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. The economy in the second quarter showed…
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 announced on Friday. “The downward revisions reflect…
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 three months as Russia’s invasion of Ukraine…
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 time since the beginning of the pandemic…
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 still performed better than expected, supported by…
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 economy ministry document showed on Wednesday, further…
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 of 4.0%, due to the impact of…
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, while a slowing Chinese economy clouded the…
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 a meaningful slowdown in economic growth in…
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 on Wednesday, despite a resurgence in COVID-19…
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. (Reporting in Kyiv by Pavel Polityuk; Writing…
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 to 80.3% in 2024 and remaining at…
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, a Reuters poll showed, raising pressure on…
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 estimate of 1.5% to 2.5% in December.…
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, Goldman Sachs said, citing rising commodity prices…
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 in their reports, while adding it could…
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, according to a study published by the…
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 the rise in commodity prices will be…
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 of analysts requested by the central bank…
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 economy the equivalent of at least 4%…
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 on Wednesday. In its monthly economic bulletin…
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 the levels seen in other developed economies,…
Thai GDP growth may miss forecast this year over Ukraine crisis – Finance Minister
BANGKOK – Thailand’s economy may grow less than the 3.5 to 4.5% forecast this year due to the impact of the Ukraine crisis on tourism, trade and consumption, its finance minister said…
Japan’s Q4 GDP forecast to revise up, wholesale price gains cloud outlook – Reuters Poll
By Kantaro Komiya TOKYO – Japan’s economy expanded more than initially expected in the final quarter of 2021, but rising input prices likely kept wholesale inflation near a record in February in…
JPMorgan: Shock to Russian GDP will be akin to 1998 crisis
LONDON – JPMorgan said on Thursday it expected Russia’s economy to contract 35% in the second quarter and 7% in 2022 with the economy suffering an economic output decline comparable to the…
Australia’s Q4 GDP looking even stronger as trade surprises
By Wayne Cole SYDNEY – Australia’s trade performance last quarter was much less of a drag on the economy than first thought implying upside risk for growth, even as imports outstripped exports…
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