Massive Layoffs At Major New Jersey Corporations a Bad Look for Governor Murphy, Economy Touting Dems
TRENTON, N.J. — Thousands of jobs across New Jersey are set to be eliminated, according to Worker Adjustment and Retraining Notification (WARN) notices filed by major employers in the state. The layoffs,…
Energy price fall by March is unrealistic, Italian economy minister says
ROME (Reuters) – Italian Economy Minister Giancarlo Giorgetti said on Saturday it was unrealistic to expect energy prices to fall by March and that the war in Ukraine will come to an…
ECB rate hikes help Russia by damaging EU economy, Italy minister says
By Angelo Amante and Crispian Balmer ROME (Reuters) – The European Central Bank’s interest rate policy is damaging Europe’s economy and helping Russia undermine Western solidarity for Ukraine, the Italian defence minister…
Italian economy to grow 0.4% in 2023, average inflation at 7.3% – central bank
MILAN (Reuters) – The Italian economy is expected to grow by 0.4% next year, a sharp slowdown compared with the 3.8% seen for 2022, the central bank said on Friday. Yet the…
China says it will step up support for economy in 2023 amid COVID pains
By Kevin Yao BEIJING (Reuters) -China will focus on stabilising its $17-trillion economy in 2023 and step up policy adjustments to ensure key targets are hit, said a statement following an agenda-setting…
China’s economy picking up but “arduous efforts” needed to sustain momentum – state planner
BEIJING (Reuters) – China’s economy is expected to pick up, but “arduous efforts” are needed to sustain the recovery in growth due to an adverse external environment and the global economy’s loss…
Thai economy continues to recover but faces more challenges – central bank
BANGKOK (Reuters) – Thailand’s economy continues to recover, but faces more challenges with policy priorities to ensure a continued rebound, the central bank chief said on Friday. Further interest rate hikes would…
French economy forecast to contract before recovering next year
PARIS (Reuters) – The French economy is set to contract slightly this quarter due to refinery strikes and nuclear reactor outages before activity recovers in the first half of next year, the…
German economy to grow slightly in 2023 – IfW forecast
BERLIN (Reuters) – Germany’s IfW became the latest economic institute to revise up its growth forecast for 2023 on Thursday as Europe’s largest economy hopes to avoid the worst of the energy…
Businesses Still Struggling Under Biden’s Economy As Pandemic Loans Come Due
Businesses Still Struggling Under Biden’s Economy As Pandemic Loans Come Due Bronson Winslow on December 14, 2022 Millions of businesses are worried about their finances after pandemic loan repayments began in October,…
Thai economy in recovery, bolstered by tourists, minister says
BANGKOK (Reuters) – Thailand’s economy is still on the recovery path and should grow 3.4% this year and 3.8% next year, supported by a rebound in its vital tourism sector, the finance…
Moldova’s new economy minister pledges pro-business overhaul
By Dan Peleschuk KYIV (Reuters) – Moldova’s new economy minister says he is mapping out long-term reforms and will slash bureaucracy to lay the foundations of a business-friendly economy and accelerate accession…
Too good to be bad, too risky to be good, Fed managing ‘unloved’ economy
By Howard Schneider WASHINGTON (Reuters) – After playing catch-up with inflation through the past year in a policy shift made urgent by relentlessly rising prices, the U.S. Federal Reserve now faces a…
Israel economy to grow lower than expected 3% in 2023 -finance ministry
By Steven Scheer JERUSALEM (Reuters) – Israel’s economic growth is set to slow sharply to 3% in 2023 after rapid expansion in the prior two years, the Finance Ministry said on Monday…
UK economy set to get worse before recovery – Hunt
LONDON (Reuters) – British finance minister Jeremy Hunt said the country’s economy was “likely to get worse before it gets better” after figures on Monday showed a bounce-back in growth in October…
German economy ministry calls for joint EU response to U.S. inflation act
BERLIN (Reuters) – Germany wants a joint European response to the U.S. Inflation Reduction Act that would involve simplifying rules on state support and expanding funding opportunities, according to a German economy…
Soaring current account surplus fails to cover up cracks in Russian economy
By Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – Russia’s current account surplus more than doubled year-on-year to $225.7 billion in January-November from $108.6 billion, the central bank said on Friday, giving…
China’s economy will pick up pace following new COVID rules: CCTV cites Premier Li
(Change the number of meetings in last paragraph from one to multiple) BEIJING (Reuters) – China’s economic growth will keep picking up pace with the implementation of the newly-announced anti-COVID adjustment measures,…
Russian economy has overcome short-term slump caused by mobilisation – central bank
MOSCOW (Reuters) – Russia’s economy has overcome the short-term slump caused by President Vladimir Putin’s partial mobilisation order, but the disinflationary impact it had in reducing consumer demand has practically disappeared, the…
China’s economy will keep growing at reasonable speed: finance minister
BEIJING (Reuters) – China’s economy will keep growing at a reasonable speed with stable employment and prices, finance minister Liu Kun said in a speech at the ASEAN plus Three Economic Cooperation…
India economy likely to grow 6.5%-7% next fiscal year -govt adviser
By Shivangi Acharya NEW DELHI (Reuters) – The Indian economy is likely to grow 6.5% to 7% next fiscal year if the global environment does not worsen, a member of the prime…
Russian economy shrinks 1.7% in Jan-Sept, but capital investment up
MOSCOW (Reuters) -The Russian economy shrank 1.7% year on year from January to September, but capital investment, one of the main economic growth drivers, rose 5.9% in the same period, data from…
Economy minister brushes off fears for German industry
BERLIN (Reuters) – German Economy Minister Robert Habeck stood behind his country’s status as an industrial nation on Tuesday, adding that his government would ensure the protection of this status. “Anyone who…
Thai economy may miss forecast next year as global growth slows -Finance Minister
BANGKOK (Reuters) – Thailand’s economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but this year’s outlook should still be achieved, the finance minister…
Here’s Why Buying A Home May Not Get Any Cheaper Even If The Economy Tanks
Here’s Why Buying A Home May Not Get Any Cheaper Even If The Economy Tanks John Hugh DeMastri on November 25, 2022 Despite expecting a recession and reduced inflation that would ordinarily…
Turkey’s economy grew 4% in Q3; 2022 growth seen at 5%: Reuters Poll
ISTANBUL (Reuters) – Turkey’s economy is expected to have expanded 4% in the third quarter and will grow 5% overall in 2022, a Reuters poll showed on Monday, after the central bank…
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