economy

KYIV (Reuters) – Ukraine’s economy could contract 35-40% by the end of the year, Economy Minister Yulia Svyrydenko said on Friday. Hit by Russia’s Feb. 24 invasion, the economy contracted …

By David Alire Garcia BUENOS AIRES (Reuters) – The “superminister” tasked with rescuing Argentina’s crisis-racked economy needs cash now, and so just days into the job he has launched a …

BANGKOK – Despite a weaker-than-expected second quarter, Thailand’s economy is expected to continue growing in the second half of the year as tourism picks up, the central bank said on …

MOSCOW – Russia’s economy shrank 4.0% year-on-year in the second quarter of 2022, the first full quarter of what Russia calls a “special military operation” in Ukraine, preliminary data from …

SHEFFIELD: Democrats Prove Yet Again Why They’re The Masters Of Torpedoing America’s Economy Carrie Sheffield on August 11, 2022 We received another sign today that the astronomical inflation not seen …

By Anant Chandak BENGALURU – Thailand’s economy likely grew at its fastest pace in a year last quarter, thanks to increased tourism as pandemic curbs eased, but the high cost …

By Lucila Sigal BUENOS AIRES – Argentines mired in their country’s latest economic meltdown are experiencing a growing sense of hopelessness, according to a landmark mental health study that points …

By Nichola Saminather TORONTO – Canadian home buyers are shifting to fixed-rate mortgages at the fastest pace in a year, on bets that more rate hikes from the central bank …

(Reuters) – India could emerge as Asia’s strongest economy in 2022-2023 as it is best-positioned to generate robust domestic demand, helped by economic policy reforms, a young workforce and business …

By Anant Chandak BENGALURU – Malaysia’s economy grew at its fastest pace in a year last quarter, thanks to a strong rebound in private consumption and buoyant exports, but a …

(Reuters) – U.S. power consumption will rise to a record high in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) …

POLL: Americans Haven’t Been This Pessimistic About The Economy Since The Housing Crisis Harold Hutchison on August 8, 2022 Pessimism about the economy has reached its highest point since 2008, …

By Kantaro Komiya TOKYO – Japan’s economy likely rebounded in April-June from contraction in the previous quarter thanks to solid consumer spending in face-to-face services no longer hindered by coronavirus …

MEXICO CITY – Bank of America has downgraded its 2023 growth forecast for Mexico’s economy to 0% from 1% amid a potential U.S downturn, analysts said in a research note, …

BUENOS AIRES – Argentina’s new economy superminister appointed his top advisers on Monday, vowing to stop high inflation and the deterioration of the South American country’s economy. Sergio Massa appointed …

The Fed’s Preferred Inflation Metric Just Surged In Another Warning Sign For The Economy Max Keating on July 29, 2022 The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures …

BEIJING -China will use effective investment to help the economy recover and will not resort to flood-like stimulus, state media said on Friday, following a cabinet meeting chaired by Premier …

WASHINGTON – U.S. Treasury Secretary Janet Yellen said on Thursday a second quarter contraction of U.S. economic output was a sign of an inevitable slowdown but there was still broad …

By Ann Saphir and Lindsay Dunsmuir (Reuters) – The U.S. economy contracted for a second straight quarter, the Commerce Department reported on Thursday, a day after the Federal Reserve raised …

By Noel Randewich (Reuters) – Shares of several major U.S. companies tumbled in extended trade on Wednesday following poor quarterly results and forecasts that underscored fears about a potential recession. …

(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said he did not believe the U.S. economy is currently in a recession but it is softening and the path for …

MOSCOW – The Russian economy declined by 4.0% year-on-year in the second quarter of 2022 after a 3.5% rise in the previous three months, the economy ministry said on Wednesday. …

By Tom Sims and Sinead Cruise FRANKFURT/LONDON – European banks this week offered flashes of surprisingly good news on profits, but some executives spoke of a bleak outlook for the …

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 …