Economists urge China to think ‘beyond GDP’ to head off climate risks
By David Stanway SINGAPORE (Reuters) – A team of influential economists has urged China to adopt a new development model based on “wellbeing” rather than … Read more
gdp
Thai GDP growth seen at 3.3% this year – PM
BANGKOK – Thailand’s economy is expected to grow 3.3% this year and 4.2% next year, helped by increased tourism, the prime minister said on Tuesday. … Read more
China leaders say 5.5% GDP growth is guidance, not hard target – Bloomberg News
(Reuters) – Chinese leaders told the government that this year’s economic growth of about 5.5% is a guidance and not a hard target in a … Read more
Saudi GDP grows 11.8% year/year in Q2 -flash estimates
DUBAI – Saudi Arabia’s gross domestic product rose by 11.8% in the second quarter compared with the same period in 2021, according to initial government … Read more
Thai central bank likely to hike rate next month, ups GDP outlook – official
BANGKOK – Thailand’s central bank is highly likely to raise its key policy rate at its August meeting, an official said on Friday, as its … Read more
Spain’s second-quarter GDP growth of 1.1% tops estimates
(Reuters) – Spain’s second-quarter economy expanded 1.1% over the previous three months to top growth estimates on robust overseas demand for the country’s goods and … Read more
Spain raises inflation forecast for 2022, lowers GDP growth target for 2023
MADRID – Spain raised its inflation forecasts for 2022 and 2023 and lowered its economic growth target for 2023, Economy Minister Nadia Calvino said on … Read more
Taiwan Q2 GDP to gain from chip exports, but face COVID headwinds – Reuters poll
TAIPEI – Taiwan’s trade-reliant economy is expected to have expanded on the back of strong global demand for computer chips, though COVID-19 lockdowns in top … Read more
U.S. Treasury officials say overall economic strength belies weak GDP
By David Lawder WASHINGTON – U.S. Treasury officials said on Monday overall income and jobs figures suggested the economy was in good health and not … Read more
Japan slashes fiscal year GDP growth f’cast to 2.0% on global demand slump
By Daniel Leussink TOKYO – Japan’s government slashed its economic growth forecast for this fiscal year largely due to slowing overseas demand, highlighting the impact … Read more
China GDP data to show sharp slowdown in Q2, tepid recovery in June
By Kevin Yao BEIJING – China is expected to report a sharp slowdown in economic growth in the second quarter after widespread COVID lockdowns jolted … Read more
China Q2 GDP growth seen dipping to 1% on COVID hit, 2022 growth at 4% – Reuters poll
By Kevin Yao BEIJING – China’s economic growth likely slowed sharply in the second quarter as COVID-19 lockdowns hit factories and consumer spending, a Reuters … Read more
Chile sharply raises estimates for inflation in 2022; GDP seen up 1.6%
By Fabian Cambero SANTIAGO – Chile’s government on Tuesday sharply increased its estimates for the country’s inflation in 2022, saying it now expects an 11.1% … Read more
Ecuador affirms deficit target of 2% of GDP despite protests -minister
QUITO – Ecuador is holding firm to its fiscal deficit target for the year of 2% of gross domestic product (GDP), economy minister Pablo Arosemena … Read more
Economists see stronger 2022 GDP for Brazil, inflation missing target for third straight year in 2023
BRASILIA – Economists polled by the Brazilian central bank expect the economy to perform better this year but see inflation staying above the official target … Read more
Israel finance ministry trims GDP forecasts but sees surge in tax income
By Steven Scheer JERUSALEM -Israel is on track to collect 45.5 billion shekels ($13 billion) more than initially expected in revenue in 2022, the Finance … Read more
Euro zone GDP growth speeds up in Q1 despite Ukraine war, revised data show
BRUSSELS – The euro zone economy grew much faster in the first quarter of the year than in the previous three months despite the impact … Read more
S.Korea Q1 GDP growth revised slightly down to 0.6%
SEOUL – South Korea’s economy grew by a seasonally adjusted 0.6% in the first quarter from three months earlier, slightly lower than 0.7% growth estimated … Read more
Pakistan expects GDP growth to slow to 5% amid fiscal consolidation
By Asif Shahzad ISLAMABAD – Pakistan GDP growth will slow to 5% for the upcoming fiscal year beginning on July 1, from 5.9% in the … Read more
Business lobby sees 2% hit on Italy’s GDP if Russia stops gas
MILAN – Italy’s business lobby Confindustria forecasts an almost 2% hit on the country’s gross domestic product (GDP) on average per year in 2022 and … Read more
Japan to urge moving ahead with ‘green’ GDP indicator – draft
By Takaya Yamaguchi TOKYO – Japan plans to call for moving ahead with a new “green” gross domestic product (GDP) indicator that will reflect the … Read more
IIF cuts 2022 global GDP growth estimate in half, flows to EM to drop 42%
NEW YORK – The Institute of International Finance slashed its 2022 growth outlook for global output in half, citing the economic effects of Russia’s invasion … Read more
Tunisia’s current account deficit to widen to 10% of gdp in 2022
TUNIS – Tunisia’s current account deficit is expected to widen to around 10% of GDP in 2022, against 6.8% initially forecast, the central bank governor … Read more
JPMorgan cuts U.S. GDP estimates for 2022 and 2023
(Reuters) – JPMorgan on Wednesday cut its expectation for U.S. real gross domestic product for the second half of 2022 and for 2023. The firm’s … Read more
Brazil’s govt will maintain GDP outlook for 2022 and 2023 -sources
