By David Stanway SINGAPORE (Reuters) – A team of influential economists has urged China to adopt a new development model based on “wellbeing” rather than GDP growth in order to …
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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. The economy in the second …
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(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 meeting last week, Bloomberg News …
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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 estimates on Sunday, as the …
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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 economic recovery gains more traction …
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(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 services, preliminary data showed on …
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MADRID – Spain raised its inflation forecasts for 2022 and 2023 and lowered its economic growth target for 2023, Economy Minister Nadia Calvino said on Tuesday, citing the war in …
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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 export market China and a …
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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 in a recession, even if …
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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 of Russia’s war in Ukraine, …
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By Kevin Yao BEIJING – China is expected to report a sharp slowdown in economic growth in the second quarter after widespread COVID lockdowns jolted factories and consumers, although activity …
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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 poll showed, suggesting policymakers may …
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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% rise, against an 8.9% rise …
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QUITO – Ecuador is holding firm to its fiscal deficit target for the year of 2% of gross domestic product (GDP), economy minister Pablo Arosemena said on Monday, despite losses …
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BRASILIA – Economists polled by the Brazilian central bank expect the economy to perform better this year but see inflation staying above the official target until 2023, marking three consecutive …
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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 Ministry said on Thursday as …
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BRUSSELS – The euro zone economy grew much faster in the first quarter of the year than in the previous three months despite the impact of the war in Ukraine, …
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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 earlier, revised central bank data …
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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 outgoing year, following budgetary tightening …
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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 2023 in case of a …
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By Takaya Yamaguchi TOKYO – Japan plans to call for moving ahead with a new “green” gross domestic product (GDP) indicator that will reflect the country’s progress in reducing greenhouse …
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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 of Ukraine, China’s response to …
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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 said on Friday, as the …
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(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 economic and policy research department …
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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 Reuters on Wednesday, forecasting activity …