White House’s Deese says strong dollar reflects strength of U.S. economy
WASHINGTON (Reuters) – Now more than ever, the strength of the U.S. dollar reflects the relative strength of the U.S. economy, White House economic adviser …
economy
Fed’s Daly: do not want to tip economy into downturn
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the U.S. central bank is “resolute” about bringing down high inflation but …
SHEFFIELD: Despite Rising Consumer Confidence, Biden’s Economy Still Can’t Hold A Candle To Trump’s
SHEFFIELD: Despite Rising Consumer Confidence, Biden’s Economy Still Can’t Hold A Candle To Trump’s Carrie Sheffield on September 27, 2022 Consumer confidence is still …
German economy facing recession, Ifo surveys head says
BERLIN (Reuters) – The German economy is facing recession and almost all sectors are in the red, the Ifo surveys head Klaus Wohlrabe told Reuters …
Thai economy improving but household debt a problem – Finance Minister
BANGKOK (Reuters) – Thailand’s economy is improving but the country is facing issues with people’s debt and the government will seek to ease problems in …
Germany must utilize fiscal policy to support economy – Habeck
BERLIN (Reuters) – Germany must fully utilize its fiscal policy to preserve the economy and keep business and industry investments, Economy Minister Robert Habeck said …
Bleaker economy could sour airline industry’s bet on cargo planes
By Jamie Freed SINGAPORE (Reuters) – The airline industry’s record-breaking scramble to convert older passenger jets to freighters during the travel-starved years of the coronavirus …
Printing the future: New factory tech reshapes the U.S. industrial economy
By Timothy Aeppel DEVENS, Mass. (Reuters) – The giant machines churning out metal parts on this factory floor do not bang or clang – or …
S.Korea 20-day exports fall on holiday effects, slow global economy
SEOUL (Reuters) – South Korea’s exports fell 8.7% in the first 20 days of September from the same period a year earlier due to holiday …
Brazil’s economy minister Guedes says salaries can be increased
BRASILIA (Reuters) – Brazilian Economy Minister Paulo Guedes said on Tuesday that efficiency gains by the government will allow for salaries to be increased after …
WILLIAMS And SCHALK: Biden Pops Champagne Corks While The Economy Pummels Americans
WILLIAMS And SCHALK: Biden Pops Champagne Corks While The Economy Pummels Americans Jonathan Williams And Lee Schalk on September 18, 2022 Americans are not buying …
No catastrophe, but sanctions on Moscow are working, says Russian economy veteran
By Darya Korsunskaya MOSCOW (Reuters) – Russia’s economy was on track to expand by 5%-6% in 2022 had Western sanctions not derailed growth for years …
Frugal is the new cool for young Chinese as economy falters
By Albee Zhang and Tony Munroe BEIJING (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, …
Nearly two-thirds of Argentines see economy getting even worse: poll
BUENOS AIRES (Reuters) – Nearly 64% of Argentines fear the country’s ailing economy will get even worse in the coming months, according to a survey …
Russian economy will not return to pre-war levels until 2030 – Scope
BERLIN (Reuters) – Russia’s economy is not likely to return to pre-war levels before the end of this decade as the Ukraine war and stricter …
S&P 500 futures drop after FedEx stokes fears about economy
By Noel Randewich (Reuters) – S&P 500 futures fell on Thursday, suggesting traders expect Wall Street to open down in its next session, after FedEx …
The Impending Railroad Strike Could Grind The Entire Economy To A Halt, Experts Warn
The Impending Railroad Strike Could Grind The Entire Economy To A Halt, Experts Warn John Hugh DeMastri on September 14, 2022 An impending railway strike …
Global economy may avoid recession as inflation risks ease – J.P. Morgan
(Reuters) – The global economy could avert a recession as data points to a potential soft landing, J.P. Morgan analysts said, while adding that the …
German economy could contract in H2 – economy ministry report
BERLIN (Reuters) – Germany’s outlook has “dramatically worsened” and the economy could stagnate or contract in the second half of the year, an economy ministry …
Chile launches plan to boost investment to address weakened economy
By Natalia A. Ramos Miranda (Reuters) – Chile’s government launched a plan on Monday to promote investment into 2023 that includes an array of tax …
China to roll out more measures to stabilise economy – state media
BEIJING (Reuters) – China will continue to roll out phased policies to stabilise its economy with a focus on reviving consumption and boosting investment, and …
Analysis-This might hurt: tectonic plates of global economy shift
By Mark John LONDON (Reuters) – When the Shannon family announced the closure of their garden centre just off London’s busy South Circular road after …
Fed’s Waller: need aggressive rate hikes now while economy can take it
(Reuters) – If the Federal Reserve is able to keep the unemployment rate below 5%, it can be aggressive on bringing down inflation but after …
Russian economy shrinks 4.1% y/y in Q2 as sanctions weigh – revised data
(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW (Reuters) – Russia’s economy shrank 4.1% year-on-year …
Yellen Says US Economy Is Stronger Than Before The Pandemic
Yellen Says US Economy Is Stronger Than Before The Pandemic John Hugh DeMastri on September 8, 2022 Treasury Secretary Janet Yellen, speaking at a Ford …
Exclusive-Peru economy can grow target-busting 4.3% next year, finance minister says
