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 with no clear resolution” following …
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BRUSSELS – Euro zone economic growth was stronger than previously expected in the first quarter, revised data showed on Tuesday, and employment rose too, showing the euro zone expanded at …
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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 most stringent restrictions to curb …
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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 economist said on Monday, adding …
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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 …
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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 …
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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 …
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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, …
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(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 …
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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 …
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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 …
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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 …
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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 …
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(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 …
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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 …
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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 …
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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% …
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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 …
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– 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 …
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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 …
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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 …
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– 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 …
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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 …
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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 …
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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 …