ROME (Reuters) – Italy is ready to consider ratifying the reform of the euro zone’s bailout fund (ESM) for countries and banks cut off from markets “if it is transformed …
Growth
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Business News
GSK-spinoff Haleon forecasts 2023 organic revenue growth at top-end of view
by Reutersby Reuters(Reuters) – Consumer healthcare group Haleon expects 2023 organic revenue growth towards the upper end of its 4%-6% forecast, it said on Thursday, on strong demand and the restocking of …
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MOSCOW (Reuters) – Russia’s economic growth this year is likely to come in at the top end of the central bank’s forecast range of between minus 1% and 1%, a …
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Business News
J.P.Morgan, Citi upgrade China’s 2023 full-year GDP growth forecast
by Reutersby Reuters(Reuters) – J.P.Morgan and Citigroup upgraded China’s 2023 full-year gross domestic product growth forecast on Tuesday, citing that the country’s decision to lift stringent COVID-19 restrictions last December helped boost …
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Business News
German industry association raises 2023 export growth forecast to 2% – report
by Reutersby ReutersBERLIN (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 …
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Business News
Mexico airport operator GAP says nearshoring, fleet expansions fuel growth
by Reutersby ReutersBy 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 …
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Business News
French central bank nudges up Q1 economic growth forecast to around 0.2%
by Reutersby ReutersPARIS (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 …
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Business News
US Treasury sees continued global growth despite strains in banking sector
by Reutersby ReutersBy 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 …
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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% …
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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% …
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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 …
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Business News
UK service firms report second month of growth as prospects improve -PMI
by Reutersby ReutersLONDON (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 …
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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 …
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Business News
Near shoring, green economy, good growth options for Latam, Caribbean – World Bank
by Reutersby ReutersNEW 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 …
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Business News
China’s reopening brightens developing Asia’s 2023 growth outlook – ADB
by Reutersby ReutersBy 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 …
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Business News
Ecuador central bank cuts 2023 growth forecast due to lower oil exports
by Reutersby ReutersQUITO (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 …
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Business News
Morgan Stanley raises 2023 euro area GDP growth forecast to 0.8%
by Reutersby Reuters(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 …
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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 …
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Business News
Indian states likely to fall short of spending targets, posing growth risk – economists
by Reutersby ReutersBy 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 …
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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 …
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Business News
China-driven growth seen helping emerging assets despite bank worries
by Reutersby ReutersBy 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 …
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Business News
Malaysia central bank maintains 2023 growth forecast amid global slowdown
by Reutersby ReutersBy 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 …
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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 …
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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 …
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Business News
Panama’s economic recovery strong, but growth to slow in 2023, IMF says
by Reutersby Reuters(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 …