No money? Next UK government’s budget is hostage to economy
By William Schomberg LONDON (Reuters) – Britain’s next government will have little room to cut taxes or increase spending – at least according to bleak …
economy
Consumers Are Right To Think Biden’s Economy Is In Bad Shape, Experts Say
Consumers Are Right To Think Biden’s Economy Is In Bad Shape, Experts Say Will Kessler on January 6, 2024 The Biden administration and the media …
Japanese firms rush to resume production as earthquake disrupts local economy
By Kantaro Komiya TOKYO (Reuters) – Japanese manufacturers rushed to resume production four days after a magnitude 7.6 earthquake killed at least 94 and disrupted …
Canadian service economy shrinks for seventh straight month
By Fergal Smith TORONTO (Reuters) – Activity in Canada’s service sector deteriorated for a seventh consecutive month in December as elevated borrowing costs weighed on …
Ukraine’s total export value fell 18.7% in 2023, to lowest in a decade – economy minister
(Reuters) – Ukraine’s export value fell 18.7% in 2023 compared with 2022, totalling $35.8 billion, the lowest figure recorded in a decade, the country’s Economy …
Oil Giant’s Massive Impairment Could Be The Latest Sign Of Trouble For California’s Economy, Experts Say
Oil Giant’s Massive Impairment Could Be The Latest Sign Of Trouble For California’s Economy, Experts Say Nick Pope on January 2, 2024 Chevron announced Tuesday …
UK company bosses turn gloomier about economy – IoD survey
LONDON (Reuters) – British business leaders have turned more pessimistic about the outlook for the country’s economy and they are holding back on investment decisions, …
US profit growth to accelerate in 2024 despite economy risks
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. corporate earnings should improve at a stronger clip in 2024 as inflation and interest rates come down, …
Russian economy shrank by 1.2% in 2022, less than previously thought – stats service
MOSCOW (Reuters) – Russia’s economy contracted by 1.2% last year, less than the 2.1% decline previously estimated, the state statistics service Rosstat said on Friday. …
‘What People Feel And Know’: Legendary Economist Explains Why Corporate Media Is Misreading Voters’ Views On Economy
‘What People Feel And Know’: Legendary Economist Explains Why Corporate Media Is Misreading Voters’ Views On Economy Harold Hutchison on December 27, 2023 Economist Art …
Cuba’s economy still shrinking, minister says
By Marc Frank and Nelson Acosta HAVANA (Reuters) – Cuban economy minister Alejandro Gil said on Wednesday that the country’s economy likely shrunk this year …
Japan ups assessment on business mood, holds to view of overall economy
TOKYO (Reuters) – Japan’s government upgraded its view on business sentiment for the first time in two months in December as a central bank survey …
‘They Will Juice The Economy’: Former Trump Official Says Fed Will Try To Boost Biden In 2024
‘They Will Juice The Economy’: Former Trump Official Says Fed Will Try To Boost Biden In 2024 Harold Hutchison on December 18, 2023 A former …
Sri Lanka’s economy returns to growth, led by agriculture
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s economy grew by 1.6% in the quarter from July to September, official data showed on Friday, as …
US says Ukraine conflict is damaging Russian economy – FT
(Reuters) – The conflict in Ukraine is significantly impacting Russia’s economy, raising domestic prices, and forcing Moscow to devote a third of its budget on …
Top US official Pyle visits Argentina, discusses economy and private investment
By Kanishka Singh WASHINGTON (Reuters) – A top U.S. official from the National Security Council met senior members of the administration of Argentine President Javier …
New Zealand economy unexpectedly contracts in third quarter
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s economy unexpectedly contracted in the third quarter as a number of industries including manufacturing and construction saw …
Developing Asia to end 2023 on brighter note as China’s economy recovers – ADB
MANILA (Reuters) – Developing Asia will likely end the year on a brighter note, the Asian Development Bank said on Wednesday, with growth in the …
US public’s downbeat view of economy is real, Chicago Fed research shows
By Howard Schneider WASHINGTON (Reuters) – Whether it’s the “collective trauma” cited by the American Psychological Association (APA) or the bad “vibes” noted by internet …
The rise and stagnation of Russia’s economy during Putin’s tenure
MOSCOW (Reuters) – Russians have enjoyed a dramatic increase in living standards over the course of President Vladimir Putin’s nearly 24 years at the helm …
Yellen says Fed performance strong, U.S. economy robust
MEXICO CITY (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday the U.S. Federal Reserve is performing strongly and that she was feeling very …
India to be world’s third-largest economy by 2030 -S&P Global Ratings
BENGALURU (Reuters) – India will remain the fastest-growing major economy for at least the next three years, setting it on course to become the world’s …
Canadian banks prepare for shaky economy, more bad loans
By Nivedita Balu and Arasu Kannagi Basil TORONTO (Reuters) – Canadian banks had a mixed fourth quarter but a common theme underlining all the reports …
German budget crisis ‘stings’ already weak economy -ZEW president
By Christoph Steitz and Tilman Blasshofer FRANKFURT (Reuters) – Germany’s budget crisis has dealt another blow to an already battered economy, the president of the …
Here’s Where Americans Are Feeling The Greatest Pain Under Biden’s Economy
Here’s Where Americans Are Feeling The Greatest Pain Under Biden’s Economy Will Kessler on December 2, 2023 Prices across the economy have skyrocketed since President …
