Ukrainian economy could contract 35-40% by year-end – minister
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. …
economy
Analysis-As economy wilts, Argentina’s Massa seeks to sow hope with farm chiefs
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 …
Thai economy to continue growing despite weaker-than-expected Q2 – central bank
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, …
Russian economy shrinks 4% y/y in Q2 as sanctions weigh
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” …
SHEFFIELD: Democrats Prove Yet Again Why They’re The Masters Of Torpedoing America’s Economy
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 …
Thailand’s tourism-reliant economy likely gathered pace in Q2 – Reuters poll
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 …
Sick again, Argentine’s economy eats away at nation’s mental health -study
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 …
Canadian home buyers return to fixed-rate loans as economy wobbles
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 …
India could emerge as Asia’s strongest economy in 2022-23, says Morgan Stanley
(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, …
Malaysia’s economy likely grew at the fastest pace in a year in April-June – Reuters poll
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 …
U.S. power use to reach record high in 2022 as economy grows, EIA says
(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 …
POLL: Americans Haven’t Been This Pessimistic About The Economy Since The Housing Crisis
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 …
Argentina’s economy chief names new energy secretary
BUENOS AIRES – Argentina’s economy chief Sergio Massa appointed on Sunday a new head of the energy secretariat, which in recent years has doled out …
Japan’s economy likely rebounded in Q2 with unleashing of consumers: Reuters poll
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 …
BofA lowers 2023 forecast for Mexico economy, cites potential recession
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 …
Argentina’s economy superminister appoints top advisers
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 …
The Fed’s Preferred Inflation Metric Just Surged In Another Warning Sign For The Economy
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 …
China to use effective investment, not flood-like stimulus, to boost economy: state media
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 …
Yellen says U.S. economy slowing, but still shows job, spending strength
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 …
The U.S. economy is shrinking. The Fed’s rate hikes may have only just begun to bite
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 …
Meta and others tumble after hours as results point to weak economy
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 …
Fed’s Powell does not believe U.S. economy is in recession right now
(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 …
Russian economy declines 4% y/y in Q2 after 3.5% y/y increase in Q1 -econ ministry
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 …
Europe’s banks flash some good news but downbeat on economy
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 …
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 …
N.Korea’s economy shrinks for two straight years but pace of slowdown eases -S.Korea central bank
By Soo-hyang Choi SEOUL – North Korea’s economy shrank in 2021 for a second straight year after suffering its biggest contraction in more than two …
Argentina’s economy chief touts spending adjustment to investors
By Walter Bianchi BUENOS AIRES – Argentina’s new economy minister told a gathering of investors in the United States on Tuesday she had begun an …
Factbox-Signs of a Tunisian economy in trouble
TUNIS – Public finances are under strain and prices are soaring in Tunisia, presenting big economic challenges to President Kais Saied as he plans to …
Argentina’s new economy chief to meet IMF head on Monday
BUENOS AIRES – Argentina’s newly appointed economy minister Silvina Batakis will meet on Monday with the head of the International Monetary Fund in Washington, the …
Russia: New EU sanctions will hurt global economy, hopes for food export progress
(Reuters) – Russia’s foreign ministry on Thursday said the latest round of European Union sanctions were illegitimate and would have “devastating consequences” for security and …
