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,…
Mexico economy grows 0.9 pct in 3rd qtr vs 2nd qtr
MEXICO CITY, Nov 25 (Reuters) – Mexico’s economy grew 0.9 percent in the third quarter from the previous three-month period, the national statistics agency said on Friday. In annual terms, the economy…
Mexican economy grows 0.7 pct in September from August
MEXICO CITY, Nov 25 (Reuters) – Mexico’s economy grew 0.7 percent in September from August and expanded 5.2 percent from September of 2021, the national statistics agency said on Friday. ((Mexico City…
Swedish central bank’s Floden says economy heading for soft landing
STOCKHOLM (Reuters) – Sweden’s economy will slow sharply next year, but the central banks still expects the landing to be relatively soft, Deputy Governor Martin Floden said on Friday. “The development in…
Germany must step up competition to become green economy leader – EconMin
BERLIN (Reuters) – The world’s largest economic powers are going to compete over who will be able to create a lead market for a climate-neutral and green industry, said German Economy Minster…
Lebanon’s economy still contracting but at slower pace, World Bank says
BEIRUT (Reuters) – Lebanon’s economy, hit by one of the world’s most severe crises, continues to contract although the pace of that contraction has somewhat slowed, the World Bank said in a…
Japan says economy picking up moderately, while govt staying vigilant to risks
TOKYO (Reuters) – Japan’s government left the overall assessment of the nation’s economy unchanged in its monthly report for November, noting a moderate recovery but remaining cautious over risks from a global…
French economy contracted in November – flash PMI
PARIS (Reuters) – France’s private sector economy contracted in November for the first time since February 2021, according to a monthly survey, as lower new orders weighed on the euro zone’s second-biggest…
Bundesbank warns banks against ‘careless’ payout pledges as economy cools
By Francesco Canepa and Frank Siebelt FRANKFURT (Reuters) – German banks should avoid making multi-year promises to their shareholders despite bumper profits this year as the outlook for the economy is worsening,…
Investors Flee The Housing Market In Troubling Sign For The Economy
Investors Flee The Housing Market In Troubling Sign For The Economy John Hugh DeMastri on November 22, 2022 Investors bought 30% fewer homes in the third quarter of 2022 compared to the…
ECB’s Rehn says inflation, economy will decide pace of rate hikes
HELSINKI (Reuters) – The European Central Bank will continue to raise interest rates, and the pace of its hikes will be determined by the rate of inflation and the overall economic situation,…
Azerbaijan economy to hit record $76.5 billion this year – president
BAKU (Reuters) – Azerbaijan’s GDP will reach a record 130 billion manat ($76.5 billion) by the end of 2022, President Ilham Aliyev said on Monday. Fuelled by high energy prices, Azerbaijan’s oil…
Greek economy to grow by 1.8% in 2023, rebound hurt by energy crisis
ATHENS (Reuters) -Greece’s economy should grow by 1.8% next year, at a slower pace than initially expected, as soaring energy costs and higher inflation are seen hurting tourism and curbing domestic demand,…
StanChart sees Asia, Middle East as bright spots in weak global economy
By Anshuman Daga SINGAPORE (Reuters) – Standard Chartered expects Asia and the Middle East to outperform other regions even as spiralling inflation and a spike in borrowing costs risk tipping major global…
Blackouts hit Ukraine’s small businesses, and wider economy, hard
By Dan Peleschuk KYIV (Reuters) – Oleksii Revutskyi rolls his eyes when talking about the challenges Ukrainian businesses have faced lately. “Two years of quarantine, a year of war – bring on…
Mexican economy likely grew 5% in October y/y, estimate shows
(Reuters) – Mexico’s economy likely grew by 5.0% in October compared with the same month a year earlier, a preliminary estimate from national statistics agency INEGI showed on Friday. (Reporting by Ricardo…
Hungary aiming to prevent economy sliding into recession, Orban says
BUDAPEST (Reuters) -Hungary is aiming to prevent its economy sliding into recession, Prime Minister Viktor Orban said on Friday after data this week showed the economy contracting in quarterly terms for the…
Norway’s economy grew more than expected in Q3
OSLO (Reuters) – The Norwegian economy grew at a faster pace than economists had expeced in the third quarter, Statistics Norway (SSB) data showed on Friday. The July-September quarter saw a rise…
Britain to help insurers invest in economy, trims bank tax rate
By Huw Jones, Iain Withers and Carolyn Cohn LONDON (Reuters) -Britain set out more plans on Thursday to help make it the world’s most competitive financial centre by easing capital rules for…
UK economy forecast to shrink 1.4% in 2023
LONDON (Reuters) – Britain’s economy is forecast to shrink by 1.4% in 2023, finance minister Jeremy Hunt said on Thursday, citing the latest projections from the Office for Budget Responsibility (OBR). The…
IMF sees Nicaragua’s economy expanding by 3% next year
(Reuters) – Nicaragua’s economy is forecast to grow 3% in 2023, down from expected growth of 4% this year, the International Monetary Fund said in a statement released on Wednesday, adding its…
Russian economy shrinks 4% in third quarter – statistics agency
MOSCOW (Reuters) – Russia’s economy shrank 4% year-on-year in the third quarter of 2022, data from the Rosstat federal statistics service showed on Wednesday, as the consequences of the country’s military actions…
Moldova’s PM nominates new economy minister as problems mount
CHISINAU (Reuters) – Moldova’s prime minister proposed senior parliamentarian Dumitru Alaiba as economy minister on Wednesday as the country tries to deal with the impact of the war in Ukraine and rising…
Australia economy set to slow amid downside risks -IMF
SYDNEY (Reuters) – Australia should continue to tighten monetary and fiscal policy to contain inflation even as its economy is set to slow sharply next year amid a host of downside risks,…
Colombia economy grew 7% in Q3, beating expectations
By Carlos Vargas and Luis Jaime Acosta BOGOTA (Reuters) -Colombia’s economy grew 7% in the third quarter compared to a year earlier, the government’s DANE statistics agency said on Tuesday, driven by…
Jordan’s economy posts faster growth despite global turmoil -IMF
By Suleiman Al-Khalidi AMMAN (Reuters) – Jordan’s growth has quickened in 2022 despite global economic turbulence, driven by strong progress in IMF-backed structural reforms that have cushioned the economy and strengthened macro-economic…
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