Nigeria’s plans revitalise export processing zones

India's economy grew by a record 20.1 percent between April and June, compared to the same period last year when the country was experiencing a deep recession. The strong growth comes despite India seeing a surge in Covid-19 cases during that period. Also today, we hear how French luxury giants saw tens of billions of euros wiped off their market value after a warning that China's rich may have to pay more tax.

African economies are due to emerge from recession this year, but their recoveries remain fragile, according to the World Bank's Africa's Pulse report. Axel van Trotsenburg, Managing Director of Operations at the World Bank, tells FRANCE 24 that rising inflation has led to more food insecurity across Africa. He wants the Covid-19 vaccine rollout to be accelerated in order to get 40 percent of the continent fully vaccinated by the end of the year.

African economies are due to emerge from recession this year, but their recoveries remain fragile, according to the World Bank's Africa's Pulse report. Axel van Trotsenburg, Managing Director of Operations at the World Bank, tells FRANCE 24 that rising inflation has led to more food insecurity across Africa. He wants the Covid-19 vaccine rollout to be accelerated in order to get 40 percent of the continent fully vaccinated by the end of the year.

The revision comes as the post-pandemic recovery falters in advanced economies, including the US and Germany. The IMF has kept its growth forecast for 2022 unchanged but has warned of "dangerous" divergent recoveries.

China's Q3 GDP growth came in below forecasts at 4.9%, as power shortages, supply chain disruptions and a liquidity crisis in the real estate market continue to weigh on the economy. Also, Facebook announces a plan to hire 10,000 new EU workers to build its "metaverse", and Hollywood narrowly avoids a major production crew strike.

Consumer demand is driving continued recovery, but Europe's largest economy grew by a less-than-expected 1.8% in the third quarter. Supply chain hold-ups prevented some manufacturers from producing at full capacity.

Debt levels have increased as more sub-Saharan countries look towards borrowing. Zambia's debt now equals its total GDP, while Kenya may be speeding towards its own financial crisis.

As COVID-19 continues to harm economies globally, it's the developing and emerging economies that are suffering most says the lender's Franziska Lieselotte Ohnsorg.

China's economy grew by 8.1 percent last year, but the expansion slowed towards the end of 2021. FRANCE 24's Cole Stangler takes a closer look at the factors holding up growth, from sluggish retail sales to the high cost of Covid-19 lockdowns.

Can old sneakers really be a legitimate investment? Many online resellers and even one of the oldest and biggest auctions houses in the world think so. Recent astronomical prices may prove them right.

Beijing reported a 4.8% growth for the first quarter, a modest increase over the previous quarter's 4%. The country's economy has been stalling amid coronavirus outbreaks.

The negative economic effects from Russia's invasion of Ukraine will significantly hurt global growth, the IMF has said. Increasing food and fuel prices have raised the prospect of unrest in poorer countries.