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Newsletter | Economists cut China's growth outlook further; Radhika Gupta's 5 money tips for beginners & more
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Newsletter | Economists cut China's growth outlook further; Radhika Gupta's 5 money tips for beginners & more
Aug 29, 2023 2:50 AM

Here's a rundown of 11 significant news stories to keep you in the know:

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Economists cut China's growth outlook further for 2023

China’s economic outlook is showing no signs of improvement, with forecasters broadly trimming their expectations for the nation’s recovery, prices and trade.

Economists now see gross domestic product expanding 5.1 percent in 2023 from the prior year, according to the median estimate in the latest Bloomberg survey. That’s down from an earlier expectation of 5.2 percent and brings projections closer to the government’s target of about 5 percent — a number widely seen as conservative when it was set in March.

Aditya-L1: When and where to watch launch of ISRO's solar mission

The Indian Space Research Organisation (ISRO) announced that India's first solar mission Aditya-L1 will be launched this week from Sriharikota spaceport. The space agency said Aditya-L1 is the first space-based Indian observatory to study the Sun. The spacecraft will be launched using a PSLV-C57 rocket.

The ISRO announced on Monday that the launch of Aditya-L1 will take place at 11:50 a.m. (IST) on September 2, 2022. The spacecraft will take off from Sriharikota in Andhra Pradesh.

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