Beijing, June 26 (IANS) Northeast China, which was once seen as the nation’s powerhouse of heavy industry, is facing shrinking opportunities, vanishing communities, and a deep sense of uncertainty, as per a report. “Dalian, emblematic of this decline, reflects the broader struggles of a society caught between past promises and present realities. Factories that once symbolised prosperity now stand silent, while families wrestle with financial strain and fading hope. This unfolding crisis is mor…
Latest Economic Decline News & Updates
New Delhi, Dec 27 (IANS) State Bank of Pakistan Governor Jameel Ahmad’s warning that Pakistan’s growth model is “unsustainable” for a population of 250 million comes at a time when business cycles in the country shorten, and each recovery is weaker than the one before, a report said on Saturday. The report from European Times said that the comment came at a time when Pakistan is suffocating under soaring poverty, historic unemployment, and a prolonged phase of stabilisation that has crushed ho…