Swedish economy in recession as Q3 GDP shrinks more than expected
By Johan Ahlander STOCKHOLM (Reuters) – Sweden’s economy entered recession in the third quarter, which contracted 0.3% from the previous one, as higher interest rates …
Vietnam to extend VAT cut until mid-2024 to support economy
HANOI (Reuters) – Vietnam’s parliament on Wednesday decided to further extend a reduction in value-added tax (VAT) on goods and services until the end of …
Euro zone corporate lending contracts as economy shrinks: ECB data
FRANKFURT (Reuters) -Bank lending to businesses across the euro zone fell for the first time since 2015 last month, data from the European Central Bank …
India to remain fastest-growing major economy, but demand uneven – Reuters poll
By Milounee Purohit and Devayani Sathyan BENGALURU (Reuters) – India’s economic expansion likely moderated but remained strong in the September quarter, supported by robust service …
Argentina’s economy chief frontrunner pitches Milei’s ‘shock’ therapy to banks – sources
By Jorgelina do Rosario and Jorge Otaola BUENOS AIRES (Reuters) – Argentine former central banker Luis Caputo, frontrunner to be the new economy minister, met …
Germany’s economy shrinks slightly in third quarter
BERLIN (Reuters) -Germany’s economy shrank slightly in the third quarter compared with the previous three months, data from its statistics office showed on Friday. The …
OECD: German budget crisis could slow down EU economy
BERLIN (Reuters) – The Organisation for Economic Cooperation and Development (OECD) warned on Thursday that Germany’s budget crisis, which has called into question billions of …
Thai economy in ‘crisis’ and needs major stimulus – PM
BANGKOK (Reuters) – Thai Prime Minister Srettha Thavisin said on Thursday the country’s economy was in “crisis”, stressing the need to forge ahead with his …
Japan cuts view on economy for first time in 10 months
TOKYO (Reuters) – Japan’s government on Wednesday slashed its view on the economy for November in its first such downgrade in 10 months, as weak …
Greek economy seen growing by 2.9% next year on strong investment
By Lefteris Papadimas ATHENS (Reuters) – Greece expects its economy to grow faster in 2024 on the back of strong projected tourist inflows, higher investment …
‘Slow-Moving Train Wreck’: There’s A Powder Keg Inside The American Economy — And It Might Blow Up
‘Slow-Moving Train Wreck’: There’s A Powder Keg Inside The American Economy — And It Might Blow Up Will Kessler on November 19, 2023 The commercial …
Brazil’s economy enters negative territory in Q3, shows central bank data
BRASILIA (Reuters) -The Brazilian economy ended the third quarter in negative territory, central bank data showed on Friday, reversing a performance that had been surprisingly …
Marketmind: Treasury yields dive as oil craters, economy softens
A look at the day ahead in U.S. and global markets from Mike Dolan A cratering of oil prices and more signs of a cooling …
Biden Admin Doubles Down On Climate Cooperation With China As Xi’s Economy Goes On Coal Binge
Biden Admin Doubles Down On Climate Cooperation With China As Xi’s Economy Goes On Coal Binge Nick Pope on November 15, 2023 The Biden administration …
Peru economy chief: improvement possible despite months of contraction
By Marco Aquino LIMA (Reuters) – Peru’s economy contracted for a fifth consecutive month in September, landing well below forecasts, but the country’s economy minister …
Hollywood strikes sap economy as industry readies for revamp
By Dawn Chmielewski, Danielle Broadway and Lisa Richwine LOS ANGELES (Reuters) – While Hollywood celebrates the end of strikes by writers and actors, the multibillion-dollar …
German economy to resume growth after 2023 contraction -EU Commission
BERLIN (Reuters) – The German economy is expected to shrink by 0.3% this year, as a loss in purchasing power due to high inflation and …
German economy, auto sector face risks from exposure to China, fund manager says
By Christoph Steitz FRANKFURT (Reuters) – Germany’s heavy economic exposure to China carries significant risks for Europe’s top economy, the country’s second-largest fund manager said, …
IMF sees Greek economy growing by 2.5% this year, 2% in 2024
ATHENS (Reuters) – Greece’s economy is expected to expand by 2.5% this year due to strong domestic demand, investments and EU funds, the International Monetary …
EJ ANTONI: Janet Yellen Fiddles While America’s Economy Burns
EJ ANTONI: Janet Yellen Fiddles While America’s Economy Burns E.J. Antoni on November 10, 2023 America’s ruling class lives in a fantasy world. Treasury Secretary …
Colombia’s economy expected to have grown 0.5% in third quarter: Reuters poll
BOGOTA (Reuters) – Colombia’s economy expanded 0.5% on a year-on-year basis in the third quarter, according to a Reuters poll on Friday, a slightly more …
Italian economy likely to slow in next few months – stats bureau
ROME (Reuters) – The Italian economy is likely to slow further in the next few months after stagnating in the third quarter, national statistics bureau …
Reuters NEXT-BofA CEO expects soft landing for US economy
(Reuters) – Bank of America CEO Brian Moynihan on Wednesday reiterated his expectation of a soft landing for the U.S. economy, saying the lender was …
Crack in US dollar strength to spread as economy slows: Reuters poll
By Hari Kishan BENGALURU (Reuters) – The dollar’s recent weakness will linger for the rest of the year, according to a majority of FX strategists …
‘A Disconcerting Picture’: Reagan Economist Says Latest Jobs Numbers Spell Trouble For Economy
‘A Disconcerting Picture’: Reagan Economist Says Latest Jobs Numbers Spell Trouble For Economy Harold Hutchison on November 3, 2023 Former Reagan administration official Art Laffer …