PARIS (Reuters) – France’s economy is on course for marginal growth in the first half of this year, the INSEE statistics agency said on Tuesday, adding that whether strikes over …
Growth
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BANGKOK (Reuters) – Thailand’s exports are likely to grow 1% to 2% this year, unchanged from a previous forecast, due to slowing global demand, the country’s shippers’ council said on …
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Business News
Japan Dec real wages post first rise in 9 months on 26-year-high nominal growth
by Reutersby ReutersTOKYO (Reuters) – Japan’s real wages rose in December for the first time since March despite rising inflation, as nominal pay grew at the fastest pace in nearly 26 years …
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By Brian Benza GABORONE (Reuters) – Botswana expects economic growth of 4% this year while targeting medium-term growth of 5.7%, and the government plans to ramp up infrastructure investment, its …
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Business News
Germany to drag on European growth this decade – Scope ratings agency
by Reutersby ReutersBERLIN (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 …
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Business News
Cummins sees double-digit revenue growth for fiscal 2023 on engine demand
by Reutersby Reuters(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, …
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Business News
Czech car producers power industrial growth in 2022 to pre-pandemic levels
by Reutersby ReutersPRAGUE (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 …
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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 …
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Business News
Japan’s Q4 economic growth likely rebounded on tourism reopening
by Reutersby ReutersBy 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 …
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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 …
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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 …
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Business News
Indonesia’s 2023 GDP growth seen slowing slightly from 2022’s 5.2%-5.3% -Finance Minister
by Reutersby ReutersJAKARTA (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 …
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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 …
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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 …
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Business News
IMF slashes UK growth outlook, adding pressure on finance minister Hunt
by Reutersby ReutersLONDON (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, …
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Business News
Pace of Mexican economic growth likely slowed in fourth quarter: Reuters poll
by Reutersby ReutersMEXICO 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 …
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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 …
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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 …
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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 …
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Business News
Thai finance ministry maintains 2023 GDP growth outlook, sees more tourists
by Reutersby ReutersBANGKOK (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 …
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Business News
Colombia’s economy has high growth potential but cannot ditch oil, mining -IDB
by Reutersby ReutersBOGOTA (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, …
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Business News
German wholesales growth to halve in 2023 – trade association BGA
by Reutersby ReutersBERLIN (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 …
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Business News
Comcast revenue tops estimates amid cord-cutting, muted broadband growth
by Reutersby ReutersBy 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 …
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Business News
Exclusive-Chile mine delays to slow copper growth; peak seen lower, later -regulator
by Reutersby ReutersBy 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 …
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Business News
UK economic forecaster to downgrade medium-term growth outlook – Times
by Reutersby ReutersLONDON (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 …