North Korea economy shrank for third year in 2022 -South’s central bank
By Jihoon Lee SEOUL (Reuters) – North Korea’s economy shrank for a third consecutive year in 2022, as COVID-19 restrictions and U.N. sanctions continued to …
economy
US Economy Grows Moderately As GDP Ticks Up
US Economy Grows Moderately As GDP Ticks Up Will Kessler on July 27, 2023 The U.S. economy grew at a rate of 2.4% in the …
Hedge funds rush to buy China stocks on economy stimulus prospects – Goldman
By Summer Zhen HONG KONG (Reuters) – Global hedge funds snapped up Chinese equities following the politburo meeting this week, buying on Tuesday at their …
US officials to meet Taliban in Doha to discuss economy, rights
By Kanishka Singh WASHINGTON (Reuters) -U.S. officials will meet Taliban representatives and “technocratic professionals” from Afghan ministries in Doha this week, the State Department said …
European banks flag bad loan risks as global economy falters
By Iain Withers, Valentina Za and Jesús Aguado LONDON/MILAN/MADRID (Reuters) – Europe’s major banks, including Deutsche Bank and Lloyds Banking Group, on Wednesday pointed to …
Taiwan’s economy seen returning to growth in Q2: Reuters poll
TAIPEI (Reuters) – Taiwan’s export-dependent economy likely returned to growth in the second quarter thanks to resilient domestic consumption although exports remained weak, a Reuters …
Mexico’s economy to slow in step with US growth moderation: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – Mexico’s economy will likely slow in step with an expected moderation of growth in the United States, but …
Cuban economy minister says no quick fix to devastating crisis
By Nelson Acosta HAVANA (Reuters) – Cuba’s economic growth is less than 2% this year and remains 8 percentage points below pre-pandemic levels, while production …
China’s sagging economy looms over quarterly results around the world
By Noel Randewich (Reuters) – China’s frail growth could weigh on companies with exposure to the world’s second-largest economy, including Apple, big chipmakers and luxury …
Economy, abortion give Biden slight 2024 edge -Reuters/Ipsos
By Jason Lange and James Oliphant WASHINGTON (Reuters) – The steady U.S. economy and voter anger over threats to abortion rights are buoying Democratic President …
China’s Economy Fails To Rebound Following Pandemic Tumble
China’s Economy Fails To Rebound Following Pandemic Tumble Will Kessler on July 17, 2023 China’s economic growth slowed in the second quarter of 2023 as …
German economy may contract slightly in 2023 – IMF
BERLIN (Reuters) – Germany’s economic output may shrink slightly this year due to the energy price shock and tightening financial conditions, the International Monetary Fund …
German economy may disappoint as sentiment worsens – Bundesbank
FRANKFURT (Reuters) – The German economy may shrink by more this year than expected only a few weeks ago despite a small bounce in the …
Australia expects unemployment rate to rise as global economy slows
SYDNEY (Reuters) – Australian Treasurer Jim Chalmers said on Sunday that he expected the nation’s jobless rate to lift from near a 48-year low on …
Media Baron, CNN Host Can’t Figure Out Why Americans Aren’t Crazy About Biden’s Economy: ‘People Like Being Unhappy’
Media Baron, CNN Host Can’t Figure Out Why Americans Aren’t Crazy About Biden’s Economy: ‘People Like Being Unhappy’ Will Kessler on July 13, 2023 A …
UK economy shows strains and gains, complicating BoE’s job
By William Schomberg LONDON (Reuters) – Britain’s economy is showing some signs of strain from the Bank of England’s 13 back-to-back interest rate increases, but …
Local markets more upbeat about Brazil’s economy under Lula, poll shows
SAO PAULO (Reuters) – Financial market participants in Brazil are increasingly optimistic about the country’s economic prospects under leftist President Luiz Inacio Lula da Silva, …
Biden’s approval rating lingers at 40%, economy remains top worry -Reuters/Ipsos
By Josephine Walker WASHINGTON (Reuters) – U.S. President Joe Biden’s public approval rating held steady at 40% in early July, close to the lowest levels …
German economy faces uphill climb as industrial output falls
BERLIN (Reuters) – A swift economic recovery for Germany appeared less likely on Friday as data showed a surprise fall in industrial production. Output fell …
Yellen holds talks with China’s central bank governor, former economy tsar
By Joe Cash BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen met with China’s central bank governor Yi Gang and former economy tsar Liu He …
Dollar to stay firm on expectations of resilient US economy: Reuters poll
By Indradip Ghosh and Shaloo Shrivastava BENGALURU (Reuters) – The U.S. dollar will hold its ground against most major currencies for the rest of the …
UK economy shrank slightly less than thought in 2020: ONS
By David Milliken LONDON (Reuters) – Britain’s economy shrank fractionally less than previously estimated in 2020 when the COVID-19 pandemic prompted the government to require …
PIMCO CIO says preparing for ‘harder landing’ for global economy – FT
(Reuters) – Pacific Investment Management Co (PIMCO) is preparing for a “harder landing” while top central bank chiefs prepare to continue their campaign of interest …
Biden’s student loan defeat adds to headwinds for US economy
By Michael S. Derby and Dan Burns (Reuters) -The U.S. Supreme Court’s striking down of President Joe Biden’s student loan forgiveness plan puts nearly half …
Thailand’s economy picks up in May as tourism, spending rise
