Baltimore sees first population growth in a decade, aided by sanctuary policies, immigration
BALTIMORE, MD — Baltimore’s population has increased for the first time since 2014, according to new estimates released by the U.S. Census Bureau. The city’s population grew from 565,271 in 2023 to…
German industry association raises 2023 export growth forecast to 2% – report
BERLIN (Reuters) – Germany’s BDI industry association expects exports to grow by 2% in 2023, double its forecast in January, its president told the Rheinische Post newspaper in comments published on Saturday.…
Mexico airport operator GAP says nearshoring, fleet expansions fuel growth
By Kylie Madry MEXICO CITY (Reuters) – The airport operating business in Mexico is thriving as traffic surges due to multinational companies bringing overseas operations closer to home and growth at Mexican…
French central bank nudges up Q1 economic growth forecast to around 0.2%
PARIS (Reuters) – The French economy is set to grow around 0.2% in the first quarter of 2023, up from around 0.1% forecast last month, the central bank said on Tuesday, as…
US Treasury sees continued global growth despite strains in banking sector
By Andrea Shalal WASHINGTON (Reuters) – The U.S. banking system remains strong and resilient, but American officials will continue working with foreign counterparts to bolster financial resilience after recent bank failures, U.S.…
Food inflation to weigh on MENA growth this year – World Bank
By Lisa Barrington DUBAI (Reuters) – Double-digit food price inflation will weigh on the Middle East and North Africa region this year, causing growth to slow to 3% from 5.8% last year,…
Economic growth in GCC to more than halve in 2023 – World Bank
By Rachna Uppal DUBAI (Reuters) – The World Bank has revised its 2023 economic growth projection for the oil exporters of the six-member Gulf Cooperation Council (GCC) downwards to 3.2% in its…
WTO sees “subpar” 2023 trade growth with multiple risks
GENEVA (Reuters) – The World Trade Organization raised its forecast for global trade growth this year, but still predicted a slowdown and warned of risks from the Ukraine war, geopolitical tensions, food…
UK service firms report second month of growth as prospects improve -PMI
LONDON (Reuters) – Britain’s economy looks set to have grown in early 2023 after firms in the dominant service sector in March reported the strongest new business expansion in a year and…
UK businesses more upbeat about sales despite weak growth
By David Milliken LONDON (Reuters) – Most British businesses expect their sales to rise over the coming year – an improvement from late 2022 – despite seeing no sales growth over the…
Near shoring, green economy, good growth options for Latam, Caribbean – World Bank
NEW YORK (Reuters) – Near-shoring and the green economy offer opportunities to Latin America and the Caribbean (LAC) that the region should seize, as current estimated economic growth won’t be enough to…
China’s reopening brightens developing Asia’s 2023 growth outlook – ADB
By Karen Lema MANILA (Reuters) – Developing Asia will grow faster than previously thought this year, underpinned by a stronger-than-projected rebound in China, but risks from global banking turmoil could weigh on…
Ecuador central bank cuts 2023 growth forecast due to lower oil exports
QUITO (Reuters) – Ecuador’s central bank on Friday cut the Andean country’s economic growth forecast for the year to 2.6%, from 3.1%, citing the impact of reduced oil exports, and said economic…
Morgan Stanley raises 2023 euro area GDP growth forecast to 0.8%
(Reuters) – Morgan Stanley on Friday raised its 2023 euro area economic growth forecast by 20 basis points to 0.8% on the back of better-than-expected economic data. Morgan Stanley said the European…
Hong Kong monthly retail sales post biggest growth in 13 years
HONG KONG (Reuters) – Hong Kong’s retail sales posted the biggest percentage rise in 13 years in February as economic sentiment improved alongside a sharp rebound in visitor arrivals and low figures…
Indian states likely to fall short of spending targets, posing growth risk – economists
By Ira Dugal MUMBAI (Reuters) – Twelve large Indian states, which have released their local budgets over the past few weeks and forecast aggressive spending growth in 2023-24, are likely to fall…
World Bank maintains Thailand’s 2023 growth outlook at 3.6%
BANGKOK (Reuters) – Thailand’s economy is expected to grow by 3.6% this year, up from 2.6% last year, supported by stronger private consumption, a recovery in the tourism sector and strong pent-up…
China-driven growth seen helping emerging assets despite bank worries
By Duncan Miriri LONDON (Reuters) – Stronger Chinese-led emerging markets growth will likely buffer the stocks, bonds and currencies of many developing nations as markets in the United States and Europe are…
Malaysia central bank maintains 2023 growth forecast amid global slowdown
By Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysia’s central bank on Wednesday maintained its economic growth forecast for 2023 at 4% to 5%, saying that improved domestic conditions will likely offset risks…
US annual house price growth slows further in January
WASHINGTON (Reuters) – U.S. single-family home prices moderated further on an annual basis in January, which together with declining mortgage rates could pull buyers back into the housing market. The S&P CoreLogic…
Australia retail sales growth slows to 0.2% in February
SYDNEY (Reuters) – Australian retail sales eked out a meagre gain in February after wild swings around year-end holidays, indicating shoppers are reining in spending in the face of higher costs of…
Panama’s economic recovery strong, but growth to slow in 2023, IMF says
(Reuters) – Panama’s economic recovery has been “very strong,” but the outlook remains uncertain as growth is projected to slow to 5% this year, the International Monetary Fund (IMF) said Friday. Panama…
Shanghai targets 5% growth in property investment in 2023
BEIJING (Reuters) – China’s financial hub Shanghai has a goal of 5% growth in property investment in 2023, the city’s house management bureau said on Friday, after investment in the city’s property…
Colombian economy headed to more sustainable growth path, IMF says
(Reuters) -Colombia’s economy is currently undergoing a transition toward a more sustainable growth path, the International Monetary Fund said Thursday, highlighting tightened macroeconomic policies, slowing global growth and higher borrowing costs. A…
Goldman Sachs lowers euro zone growth forecast; sees no growth for UK
(Reuters) – Goldman Sachs lowered its 2023 economic growth forecast for the euro zone on Monday, citing ongoing stress in the global banking system and an increase in economic uncertainty. The investment…
LatAm growth threatened if financial turbulence spreads -IDB chief economist
By Milagro Vallecillos PANAMA CITY (Reuters) – Latin America could see zero economic growth this year if the banking crisis in the U.S. and Europe “spreads across the world,” Inter-American Development Bank…
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