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…
Germany to drag on European growth this decade – Scope ratings agency
BERLIN (Reuters) – Germany will act as a drag on growth in Europe until at least 2030, as it faces pressure to address a declining workforce and sluggish investment, according to a…
Cummins sees double-digit revenue growth for fiscal 2023 on engine demand
(Reuters) – Cummins Inc on Monday forecast fiscal 2023 revenue growth between 12% and 17%, anticipating strong demand for its engines used in trucks and other heavy vehicles. The company, which benefited…
Czech car producers power industrial growth in 2022 to pre-pandemic levels
PRAGUE (Reuters) – Czech industrial output returned to pre-pandemic levels in 2022, growing 1.7%, data showed, mainly due to car production, which is likely to struggle this year from supply-chain bottlenecks. It…
Australia retail sales volumes dip in Q4, price growth slows
SYDNEY (Reuters) – Australian retail sales volumes fell for the first time in a year last quarter as shoppers trimmed spending on goods, a sign higher borrowing costs are finally working to…
Japan’s Q4 economic growth likely rebounded on tourism reopening
By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely returned to growth in the last quarter of 2022 as the country reopened to tourists, offsetting weakening corporate activity and exports amid darkening…
Euro zone business activity returned to growth in January – PMI
LONDON (Reuters) – Business activity in the euro zone bounced back to growth in January, according to a survey which suggested the bloc’s economy might again escape a contraction this quarter and…
Costa Rica’s economic growth seen slowing down this year
SAN JOSE (Reuters) – Costa Rica’s economic growth will likely slow this year, according to a central bank forecast released on Tuesday that also estimates faster growth in 2024. The central bank…
Indonesia’s 2023 GDP growth seen slowing slightly from 2022’s 5.2%-5.3% -Finance Minister
JAKARTA (Reuters) – Indonesia’s economy likely grew within a range of 5.2% to 5.3% in 2022, and a slight deceleration is expected this year due to slowing global growth, its finance minister…
IMF lowers Saudi 2023 growth forecast to 2.6%
DUBAI (Reuters) – The International Monetary Fund (IMF) has revised its 2023 growth forecast for Saudi Arabia, the world’s top oil exporter, significantly downwards on the back of lower expected output. Growth…
Squeezed mining companies face growth dilemma
By Clara Denina and Helen Reid JOHANNESBURG (Reuters) – High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to…
IMF slashes UK growth outlook, adding pressure on finance minister Hunt
LONDON (Reuters) – Britain is the only Group of Seven nation to have suffered a cut to its 2023 economic growth outlook in International Monetary Fund forecasts published on Tuesday, adding to…
Pace of Mexican economic growth likely slowed in fourth quarter: Reuters poll
MEXICO CITY (Reuters) – Mexico’s economic expansion likely dipped in the final three months of last year, at a time of sluggish production activity in the United States, a Reuters poll showed…
China’s 2022 fiscal revenue growth skids as COVID jolts economy
BEIJING (Reuters) – China’s fiscal revenue rose 0.6% in 2022 from a year earlier, slowing sharply from a 10.7% increase in 2021 due to huge tax rebates for businesses to support the…
China central bank to roll over lending tools to spur growth
BEIJING (Reuters) – China’s central bank said on Sunday it will roll over three lending tools to increase support for targeted sectors of the economy. The People’s Bank of China will roll…
Euro zone lending growth tumbles as higher rates bite
FRANKFURT (Reuters) – Bank lending to euro zone companies tumbled in December, effectively ending the sector’s biggest borrowing binge in more than a decade as rising interest rates and a possible recession…
Thai finance ministry maintains 2023 GDP growth outlook, sees more tourists
BANGKOK (Reuters) – Thailand’s finance ministry on Friday maintained its economic growth outlook for 2023 at 3.8%, helped by a rebound in tourism and domestic demand, but an official said exports would…
Colombia’s economy has high growth potential but cannot ditch oil, mining -IDB
BOGOTA (Reuters) – Colombia’s economy has high growth potential, boosted by agriculture, tourism and interconnectivity between different economic sectors, but will continue to depend on its oil and mining industries, a high-ranking…
German wholesales growth to halve in 2023 – trade association BGA
BERLIN (Reuters) – German wholesalers can expect sales growth to halve in 2023 after a jump last year fuelled by rising prices, the BGA wholesale and foreign trade association said in a…
Comcast revenue tops estimates amid cord-cutting, muted broadband growth
By Helen Coster and Eva Mathews (Reuters) – Comcast Corp’s fourth-quarter revenue beat Wall Street expectations on Thursday, as the media company saw continued demand at its theme parks and experienced modest…
Exclusive-Chile mine delays to slow copper growth; peak seen lower, later -regulator
By Fabian Cambero SANTIAGO (Reuters) – Copper production in Chile, the world’s largest producer of the red metal, will grow at a slower rate this decade than previously hoped, a government report…
UK economic forecaster to downgrade medium-term growth outlook – Times
LONDON (Reuters) – Britain’s official economic forecaster has told the government that it overestimated the prospects for medium-term growth and that it intends to revise down its outlook, the Times newspaper reported…
Albemarle calls for high lithium prices to fuel EV industry growth
By Ernest Scheyder (Reuters) -Albemarle Corp on Tuesday called for lithium prices to remain high indefinitely in order to help the mining industry develop new sources of the electric vehicle (EV) battery…
Europe’s revenue growth expected to slow to a crawl in Q4
LONDON (Reuters) – Revenue at Europe’s largest companies is expected to have risen by just 0.9% in the fourth quarter, Refinitiv I/B/E/S data showed on Tuesday, down from 27.4% in the third…
U.S. card firms’ growth to moderate as luxury buying falters
By Manya Saini and Niket Nishant (Reuters) – U.S. card companies are expected to post the slowest revenue growth in seven quarters, as consumers tighten their purse strings and avoid spending on…
India may peg nominal GDP growth at about 11% in 2023/24 budget- sources
By Shubham Batra and Aftab Ahmed (Reuters) – India is likely to peg its nominal gross domestic product (GDP) growth at around 11% in the annual budget next week, marking a slowdown…
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