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy continued to recover in May as tourism gathered momentum and private and public spending …
Australia eyes bigger budget surplus but warns economy still slowing
By Renju Jose SYDNEY (Reuters) – Australia’s budget surplus for 2022/23 will be bigger than the A$4.2 billion ($2.81 billion) projected in the May budget …
CEOs of major Brazil lenders see ‘unique opportunity’ for local economy
SAO PAULO (Reuters) – The chief executives of Brazil’s largest private lenders, Itau and Bradesco, defended on Tuesday the government’s planned tax reform, emphasizing that …
ECB’s Kazaks sees rate hikes past July even as economy softens
SINTRA, Portugal (Reuters) – The European Central Bank will likely keep raising interest rates after its next meeting even as the economy slows because inflation …
Vietnam to extend VAT cut until year-end to prop up slowing economy
HANOI (Reuters) – Vietnamese lawmakers on Saturday approved a government plan to extend a reduction in value added tax (VAT) on goods and services until …
UK economy stumbles but price pressures remain high -flash PMI
LONDON (Reuters) – Britain’s economy showed signs of a slowdown this month but inflation pressures stayed high, according to a survey published a day after …
Slowing Chinese economy of more concern to EU firms than geopolitics – survey
By Joe Cash BEIJING (Reuters) – A slowdown in both the Chinese and global economies is the biggest issue affecting European firms in China, beating …
China seen cutting key lending benchmarks as economy slows
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey …
Bundesbank sees German economy shrinking this year
FRANKFURT (Reuters) – The German economy, Europe’s biggest, will shrink this year and inflation will stay above 2% at least through 2025, the Bundesbank said …
India’s merchandise import jump in may signals stable local economy – economists
By Ira Dugal MUMBAI (Reuters) – A sequential increase in merchandise imports in May that led to the trade deficit widening to a five-month high …
IMF says Ghana’s economy showing signs of stabilization
ACCRA (Reuters) – The International Monetary Fund (IMF) said on Thursday that Ghana’s economy is showing signs of stabilization, with softening inflation, an increase in …
U.S. Bancorp CEO says economy heading for “moderate” recession
(Reuters) – U.S. Bancorp’s Andy Cecere forecast a “moderate” recession that would be short and “not very deep in terms of severity,” CEO of the …
New Zealand’s economy likely in recession as rate hikes take hold
By Lucy Craymer WELLINGTON (Reuters) – The New Zealand central bank’s aggressive hiking of the cash rate likely pushed the country into a technical recession …
German economy could grow by up to 1.9% in 2024 – econ min
BERLIN (Reuters) – The German economy could grow between 1.6% to 1.9% next year, Economy Minister Robert Habeck said on Monday. “We expected economic growth …
World Bank Issues Dire Forecast For Global Economy: ‘Precarious Footing’
World Bank Issues Dire Forecast For Global Economy: ‘Precarious Footing’ Jason Cohen on June 6, 2023 The expansion of the global economy will significantly decelerate …
Biden Admin Blocks Mine Just One Week After Company Announces Plan To Invest Millions In Local Economy
Biden Admin Blocks Mine Just One Week After Company Announces Plan To Invest Millions In Local Economy John Hugh DeMastri on June 6, 2023 The …
Irish domestic economy returns to growth in first quarter
DUBLIN (Reuters) – Ireland’s domestic economy returned to growth in the first three months of the year after a shallow recession, data showed on Friday, …
No quick recovery for German economy after winter slump – DIW
BERLIN (Reuters) – There is no quick recovery in sight for the inflation-hit German economy following a winter recession, the DIW economic research institute said …
India’s economy likely gained pace in March quarter
By Manoj Kumar NEW DELHI (Reuters) – India is set to release data on Wednesday that is expected to show the economy grew by 5% …
Swiss economy grows at faster than expected rate in first quarter
ZURICH (Reuters) – The Swiss economy grew by a faster than expected rate at the start of the year, the government said on Tuesday, supported …
Thai economy resilient, on path to full recovery – Finance Minister
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy is on a solid path to recovery and showing resiliency, helped by good revenue …
German economy minister’s office receives envelope with white powder
BERLIN (Reuters) -German Economy Minister Robert Habeck’s constituency office said on Thursday it had received an envelope containing a white substance, prompting a large-scale police …
Japan raises view on economy for 1st time since July 2022
TOKYO (Reuters) – Japan’s government raised its overall view of the economy for the first time in ten months in May, after recent data showed …
Macau needs to diversify economy, safeguard national security -Chinese official
HONG KONG (Reuters) – Macau, the world’s biggest gambling hub, needs to diversify its economy and make greater efforts to safeguard national security, the Macau …
Rebounding margins silver lining for US retail firms in uncertain economy
By Aishwarya Venugopal (Reuters) – Lower input costs and inventories, as well as extended price hikes are pushing a quicker-than-expected recovery in margins at U.S. …
‘Soft landing’ narrative takes shape in post-pandemic US economy
By Howard Schneider AMELIA ISLAND, Florida (Reuters) – The pummeling taken by bank bond portfolios during more than a year of rising interest rates fueled …