MUMBAI (Reuters) – Fitch Ratings raised its growth forecast for the Indian economy to 6.3% for the current fiscal year, from 6% earlier, on the back of robust growth in …
Growth
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Business News
France’s Le Maire sticks to 2023 economic growth forecast for now
by Reutersby ReutersPARIS (Reuters) – French Finance Minister Bruno Le Maire said on Tuesday he was sticking for now with the government’s forecast of 1% economic growth for 2023. “I confirm the …
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By Sinchita Mitra (Reuters) – Continued hiring caution and declining demand in the U.S. and life sciences sector dented SThree’s half-year net fees from permanent hires, although strong demand for …
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Business News
Dubai chases long-term growth as property booms, seeks to blunt debt risk
by Reutersby ReutersBy Rachna Uppal and Yousef Saba DUBAI (Reuters) – Buoyed by a swift economic rebound post-COVID, Dubai is racing to attract people and capital to drive long-term growth, betting it …
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Business News
Goldman Sachs cuts China growth forecast as property slowdown bites
by Reutersby ReutersSINGAPORE (Reuters) – Goldman Sachs analysts have cut forecasts for China’s economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds. The U.S. investment …
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TEGUCIGALPA (Reuters) – Honduran economic growth is seen slowing to about 3% in 2023, the International Monetary Fund (IMF) estimated in a statement issued on Friday, pointing to fewer remittances …
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Business News
China’s cabinet pledges to roll out more measures to spur growth
by Reutersby ReutersBy Joe Cash BEIJING (Reuters) -China’s cabinet met on Friday to discuss measures to spur growth in the economy, state media reported, pledging to roll out policy steps in a …
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BEIJING (Reuters) – China’s fiscal revenues grew 14.9% in the first five months from a year earlier, quickening from a 11.9% rise in the first four months, data from the …
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Business News
BofA Global Research cuts 2023 China growth forecast after weak May data
by Reutersby Reuters(Corrects story identifier, also widens distribution) (Reuters) -BofA Global Research on Friday trimmed its China economic growth forecast for 2023, becoming the second Wall Street bank to revise forecast after …
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Business News
French growth seen fragile through 2023, inflation slowing – INSEE
by Reutersby ReutersPARIS (Reuters) – The French economy will grow 0.1% in the second quarter of the year, the INSEE statistics agency said, revising down an earlier forecast of 0.2% due to …
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Business News
J.P.Morgan cuts China’s full year growth forecast after poor May data
by Reutersby Reuters(Reuters) – J.P.Morgan trimmed China’s economic growth forecast for 2023 after the country’s May industrial output and retail sales growth missed forecasts. Economists led by Haibin Zhu said on Thursday …
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Business News
Germany’s photovoltaic system demand set for double-digit growth this year, lobby says
by Reutersby ReutersBERLIN (Reuters) – German demand for photovoltaic power systems is expected to grow at a double-digit rate this year with solar storage system installations by mid-year topping 2022’s total, the …
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Business News
China’s central bank upbeat on Q2 GDP growth, confident on 2023 targets
by Reutersby ReutersBEIJING (Reuters) -China’s economic growth is expected to be “relatively high” in the second quarter compared to the prior year, mainly due a low base of comparison, while consumer inflation …
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Biden Wants To Give Power Over Defense Contracts To Climate Activist ‘Cabal’ Bent On Curtailing Economic Growth
Biden Wants To Give Power Over Defense Contracts To Climate Activist ‘Cabal’ Bent On Curtailing Economic Growth Micaela Burrow on June 6, 2023 The Biden White House is pushing to …
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DUBLIN (Reuters) – Ireland’s domestic economy returned to growth in the first three months of the year after a shallow recession, data showed on Friday, and the finance minister said …
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Business News
Japan’s Q1 GDP growth seen revised up on strong capex: Reuters poll
by Reutersby ReutersBy Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely grew more than initially estimated in the first three months of this year, thanks to solid investments by manufacturers, a Reuters …
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Business News
Investment more than consumption leading India’s economic growth – economists
by Reutersby ReutersBy Ira Dugal MUMBAI (Reuters) – A surge in investments that offset sluggish consumption to boost India’s growth in 2022-23 is expected to power the economy in the current financial …
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Business News
S&P sees weaker 2023 growth in key African economies as tailwinds fade
by Reutersby ReutersJOHANNESBURG (Reuters) – Economic growth in key Sub-Saharan African economies will slow this year as weaker global growth makes the backdrop less favourable and high interest rates deter investment, ratings …
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Business News
French finance minister sticks to 1% growth outlook despite risks
by Reutersby ReutersPARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday he was sticking to a forecast of 1% economic growth this year despite numerous risks to the outlook …
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Business News
BOJ may hike rates if sustained wage growth looks likely-government panellist
by Reutersby ReutersBy Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan (BOJ) may raise short-term interest rates early next year if sustained wage growth becomes a real prospect, …
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KAMPALA (Reuters) – Uganda’s economy will expand by 6% in the next fiscal year that starts in July, an increase from a projected growth of 5.5% this year, boosted by …
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By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s new home prices will see a slower growth this year, according to a Reuters poll, suggesting pent-up demand after the …
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Business News
Low growth, high inflation are top risks for India, say economists: Reuters poll
by Reutersby ReutersBy Vivek Mishra and Shaloo Shrivastava BENGALURU (Reuters) – India’s economy will grow about 6% this fiscal year with a small increase in private investment, according to a Reuters poll …
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By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual economic growth rate slowed to 2.3% in the first quarter, data showed on Wednesday, hurt by a government plan to swap old …
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MEXICO CITY (Reuters) – The Dominican Republic’s economy is expected to grow around 4% in 2023, the IMF said on Monday, slowing from the 4.9% rise in 2022. The economy …