By Marcelo Rochabrun and Marco Aquino LIMA (Reuters) – Peru can achieve economic growth of 4.3% in 2023, beating official forecasts that are already optimistic, …
Exclusive-German economy ministry reviews measures to curb China business
By Andreas Rinke and Sarah Marsh BERLIN (Reuters) – Germany’s economy ministry is considering a raft of measures to make business with China less attractive …
Fed Unveils Bleak Forecast In Another Troubling Sign For The Economy
Fed Unveils Bleak Forecast In Another Troubling Sign For The Economy John Hugh DeMastri on September 7, 2022 The Federal Reserve released its Beige Book …
Thai economy in recovery, fiscal position strong – Dep PM
BANGKOK (Reuters) – Thailand’s economy is gradually recovering from the impact of the pandemic and its fiscal and financial position remains strong, Deputy Prime Minister …
There’s A Ticking Time Bomb At The Center Of America’s Economy
There’s A Ticking Time Bomb At The Center Of America’s Economy John Hugh DeMastri on September 6, 2022 As defaults in the junk-loan market reach …
UK construction shrinks again as economy feels inflation heat-PMI
By William Schomberg LONDON (Reuters) – British construction companies suffered a second straight month of contraction in the face of deep uncertainty about the outlook …
Explainer-Liz Truss inherits UK economy heading for recession as new PM
LONDON (Reuters) – Britain’s next prime minister Liz Truss will face an economy that is forecast to go into a long recession later this year, …
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 …
Pakistan Finance Minister expects economy to grow more than 3.5% this FY – Bloomberg News
(Reuters) – Pakistan Finance Minister Miftah Ismail expects the economy to grow more than 3.5% for the fiscal year that started in July, Bloomberg News …
Mexico’s economy seen reaching pre-pandemic levels in 2023, lagging peers -Fitch
MEXICO CITY (Reuters) – Mexico’s economy is forecast to finally claw its way back to pre-pandemic levels sometime next year, ratings agency Fitch Ratings said …
SHEFFIELD: While Biden Blames Others For His Failures, America’s Economy Continues To Nosedive
SHEFFIELD: While Biden Blames Others For His Failures, America’s Economy Continues To Nosedive Carrie Sheffield on September 2, 2022 It’s official, America’s job market is …
Brazil’s govt to improve 2022 GDP forecast, says monetary policy won’t devastate economy
BRASILIA (Reuters) – Brazil’s Economy Ministry will improve its forecast for 2022 gross domestic product from the 2% growth seen in July, which is already …
Euro zone economy faces growing risk of recession, survey shows
By Jonathan Cable LONDON (Reuters) – Manufacturing activity across the euro zone declined again last month as consumers feeling the pinch from a deepening cost …
Russia’s economy in July shrinks 4.3% year on year
(Reuters) – Russia’s economy shrank by 4.3% in July year on year after contracting by 4.9% in June, the economy ministry said on Wednesday. In …
Violence In Iraq Could Throttle The US Economy. Here’s Why
Violence In Iraq Could Throttle The US Economy. Here’s Why Micaela Burrow on August 30, 2022 Iraq’s political situation is growing increasingly unstable after violent …
China pledges to lift economy with stable employment, prices in H2
BEIJING (Reuters) -China will step up measures to boost demand and stabilise employment and prices in the second half of the year to optimise economic …
India’s status as world’s fastest growing major economy to be short-lived- Reuters poll
By Arsh Tushar Mogre BENGALURU (Reuters) – India likely recorded strong double-digit economic growth in the last quarter but economists polled by Reuters expected the …
It’s Official: Revised GDP Numbers Show The Economy Is Definitely Shrinking
It’s Official: Revised GDP Numbers Show The Economy Is Definitely Shrinking John Hugh DeMastri on August 25, 2022 The Department Of Commerce revised the estimate …
Ukraine economy could grow by 15.5% in 2023 after deep fall – minister
By Andrea Shalal KYIV (Reuters) – Ukraine’s economy should stabilise over the coming year and expand by as much as 15.5% in 2023, depending on …
Japan sees economy picking up modestly, flags looming risks -govt
TOKYO (Reuters) – Japan’s government described its economy as “moderately picking up” in its monthly economic report, keeping the overall assessment unchanged from the previous …
War hit to German economy will last years -economist
BERLIN (Reuters) – The economic impact on Germany of Russia’s invasion of Ukraine will last years, influential economist Marcel Fratzscher of the German Institute for …
Businesses Make More Cuts In August, Signaling An Increasingly Weakening Economy
Businesses Make More Cuts In August, Signaling An Increasingly Weakening Economy John Hugh DeMastri on August 23, 2022 Preliminary data from S&P’s Purchasing Managers’ Index, …
Venezuela’s economy grew 17% in Q1, says central bank president
CARACAS (Reuters) – Venezuela’s economy grew 17.04% year-on-year in the first quarter of 2022, the country’s central bank president said on Tuesday. “This is the …
Economists: Inflation Can’t Be Reined In Without Tanking The Economy
Economists: Inflation Can’t Be Reined In Without Tanking The Economy John Hugh DeMastri on August 22, 2022 Nearly three quarters of business economists believe that …
Argentina names second in command of key economy ministry
BUENOS AIRES (Reuters) – Argentina’s government on Sunday appointed a well-known economist and vocal critic of the policies of former President and current Vice President …