Ukraine says consumption, defence sector to fuel growth
By Olena Harmash KYIV (Reuters) – Ukraine’s economy grew by 5% in 2023 and will expand by 4.6% this year as a result of higher domestic consumption and expected growth in its…
ECB sees no consumption boom as rich have most of the savings
FRANKFURT (Reuters) – The euro zone is unlikely to see a new boom in consumption as savings accumulated during the COVID-19 pandemic are largely held by the richest households, the European Central…
Taiwan Q3 economic growth seen picking up pace on domestic consumption- Reuters poll
TAIPEI (Reuters) – Taiwan’s trade-dependent economy likely grew faster in the third quarter than the second thanks to resilient domestic consumption and a tentative rebound in exports, a Reuters poll showed on…
IMF raises Mexico growth forecasts on robust consumption, services, auto output
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund on Tuesday significantly raised its 2023 growth forecast for Mexico to 3.2% from a 2.6% forecast issued in July, citing strength in…
Asian companies earnings estimates get boost from consumption hopes
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Analysts are raising earnings estimates for Asian companies for the first time in four months as easing price pressures boost consumption while receding fears…
China’s State Council issues measures to expand consumption
BEIJING (Reuters) – China’s State Council on Monday issued measures to restore and expand consumption in the automobile, real estate and services sector, aiming to give full play to the “fundamental role”…
Analysis-White-collar wage cuts in China fuel deflation risks, hurt consumption
By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – Cola Yao earns 40% less than last year promoting credit cards for a Chinese state-owned bank, so she buys fewer clothes, less…
China’s NDRC vows to roll out consumption support policies without delay
BEIJING (Reuters) – China’s top economic planner pledged on Tuesday that it would roll out policies to “restore and expand” consumption without delay as consumers’ purchasing power remained weak, suggesting an urgency…
China should shift stimulus to consumption, ease residency curbs -PBOC adviser
BEIJING (Reuters) – China should shift the focus of its stimulus from investment to consumption and further loosen urban residency curbs to boost migrant workers’ spending power, a central bank policy adviser…
China to take measures to promote household consumption- state media
BEIJING (Reuters) – China plans to take measures to promote household consumption, state media reported on Thursday, citing discussions at a cabinet meeting chaired by Premier Li Qiang, amid concerns about a…
Investment more than consumption leading India’s economic growth – economists
By Ira Dugal MUMBAI (Reuters) – A surge in investments that offset sluggish consumption to boost India’s growth in 2022-23 is expected to power the economy in the current financial year as…
Japan GDP growth likely accelerated in Q1 on robust services consumption- Reuters poll
By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely grew in January-March at the fastest pace in three quarters, as spending in the services sector offset soft business activity, a Reuters poll…
China says drafting plans to boost recovery, expansion of consumption
BEIJING (Reuters) – China is formulating plans to boost the recovery and expansion of consumption, the state planner’s spokesperson Meng Wei said on Wednesday, signaling officials are worried about weak demand despite…
South Korea vows support for domestic consumption, cautious on inflation
By Choonsik Yoo SEOUL (Reuters) – South Korea unveiled on Wednesday a package of measures aimed at boosting domestic consumption, but stopped short of offering big-ticket plans for fear of stoking inflation,…
Second lab-grown chicken product cleared for human consumption by U.S. regulator
By Leah Douglas WASHINGTON (Reuters) – California-based cultivated meat company GOOD Meat has received clearance from the U.S. Food and Drug Administration to bring its lab-grown chicken to market, according to agency…
Rising bottled water consumption signals safe drinking water goal is under threat, says U.N. think tank
By Gloria Dickie (Reuters) – Surging global bottled water consumption reflects the failure by governments to improve public water supplies which is putting the U.N. sustainable development goal of safe drinking water…
Slash Your Meat Consumption To Help Gov’t Hit Climate Goals, Advisory Group Suggests
Slash Your Meat Consumption To Help Gov’t Hit Climate Goals, Advisory Group Suggests John Hugh DeMastri on February 28, 2023 Danish citizens should reduce their meat consumption by two-thirds and replace it…
Plastic consumption on course to nearly double by 2050 – research
SINGAPORE (Reuters) – Plastic use in G20 countries is on course to nearly double by the middle of the century unless a comprehensive and legally binding global treaty to curb consumption is…
Unilever expects Chinese ‘consumption boom’ in wake of lockdowns
By Richa Naidu LONDON (Reuters) – Unilever said on Thursday it expects a “consumption boom” in China as lockdowns ease, flagging $1.5-$2 trillion in “excess household savings” it believes could boost its…
Global coal consumption to reach all-time high this year – IEA
By Nina Chestney LONDON (Reuters) – Global coal consumption is set to rise to an all-time high in 2022 and remain at similar levels in the next few years if stronger efforts…
China will take steps to spur consumption – state media
BEIJING (Reuters) – China will take steps to spur domestic consumption, including auto and home purchases, state media said on Wednesday, citing state plans. China will also increase consumption in the areas…
Portugal’s Q3 growth accelerates with consumption but future not shining
By Sergio Goncalves LISBON (Reuters) – Portugal’s economy expanded 0.4% in the third quarter from 0.1% in the previous quarter, boosted by higher private consumption despite inflation at three-decade highs, but exports…
Lab-grown meat cleared for human consumption by U.S. regulator
By Leah Douglas WASHINGTON (Reuters) – The U.S. Food and Drug Administration (FDA) for the first time cleared a meat product grown from animal cells for human consumption, the agency announced on…
Portugal’s quarterly growth accelerates, consumption defies inflation
LISBON (Reuters) -Portugal’s economic growth accelerated to 0.4% in the third quarter from the previous quarter’s 0.1% thanks to an unexpected rise in private consumption despite high inflation, although annual expansion slowed…
China to impose consumption tax on e-cigarettes from November
SHANGHAI (Reuters) – China’s Ministry of Finance will impose a consumption tax on e-cigarettes sold in China from Nov. 1, according to a notice published on Tuesday. The taxation policy will further…
Thai economy to improve further in H2 on consumption, tourism – central bank
BANGKOK – Thailand’s economy improved in June and the momentum should continue into the second half thanks to increased tourism and domestic consumption as pandemic curbs ease, a central bank official said…
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