NJ weekend forecast promises ideal beach weather at the Jersey Shore
Atlantic City, NJ – The sun will take center stage this weekend at the Jersey Shore, setting up a stretch of weather made for boardwalk strolls, beach chairs, and ocean dips. Today…
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…
S&P Global lowers 2023 growth forecast for emerging markets
(Reuters) – S&P Global Ratings lowered its 2023 growth forecast for emerging economies on Tuesday, citing persistent pressures from the Russia-Ukraine conflict, a lingering COVID-19 pandemic and tight monetary policy conditions. The…
Malawi cuts 2022 growth forecast on power shortages and inflation
By Frank Phiri BLANTYRE (Reuters) -Malawi has lowered its 2022 growth forecast to 1.7% from 4.1% due to problems with power generation and rising inflation that have piled pressure on the economy,…
Malaysia’s October CPI rises 4% y/y, above forecast
KUALA LUMPUR (Reuters) – Malaysia’s consumer price index (CPI) rose 4% from a year earlier in October, government data showed on Friday. The rise was slightly faster than the 3.9% growth forecast…
Australia house prices forecast to slump 16% from peak- Reuters poll
By Vivek Mishra BENGALURU (Reuters) – Australian housing prices that are on a steep decline will likely fall further next year, according to a Reuters poll of analysts who forecast a peak-to-trough…
New Zealand house prices forecast to drop 18% from peak: Reuters Poll
By Vivek Mishra BENGALURU (Reuters) – New Zealand’s house prices are forecast to fall more than previously thought this year and next with a peak-to-trough slump of 18% as aggressive interest rate…
IMF cuts Nigeria 2022 growth forecast to 3%
By Anait Miridzhanian ABUJA (Reuters) -The International Monetary Fund has revised Nigeria’s 2022 real GDP growth forecast down to 3% from 3.4% earlier, citing weak oil production and the adverse effects of…
SNB’s Maechler: Rates will be raised if inflation forecast above target
By Paul Carrel GENEVA (Reuters) – The Swiss National Bank will raise interest rates further if it sees inflation projections above its target level, SNB governing board member Andrea Maechler said on…
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…
Goldman raises forecast for 2023 Fed rate peak by 25 basis points
(Reuters) – Goldman Sachs on Wednesday raised its forecast for the peak in the federal funds rate by 25 basis points to 5-5.25%, after adding one more quarter-point Federal Reserve hike in…
Barclays cuts 2023 global growth forecast, expects weakest growth in four decades
(Reuters) – Barclays economists on Wednesday cut their global economic growth forecast for 2023 as inflation is seen unlikely to fall quickly, forcing monetary policy to be ‘restrictive’. The brokerage warned that…
Poland’s Q3 GDP at 3.5%, above forecast
(Reuters) – Poland’s gross domestic product rose 3.5% year-on-year in the third quarter compared to 5.8% rise in the previous quarter, a first estimate from the statistics office showed on Tuesday. Analysts…
Canadian province of Ontario cuts deficit forecast, braces for slowdown
By Fergal Smith TORONTO (Reuters) -Ontario on Monday projected a smaller budget deficit for the current fiscal year as robust economic growth boosted tax revenues in Canada’s most populous province, but it…
EU exec revises up 2022 euro zone growth forecast, sees bigger slowdown in 2023
BRUSSELS (Reuters) – The euro zone economy will grow more than previously expected in 2022, the European Commission forecast on Friday, and decelerate more than previously thought in 2023, but the slowdown…
Moody’s cuts India’s 2022 GDP growth forecast to 7%, sees 2023 growth at 4.8%
MUMBAI (Reuters) – Rating agency Moody’s cut India’s growth projections for the current and next calendar year due to higher inflation, high interest rates and slowing global growth that, it believes, will…
Canada cuts 2023 GDP forecast but says economy to avoid recession
TORONTO (Reuters) – Canadian Finance Minister Chrystia Freeland on Thursday unveiled an economic update, slashing 2023 real GDP forecast to 0.7%, but said the economy would avoid a recession, while announcing C$11.3…
BNP Paribas profit tops forecast despite higher costs, debt markdown
PARIS (Reuters) – BNP Paribas, the euro zone’s biggest lender, posted a higher than expected net profit in the third quarter, with trading revenues helping offset rising costs and markdowns on some…
Nutrien cuts 2022 profit forecast again on lower potash prices
By Ruhi Soni (Reuters) -Nutrien Ltd on Wednesday cut its full-year adjusted earnings forecast for the second time this year as potash prices decline, sending the shares of the world’s biggest fertilizer…
Qualcomm revenue forecast falls short as smartphone sales slump; shares slide
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Qualcomm Inc’s forecast for holiday-quarter revenue fell about $2 billion short of Street estimates, as the chipmaker struggles with a slump in sales to…
Beiersdorf ups 2022 sales forecast on strong demand for skin care, Tesa products
BERLIN (Reuters) – Nivea maker Beiersdorf on Thursday raised its sales guidance for the full year after strong demand for its personal care and skin care as well as its Tesa products…
Hilton raises annual forecast as profit jumps on strong travel demand
(Reuters) – Hilton Worldwide Holdings Inc on Wednesday raised its annual profit forecast after reporting a spike in third-quarter earnings as consumers eager to travel after the pandemic book flights and hotels…
Microsoft revenue forecast under threat from PC market slump, mighty dollar
By Yuvraj Malik (Reuters) – Microsoft Corp is set to post its slowest quarterly revenue growth in over five years on Tuesday, with some analysts casting doubts whether the company can maintain…
China Sept industrial output growth beats forecast
BEIJING (Reuters) – China’s industrial output in September rose 6.3% from a year earlier, better than 4.2% growth in August, official data showed on Monday, pointing to a sustained recovery from COVID-19…
More severe weather forecast for Australia’s southeast amid flood crisis
SYDNEY (Reuters) – Australia’s weather forecaster predicted heavy rain for large swaths of country’s flood-hit south and east on Sunday as a flood crisis continues in the two most populous states. The…
Zuppler Announces Forecast Report for Food Service Industry; Projecting 175% Growth in Software and Services for 2022 and a Push Toward Local Delivery
Key areas of focus include the 83% growth in platform and digital tools to resolve key issues in customer experience Conshohocken, PA (-) Zuppler, a global software and services company focused on…
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