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…
Former Goldman Sachs CEO Blankfein says US banking crisis will slow growth
By Kanishka Singh WASHINGTON (Reuters) – Former Goldman Sachs CEO Lloyd Blankfein said on Sunday the banking crisis in the United States was going to expedite overall credit tightening and slow the…
OECD hikes growth outlook, but warns recovery fragile
By Leigh Thomas PARIS (Reuters) – The global economic outlook has improved from a few months ago as the inflation shock eases but rising interest rates will keep risks high, the OECD…
Peru’s economy shrank in January after nearly two years of growth
(Reuters) – Peru’s gross domestic product contracted 1.12% in January compared with the same month a year before, official data showed on Wednesday, marking the first contraction in 22 months as anti-government…
Germany’s IfW predicts 0.5% GDP growth in 2023 amid stubbornly high inflation
BERLIN (Reuters) – Germany’s IfW economic institute said on Wednesday it did not expect a strong economic recovery in 2023 due to continued losses in consumer purchasing power as a result of…
China battery giant CATL reports slower Q4 profit growth
SHANGHAI (Reuters) – Chinese battery giant CATL posted sharply slower growth in fourth quarter net profit, after COVID-19 outbreaks and consumer caution hit electric vehicle (EV) demand in the world’s largest auto…
Prada sees solid revenue growth for 2023 after beating expectations last year
MILAN (Reuters) -Italy’s Prada said on Thursday it expects revenue growth to outpace rivals this year, after sales exceeded analyst expectations in 2022 thanks to a strong performance in Europe. The luxury…
Bank of Korea expects monetary tightening to weigh more heavily on growth this year
SEOUL (Reuters) – South Korea’s central bank said the lagged effects of its aggressive streak of monetary tightening would have a bigger negative impact on economic growth this year than in 2022.…
Brazil tax reform seen boosting long-term economic growth, official says
BRASILIA (Reuters) – A proposed tax reform in Brazil will likely generate additional economic growth of 12% over the next 15 years, the special secretary for tax reform, Bernard Appy, said on…
Euro zone economic growth trimmed to zero q/q at end of 2022
BRUSSELS (Reuters) – The euro zone failed to register any growth quarter-on-quarter in the final three months of 2022, European statistics agency said on Tuesday, slightly revising down both its GDP and…
British labour market, and pay growth, slow in February – REC
By Suban Abdulla LONDON (Reuters) – Britain’s labour market showed further signs of cooling as permanent job placements fell for the fifth month in a row in February and pay growth slowed,…
Lego looks to build on 2022 sales growth with more China stores
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Toymaker Lego said store openings in China and strong demand in Western Europe and the Americas had delivered 17% sales growth in 2022, adding that it…
Ukraine economy ministry cuts 2023 GDP growth forecast to 1% – Interfax
KYIV (Reuters) – Ukraine’s economy ministry has lowered its GDP growth forecast for 2023 to 1%, the Interfax Ukraine news agency quoted a deputy minister as saying on Monday. The ministry had…
China sets slightly lower annual GDP growth target – government report
BEIJING (Reuters) – The Chinese government on Sunday set a slightly lower annual economic growth target compared with last year’s goal, as the world’s second-biggest economy began to emerge from three years…
US fourth-quarter labor costs revised higher; productivity growth lowered
WASHINGTON (Reuters) – U.S. labor costs grew faster than initially thought in the fourth quarter, though the pace has slowed from the prior quarters. Unit labor costs – the price of labor…
Exclusive-China increasingly ambitious with 2023 growth target, may aim for up to 6%-sources
By Kevin Yao BEIJING (Reuters) – China is becoming increasingly ambitious with its 2023 growth target, aiming potentially as high as 6%, in a bid to boost investor and consumer confidence and…
WTO sees short-lived slowdown of global goods trade growth
GENEVA (Reuters) – Global merchandise trade growth slowed at the end of 2022 and was likely to remain weak in the first quarter of this year, the World Trade Organization said on…
Italy posts firm growth in 2022, but budget deficit overshoots
By Antonella Cinelli and Valentina Consiglio ROME (Reuters) – Italy posted firm economic growth of 3.7% last year but the budget deficit far exceeded official forecasts due to the cost of tax…
Euro zone factory output returned to growth in February -PMI
LONDON (Reuters) – Overall activity in the euro zone’s manufacturing sector contracted again in February but output increased for the first time since May as supply chains continued to heal, a survey…
Italy’s manufacturing sector sees growth pick up in Feb -PMI
ROME (Reuters) – Growth in Italy’s manufacturing sector gathered speed in February, helped by a rise in output and a return to expansion of new orders as inflation fears recede, a survey…
China Feb non-manufacturing activity extends growth – official PMI
BEIJING (Reuters) – China’s non-manufacturing activity grew at a faster pace in February, official data showed on Wednesday, suggesting that economic recovery is well underway following the abandonment of COVID curbs in…
Swiss economic growth flat in Q4 as exports and manufacturing drop
ZURICH (Reuters) – The Swiss economy showed no growth in the fourth quarter of 2022, the government said on Tuesday, as a “challenging international situation” hit manufacturing and exports. The 0% growth…
Germany sees more signs of employment growth – IAB survey
BERLIN (Reuters) – Employment agencies are increasingly upbeat about the German labour market despite the challenging economic environment, according to a survey by the Institute for Employment Research (IAB) published on Monday.…
Philippines growth to hit at least 6% this year
MANILA (Reuters) – Economic growth in the Philippines will reach at least 6% this year, the central bank governor said on Monday, consistent with the government’s 6%-7% target for 2023. Bangko Sentral…
Telefonica hits earnings targets, forecasts steady growth
MADRID (Reuters) – Spain’s Telefonica forecast steady revenue and earnings growth for 2023, sending the telecom firm’s shares higher on Thursday after it posted on-target numbers for last year. Telefonica said it…
Ray-Ban maker EssilorLuxottica’s sales rise on solid European growth
(Reuters) -Luxury eyewear maker EssilorLuxottica on Thursday reported a rise in fourth-quarter revenues, citing sound growth amid a challenging environment, but its performance in China declined because of COVID-19 restrictions. The maker…
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