Cuban economy minister sees gradual recovery despite long lines and blackouts
By Marc Frank HAVANA – Cuba’s economy has begun to recover from the effects of the pandemic and should grow 4% this year, its economy …
Japan Q3, FY22 growth seen weaker as global economy stutters – Reuters poll
By Kantaro Komiya TOKYO – Japan’s economy is likely to grow at a slower pace than previously thought throughout the rest of the fiscal year, …
India on course to become world’s fastest-growing economy, says RBI
By Swati Bhat MUMBAI – India’s economy has remained resilient in the face of global headwinds and with inflation coming off its recent peak is …
China’s Economy Craters As Severe Lockdowns Continue
China’s Economy Craters As Severe Lockdowns Continue Max Keating on July 15, 2022 China’s economy grew by just 0.4% year-over-year for the second quarter of …
Philippines Finance Minister says economy robust enough to absorb aggressive rate hike
MANILA – The Philippine economy continues to be robust to absorb the 75 basis points increase in the central bank’s benchmark interest rates, given an …
China’s fiscal revenue growth quickens as economy recovers
BEIJING -China’s fiscal revenue growth accelerated in January-June from the first five months, the finance ministry said on Thursday, as the economy showed signs of …
Russian cenbank sees signs of stabilisation in economy
MOSCOW – The Russian economy is now showing signs of stabilisation, the central bank’s head of monetary policy said on Tuesday, after taking a hit …
Yellen sees U.S. economy as very strong despite inflation – senior official
TOKYO – U.S. Treasury Secretary Janet Yellen will emphasize the strength of the U.S. economy despite high inflation and a 1.6% annualized drop in first …
Sri Lankan Prime Minister To Resign After Protests Over Collapsed Economy
Sri Lankan Prime Minister To Resign After Protests Over Collapsed Economy Micaela Burrow on July 9, 2022 Sri Lanka’s prime minister has agreed to step …
The DeSantis Boom: Florida Economy Soars As State Records Highest Budget Surplus Ever
The DeSantis Boom: Florida Economy Soars As State Records Highest Budget Surplus Ever Max Keating on July 8, 2022 Florida ran a budget surplus of …
US Economy Smashes Jobs Projections Despite Signs Of Recession
US Economy Smashes Jobs Projections Despite Signs Of Recession Max Keating on July 8, 2022 The U.S. economy added 372,000 jobs in June while the …
Analysis:’Nobody’s perfect’: German economy, engine of Europe, splutters
By John O’Donnell and Tom Sims FRANKFURT – Long one of the globe’s economic stars, Germany is on a brink of a reversal of fortune …
Japan’s Shinzo Abe sought to revive economy, fulfil conservative agenda
TOKYO – Shinzo Abe, Japan’s longest-serving prime minister, launched his “Abenomics” policies to lift the economy out of deflation, beefed up Japan’s military and sought …
What next for UK economy as Boris Johnson quits?
By William Schomberg LONDON – The resignation of Prime Minister Boris Johnson deepens the uncertainty hanging over Britain’s economy, already under strain from an inflation …
‘Complete Collapse’: Here’s How ESG Destroyed One Nation’s Economy
‘Complete Collapse’: Here’s How ESG Destroyed One Nation’s Economy Micaela Burrow on July 6, 2022 Sri Lanka has run out of fuel and is facing …
Spain expects its economy to continue growing in 2023 – minister
MADRID – Spain’s government expects the Spanish economy to continue growing next year despite the impact of rising inflation and the war in Ukraine, Finance …
Biden Poised To Lift Trump-Era Tariffs On China As US Economy Teeters On Recession: REPORT
Biden Poised To Lift Trump-Era Tariffs On China As US Economy Teeters On Recession: REPORT Max Keating on July 5, 2022 The Biden administration is …
As Their Military Retreats, Ukraine Demands Aid Package Bigger Than Their Entire Pre-War Economy
As Their Military Retreats, Ukraine Demands Aid Package Bigger Than Their Entire Pre-War Economy Micaela Burrow on July 5, 2022 Ukrainian President Volodymyr Zelenskyy proposed …
Germany Went All In On Green Energy. Now Its Economy Is On The Brink Of Collapse
Germany Went All In On Green Energy. Now Its Economy Is On The Brink Of Collapse Reagan Reese on July 5, 2022 After pouring billions …
Taiwan says ‘not pessimistic’ about economy as stocks swoon
TAIPEI – Taiwan’s Economy Ministry said on Tuesday it was cautious but “not pessimistic” about the island’s economic prospects in the second half of the …