By Marcela Ayres BRASILIA – Brazil’s Economy Ministry will hold its economic growth outlook at 1.5% in 2022 and 2.5% in 2023, two officials told … Read more
Morgan Stanley sees Ukraine GDP slump by 60% in 2022 if “no clear resolution”
LONDON – Morgan Stanley said on Wednesday Ukraine’s economy could slump as much as 60% year-on-year in 2022 in case of a “more prolonged conflict … Read more
Euro zone Q1 GDP growth rate revised upward to end-2021 pace
BRUSSELS – Euro zone economic growth was stronger than previously expected in the first quarter, revised data showed on Tuesday, and employment rose too, showing … Read more
Hong Kong Q1 GDP shrinks more than expected on COVID curbs
By Donny Kwok and Twinnie Siu HONG KONG – Hong Kong’s economy contracted in the first quarter of this year as the city imposed its … Read more
U.S. Treasury sees economy still expanding in 2022 despite Q1 GDP drop
WASHINGTON – The U.S. economy is expected to continue its expansion this year despite a surprise contraction in the first quarter, the U.S. Treasury’s chief … Read more
Costa Rica lowers GDP growth forecast for 2022 to 3.4%
SAN JOSE – Costa Rica lowered its economic growth projection for 2022 to 3.4%, down from the 3.9% set in January, the country’s central bank … Read more
Spain’s GDP growth slows to 0.3% in Q1 as Madrid readies cut to 2022 outlook
MADRID – Spain’s economy expanded 0.3% in the first quarter from the second, preliminary data showed on Friday, slowing down from 2.2% in the previous … Read more
NEGATIVE GROWTH: GDP Takes An Unexpected Nosedive
NEGATIVE GROWTH: GDP Takes An Unexpected Nosedive Ailan Evans on April 28, 2022 The U.S. economy under President Joe Biden has shrunk for the first … Read more
Taiwan Q1 preliminary GDP grows faster than expected
By Jeanny Kao and Yimou Lee TAIPEI -Taiwan’s economy grew at a slower pace in the first quarter compared with the previous three months but … Read more
Russia’s GDP decline could hit 12.4% this year, economy ministry document shows
(Reuters) -Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an … Read more
Thai finance ministry cuts 2022 GDP outlook over Ukraine war
By Orathai Sriring and Kitiphong Thaichareon BANGKOK – Thailand’s finance ministry on Wednesday reduced its 2022 economic growth forecast to 3.5% from a previous forecast … Read more
S.Korea Q1 GDP growth slows, China risks cloud outlook
By Jihoon Lee SEOUL -South Korea’s economic growth nearly halved in the first quarter from the preceding three months on coronavirus curbs and surging inflation, … Read more
Morgan Stanley cuts euro zone GDP forecasts
LONDON – Morgan Stanley said on Monday it had revised down its economic growth forecasts for the euro area this year and the next, anticipating … Read more
China on track for 2022 GDP target despite COVID shock – govt economists
BOAO, China – China remains on track to reach its 2022 growth target of around 5.5% as it has ample stimulus space, government economists said … Read more
Ukraine’s GDP may fall between 30%-50% in 2022 – Finance Minister
(Reuters) – Ukraine’s gross domestic product (GDP) may fall between 30% and 50% this year, Finance Minister Serhiy Marchenko said in televised comments on Saturday. … Read more
Brazil government sees gross debt at 79.6% of GDP in ’23, sets deficit goal at 65.9 billion reais
By Marcela Ayres BRASILIA – The Brazilian government projected on Thursday that the country’s debt will reach 79.6% of gross domestic product in 2023, rising … Read more
China’s GDP growth seen slowing to 5.0% in 2022 on COVID hit – Reuters poll
By Kevin Yao BEIJING – China’s economic growth is likely to slow to 5.0% in 2022 amid renewed COVID-19 outbreaks and a weakening global recovery, … Read more
Chile’s central bank shrinks GDP growth forecast for 2022
SANTIAGO – Chile’s central bank revised its forecast for 2022 economic growth on Wednesday, dropping it to a range of 1.0% to 2.0% from an … Read more
Turkey’s C/A deficit seen rising to 4% of GDP this year -Goldman
ISTANBUL – Turkey’s current account deficit is expected to rise to $32 billion or 4.0% of GDP this year, more than the 2.5% previously forecast, … Read more
JPM, Credit Suisse expect China COVID spike to have minimal impact on GDP
– The recent surge in COVID-19 cases across China is likely to have a minimal impact on the country’s GDP this year, two brokerages said … Read more
War in Ukraine could more than halve German GDP growth – study
BERLIN – Russia’s war in Ukraine could reduce Germany’s 2022 economic expansion by 2 percentage points, more than halving the growth rate for this year, … Read more
Russia’s GDP to fall 15% this year on Ukraine-linked sanctions -IIF
NEW YORK – Russia’s economy will contract in 2022 by some 15% due to the severity of sanctions imposed over its invasion of Ukraine, and … Read more
Russia’s inflation seen at 20%, GDP down 8% in 2022, central bank survey shows
– Inflation in Russia is forecast to accelerate to 20% and its economy could fall by as much as 8% this year, an independent survey … Read more
Oil, commodities price shock could cost over 4% of global GDP, Trafigura says
By Julia Payne LONDON – Soaring prices of commodities from oil to wheat in the wake of Russia’s invasion of Ukraine could cost the global … Read more
Recent surge in energy costs to cut Italy 2022 GDP by 0.7 points – ISTAT
ROME – The recent surge in energy prices will reduce Italy’s economic growth this year by around 0.7 percentage points, national statistics institute ISTAT estimated … Read more
Women workers could drive $1 trln rise in U.S. GDP – Moody’s
By Federica Urso – The U.S. economy could get a $1 trillion boost over the next 10 years if female labor market participation grew to … Read more