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…
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…
(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…
(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.…
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…
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…
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,…
(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…
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…
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…
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.…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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,…
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,…
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…
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…