct flight from London.

This post originally appeared on Daily Express :: Travel Feed

China’s economy sees record growth after Covid-19 pandemic slump

The Chinese economy has shaken off the aftermath of the coronavirus crisis, expanding at a record pace of 18.3% in the first three months of 2021 compared to a year ago.

The figures for the country’s economic performance were published by China’s National Bureau of Statistics (NBS) on Friday. The over 18-percent surge became the best quarterly growth since at least 1992 when quarterly gross domestic product (GDP) records began. The results were largely in line with the expectations of economists polled by Bloomberg, who predicted GDP would jump by 18.5%. However, some expected China’s economic output would be even higher, with analysts polled by Reuters predicting a 19% increase.
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The year-on-year surge was buoyed by a low base, as the world’s second-largest economy shrank by a record 6.8% in the first quarter of 2020, when production and movement in the country were paralyzed due to the Covid-19 outbreak. China was the first country to face the deadly virus but was also the first to largely contain it, becoming the only major economy not to report an annual downturn in 2020.

Given the low-base factor, some analysts pointed out that a quarter-on-quarter basis can give a better reading of China’s economic performance. According to the official statistics, the country’s GDP gained 0.6% in January-March from an upwardly revised 3.2% growth in the fourth quarter. That is lower than analysts forecasted, as they expected the quarterly growth to stand at 1.4%, according to Bloomberg.

Read more
China outpaces US as Europe’s largest trade partner in 2020

The statistics bureau noted that the Chinese economy “presented continued momentum of stable recovery” at the beginning of the year, but cautioned that the “international landscape is complicated with high uncertainties and instabilities” in the wake of the pandemic.

“We must also see that the Covid-19 epidemic is still spreading globally, the international landscape is complicated and severe, the foundation for domestic economic recovery is not yet solid, and some service industries and small and micro enterprises are still facing more difficulties in their production and operation,” NBS spokeswoman Liu Aihua said as cited by the South China Morning Post.

While China’s post-Covid-19 rebound is leveling off and the economy is set to grow at a more steady pace, the government expects its GDP to expand more than 6% this year.

Earlier this week, China reported an over 30% increase in exports for March marking the ninth consecutive period of growth amid strengthening domestic demand. Customs statistics also showed that inbound shipments were up more than 38% last month in US dollar terms compared to the same period last year.

For more stories on economy & finance visit RT’s business section


This article originally appeared on RT Business News

Let's talk about six? Rival fans ridicule Liverpool as they slump to new low with SIXTH home loss in a row

Jurgen Klopp’s dreams of a second successive Premier League title have turned into a nightmare after his team suffered their SIXTH home defeat in a row after another Anfield slump, this time against relegation-threatened Fulham.

While some fans may have been wary of saying it out loud, there is now no doubt that the wheels have well and truly come off Klopp’s Liverpool juggernaut after the German’s injury-ravaged team dropped three more home points to Scott Parker’s side to mark their worst run of league form since the 1951-52 season. 
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A Mario Lemina strike towards the end of the first half was enough to seal a famous three points for the Londoners after the Gabonese international seized on a mistake from Mo Salah to squeeze the ball inside Alisson Becker’s right-hand post.

Liverpool made seven changes from the side which lost 1-0 at Anfield to Chelsea on Thursday with the likes of Diogo Jota, Naby Keita and Xherdan Shaqiri drafted into the side – but any hopes that an injection of new blood into the starting lineup may help eradicate their recent woes proved unfounded as the Reds appeared weary and listless throughout. 

And as you might have expected, fans on social media didn’t go easy on them.

Incredibly, Liverpool had gone 68 home league matches without defeat before beginning their run of defeats against Burnley in January. Since then they have emerged from games at Anfield with Brighton, Manchester City, Everton, Chelsea and now Fulham without a single point to show for their efforts.

This time a year ago, Liverpool went 22 points clear at the summit of the Premier League table after a home win against Bournemouth as they marched towards their first Premier League title in three decades – but just 12 months later, Liverpool’s form is among the worst in the English top division and they risk missing out on Champions League qualification altogether.

The negative statistics keep piling up, too. Liverpool have yet to score a home goal from open play this year while it is now fourth months since they kept a clean sheet at their previously impenetrable home ground. 

And in a season which promised so much, nowadays Liverpool must arrest the decline into mediocrity – after all, the last time this happened it was another 30 years before they won the league again. 
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