UAE Non-Oil Business Activity Surges to Nine-Month High in December

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 The United Arab Emirates' non-oil private sector recorded its fastest expansion in nine months in December 2024, buoyed by strong domestic demand and increased business activity, according to the latest S&P Global Purchasing Managers’ Index (PMI) report. PMI Highlights Robust Growth The seasonally adjusted UAE PMI climbed to 55.4 in December from 54.2 in November, signaling robust growth well above the 50.0 threshold that separates expansion from contraction. This marked the third consecutive monthly increase, underscoring sustained recovery in the non-oil sector. Key drivers of growth included a notable rise in new business activity. The new orders subindex rose sharply to 59.3 in December from 58.0 in the previous month, reflecting strong domestic demand. Challenges Amid the Growth While domestic demand flourished, export growth slowed, with the export orders subindex dropping to a seven-month low. Additionally, businesses faced mounting backlogs due to capacity constraints,...

Will Japan actually disappear if people don't have more babies?

 

Japan

If we go on like this, the country will disappear," Masako Mori, an upper house lawmaker and former minister who advises Japanese Prime Minister Fumio Kishida on the birth rate problem and LGBTQ issues, said in an interview in Tokyo.

Japan announced last February the number of babies born in 2022 slumped to a record low, with lesser than 800,000 births and about 1.58 million deaths. The alarming situation has prompted the prime minister to make promises on doubling the spending on children and families in order to control the slide, that's progressing faster than expected.

While Japan's population has dropped from a peak of just over 128 million in 2008 to the current 124.6 million, the proportion of people aged 65 or over increased to more than 29% last year.

"It's not falling gradually, it's heading straight down," said Mori, adding the children who have to live through the process of disappearance will experience enormous harm.

If the required measures aren't taken on time, the social security system would collapse, there wouldn't be enough recruits for the Japanese Armed Forces to protect the country, and industrial and economic strength would decline, she further mentioned.

While the significant drop in the number of women of childbearing age would make it extremely difficult to reverse the slide now, "the government must do everything it can to slow the plunge and help mitigate the damage," the advisor to Kishida said.

While the prime minister has yet to announce the content, he has said the new spending package will be "on a different dimension" from earlier policies. So far, he has delivered hints regarding improving childcare provision, increasing child allowances, and changing working styles.

But critics argue that spending money on families who already have children isn't sufficient to effectively address the real issue. A number of comprehensive changes are needed, including reducing the burden on women of raising kids and easing the process of participating in the workforce after giving birth, a paper from a government panel on gender equality mentioned.

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