Born in 1738 to aristocratic family in London. Educated at Eton and Cambridge, joined British army in 1757. Succeeded father as 2nd Earl Cornwallis in 1762
Growth slowed after strong performance in 2015 due to political uncertainty. Consumption remains main growth driver, investment weak. Inflation moderated but remains above target. Current account deficit remains sizeable at over 4.5% of GDP
Program aims to sustain growth prioritizing investment, employment and exports. Turkey has been preparing ERP since 2001 under EU Commission request. Program covers 2023-2025 period with 5.0% annual growth target
Global growth remains stable but underwhelming. US growth forecast upgraded, European economies downgraded. Commodity disruptions affect Middle East, Central Asia and sub-Saharan Africa. Emerging Asia shows growth boost from AI-driven semiconductor demand
Europe leads in sustainability but faces 27% lower per capita income than US. European companies spend half as much on R&D as US counterparts. Europe imports 55% of its energy needs, compared to US's 25%. European capital markets are 50% lower than US counterparts
China's GDP grew 5.3% in Q1 2024, driven by strong external demand. Trade activity and capital flows improved in early 2024. Property sector continues to undergo adjustment with declining prices. Manufacturing and infrastructure investment remained resilient