Fed meeting likely to see start of debate over ending balance sheet contraction
By Michael S. Derby (Reuters) – Decision time is close at hand for the Federal Reserve to plan the mechanics of how it ends the …
contraction
Japan Nov industrial output seen swinging back to contraction: Reuters poll
TOKYO (Reuters) – Japan’s industrial output in November likely swung back to contraction for the first time in three months, a Reuters poll of analysts …
Nigeria Q3 growth steady at about 2.5% as oil sector contraction slows
By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s economy grew by 2.54% in the third quarter, largely steady from the 2.51% in the second quarter, data showed …
Israel GDP grows 2.8% in Q3 ahead of expected contraction in Q4 due to war
By Steven Scheer JERUSALEM (Reuters) – Israel’s economy grew solidly in the third quarter, although less than estimated, data from the Central Bureau of Statistics …
Peru economy chief: improvement possible despite months of contraction
By Marco Aquino LIMA (Reuters) – Peru’s economy contracted for a fifth consecutive month in September, landing well below forecasts, but the country’s economy minister …
German economy to resume growth after 2023 contraction -EU Commission
BERLIN (Reuters) – The German economy is expected to shrink by 0.3% this year, as a loss in purchasing power due to high inflation and …
Exclusive-German economic institutes forecast 0.6% GDP contraction this year – sources
By Christian Kraemer and Rene Wagner BERLIN (Reuters) – Five economic institutes are predicting gross domestic product in Germany to contract by 0.6% in 2023, …
Peru government sees economy recovering from mild contraction
By Sarah Morland and Isabel Woodford (Reuters) – Peru’s economy is showing signs it could start growing again after shrinking in the first half of …
IMF sees drought causing Argentina contraction of 2.5% in 2023
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Tuesday it is now projecting Argentina’s economy will contract 2.5% in 2023, with …
Japan factory activity slips back into contraction in June on soft orders
TOKYO (Reuters) – Japan’s factory activity contracted in June after expanding for the first time in 7 months in May, a private survey showed on …
Canadian factory activity slips back into contraction in May
By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity slowed in May as high inflation and inventory cutting held back customer demand, but in a …
NY Fed report sees several more years of balance sheet contraction
By Michael S. Derby (Reuters) – The Federal Reserve is on a path to shrink the size of its massive stock of cash and bonds …
BofA sees ‘meaningful risks’ of Q2 U.S. economic contraction
(Reuters) – The U.S. economy is at risk of shrinking in the second quarter, BofA Global Research wrote in a client note, following recent economic …
Russia set for smaller GDP contraction in 2023, but no room for rate cut: Reuters poll
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Russia’s economy is set for a shallower contraction this year than previously thought, a Reuters poll …
German economy heading for contraction in Q1, Bundesbank says
FRANKFURT (Reuters) – Germany’s economy will shrink again in the first quarter of the year and underlying inflation could prove to be stubborn even if …
JPMorgan expects smaller contraction in UK economy in 2023
(Reuters) – J.P.Morgan said the UK economy was expected to contract by 0.1% this year, revising it from the previously forecast 0.3% decline in the …
French manufacturing contraction not as deep as forecast in Dec – final PMI
PARIS (Reuters) – France’s manufacturing sector contracted less than first thought in December, a survey showed on Monday, even though inflationary pressures continued to weigh …
French economic contraction worsened in December – flash PMI
By Sudip Kar-Gupta PARIS (Reuters) – French business activity contracted at a faster rate in December than the previous month, a survey showed on Friday, …
Russia improves Q3 economic contraction to 3.7% y/y – revised data
MOSCOW (Reuters) – Russia’s economy shrank 3.7% year-on-year in the third quarter of 2022, revised data from the federal statistics service Rosstat showed on Wednesday, …
J.P.Morgan sees ‘milder’ euro zone economic contraction in fourth quarter
(Reuters) – J.P.Morgan on Wednesday forecast a “milder” fourth-quarter contraction in the euro zone after strong resilience of the household sector resulted in a better-than-expected …
Russia’s more gradual economic contraction to extend into 2023: Reuters Poll
By Alexander Marrow MOSCOW (Reuters) – Russia’s economy is set to shrink by 2.5% next year, on top of a 3% contraction in 2022, a …
China’s factory activity contraction likely deepened in Nov on COVID woes: Reuters Poll
BEIJING (Reuters) – China’s factory activity is expected to have contracted further this month, piling pressure on the economy as COVID restrictions hit production and …
Egypt’s non-oil private sector extends contraction in September -PMI
CAIRO (Reuters) – Egypt’s non-oil private sector shrank for the 22nd month in a row in September as the country’s faltering economy weighed on business, …
German economic institutes see 2023 contraction as gas crisis hits
BERLIN (Reuters) – Four leading German economic institutes have almost halved their spring economic growth forecast for Europe’s largest economy this year and slashed their …
Barclays forecasts contraction in fourth quarter for major economies
(Reuters) – Global growth is heading for an “increasingly synchronous downturn”, economists at Barclays said on Thursday, citing a deepening energy crisis in Europe, continued …
UK economy slides into contraction in August, PMI suggests
LONDON (Reuters) – Britain’s economy ended August on a much weaker footing than previously thought as overall business activity contracted for the first time since …
Russian services sector slips back into contraction in August -PMI
MOSCOW (Reuters) – Russia’s service sector inched back into contraction in August, with broadly unchanged levels of output, a business survey showed on Monday, as …
Japan’s factory output likely fell back into contraction in July- Reuters poll
TOKYO (Reuters) – Japanese factories likely cut back output in July after the prior month’s near double-digit surge, a Reuters poll showed on Friday, as …
Egyptian non-oil sector continues contraction, at slower pace – PMI
CAIRO – Egypt’s non-oil private sector activity shrank again in July, but at a slower pace than June’s two-year low, as demand remains weakened by …
Inflation turns 3% growth for German retail into 2% contraction – association
BERLIN – The German Retail Association left unchanged its forecast for the sector to grow 3% in nominal terms in 2022, but rising inflation meant …
Egypt private sector activity extends contraction in May as inflation weighs-PMI
CAIRO – Non-oil private sector activity in Egypt contracted for an 18th month in May as the Ukraine crisis, import restrictions and a devalued currency …
S&P Global forecasts 8.5% contraction in Russia’s economy in 2022
(Reuters) – S&P Global cut its 2022 GDP growth estimate for Russia by more than 11 percentage points to an 8.5% contraction, while its forecasts …