Lucid forecasts annual vehicle production below estimates
(Reuters) -Lucid Group forecast annual vehicle production far below analysts’ estimates on Wednesday, on signs that demand for its luxury electric vehicles will slow down as high interest rates pinch consumer budgets.…
TomTom forecasts higher annual sales after Q3 beat
By Federica Mileo and Augustin Turpin (Reuters) – Dutch navigation and digital mapping company TomTom on Friday raised its 2022 outlook, as increased car production and higher location technology sales drove third-quarter…
Volatile food prices led to India cenbank missing inflation forecasts – economists
By Anushka Trivedi MUMBAI (Reuters) – India’s central bank has been consistently missing its inflation projections over the last two and half years mainly due to extreme weather conditions that drove up…
IMF cuts Asia’s growth forecasts, warns of strong dollar strains
By Leika Kihara TOKYO (Reuters) – The International Monetary Fund cut Asia’s economic growth forecasts on Tuesday, with rising inflation forcing many central banks to tighten monetary policy even as exports face…
IMF raises Latam 2022 growth forecasts; sees inflation dip in 2023
NEW YORK (Reuters) – The International Monetary Fund on Tuesday raised its 2022 economic growth forecasts for Latin America and the Caribbean and lowered its growth projection for 2023 on shifting commodity…
Euro falls, euro zone bond yields rise after U.S. jobs data meets forecasts
LONDON (Reuters) – The euro fell against the dollar on Friday, while European stocks dropped and bond yields rose after data showed the U.S. economy created roughly as many jobs in September…
Factbox-Goldman raises oil price forecasts on OPEC+ cuts
(Reuters) – Goldman Sachs raised its oil price forecast for this year and next on expectations the 2 million barrels per day (bpd) output cut agreed by OPEC+ is “very bullish” for…
Goldman raises oil price forecasts on ‘very bullish’ OPEC+ cuts
(Reuters) – Goldman Sachs has raised its oil price forecast for this year and 2023, as the U.S. bank expects the 2 million barrels per day (bpd) output cut agreed by OPEC+…
European car market to contract 1% in 2022, ACEA forecasts
BERLIN (Reuters) – The European Union’s car market is on track to shrink this year, the European Automobile Manufacturers Association (ACEA) said on Friday, forecasting a 1% dip to 9.6 million units…
Analysts cut Canadian dollar forecasts as recession risk looms: Reuters poll
By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to fall short of a September forecast for the coming year following sharp losses in recent weeks and as interest rate…
Morgan Stanley sees tighter oil market ahead, ups Q1 forecasts
(Reuters) – Morgan Stanley raised its oil price forecast for the first quarter of 2023, and predicted tight supply going forward due to a steep output cut agreed by OPEC+ producers coupled…
World Bank forecasts Thai GDP growth at 3.1% this year
BANGKOK (Reuters) -Thailand’s economy is expected to grow 3.1% this year, higher than a forecast in June of 2.9%, supported by private consumption and exports, the World Bank said on Tuesday. However,…
UK’s top manufacturing body slashes forecasts for 2023
LONDON (Reuters) – Britain’s manufacturers association on Thursday slashed its forecast for growth in factory output next year, citing huge uncertainty around demand and energy prices. Make UK downgraded its forecast for…
Switzerland cuts growth forecasts given energy risks, inflation
ZURICH (Reuters) -The Swiss government significantly cut its economic growth forecasts on Tuesday, citing growing risks from a “tense energy situation and sharp price increases”. It now expects the country’s economy to…
Analysis-Lower oil prices defy robust forecasts for global demand
By Noah Browning, Stephanie Kelly and Laura Sanicola LONDON (Reuters) – Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump…
Barclays forecasts contraction in fourth quarter for major economies
(Reuters) – Global growth is heading for an “increasingly synchronous downturn”, economists at Barclays said on Thursday, citing a deepening energy crisis in Europe, continued lockdowns in China and tightening financing conditions…
Ferragamo sales beat forecasts in H1 despite slowdown in China
MILAN (Reuters) -Revenues at Italian luxury group Salvatore Ferragamo topped market forecasts in the first half of the year despite a slight slowdown in the second quarter due to COVID-19 restrictions in…
Investment banks rush to cut yuan forecasts, 7 per dollar at risk
By Tom Westbrook SINGAPORE (Reuters) – Major investment houses have cut their yuan forecasts as its fall against the dollar accelerates, with some expecting a breach of the 7-per-dollar milestone before next…
Economists cut Singapore growth forecasts, raise inflation – survey
SINGAPORE (Reuters) – Economists have cut growth forecasts and upped inflation expectations for Singapore, according to a central bank survey, published on Thursday, with a global slowdown seen as the biggest risk…
Canada’s Alberta forecasts much bigger 2022-23 budget surplus of C$13.2 billion
(Reuters) – Canadian oil-producing province Alberta expects a budget surplus of C$13.2 billion ($10.1 billion) in the 2022-23 fiscal year, significantly higher than the C$511 million surplus estimated in its budget, helped…
Zambia leaves policy rate on hold, trims 2022 forecasts
By Chris Mfula LUSAKA (Reuters) – Zambia’s central bank kept its monetary policy rate unchanged at 9.0% on Wednesday, and lowered its inflation and economic growth forecasts for this year. The bank…
Australia wage growth picks up in Q2, lags forecasts and inflation
By Wayne Cole SYDNEY (Reuters) – Australian wage growth rose at the fastest pace in almost eight years last quarter as red-hot demand for labour drove unemployment to generational lows, yet pay…
Analysts slash platinum and palladium forecasts amid global slowdown: Reuters poll
By Ashitha Shivaprasad and Peter Hobson (Reuters) – Analysts and traders have sharply lowered their price forecasts for platinum and palladium as a global economic slowdown reduces demand, a Reuters poll showed…
Gartner forecasts chip sales growth to slow down in 2022, fall next year
By Supantha Mukherjee STOCKHOLM – IT research firm Gartner said on Wednesday it expects global semiconductor sales growth to slow down in 2022 and fall 2.5% next year, hurt by weak sales…
Australia to review central bank’s monetary tools, rate forecasts
SYDNEY – Australia will launch a review of the Reserve Bank of Australia’s (RBA) inflation target, monetary tools and board structure, Treasurer Jim Chalmers said on Wednesday, amid criticism over the central…
Factbox-Highlights of Airbus jet demand forecasts
(Reuters) – European planemaker Airbus has updated its widely watched rolling 20-year forecasts for jetliner demand. Here are the main points of the forecasts, published a week ahead of the Farnborough Airshow.…
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