DAVOS, Switzerland (Reuters) – Chinese Premier Li Qiang said on Tuesday the Chinese economy had rebounded and moved upward, and was estimated to have grown around 5.2% in 2023, above …
Growth
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(Reuters) – Goldman Sachs raised its 2024 U.S. GDP growth forecast to 2.3% from 2.1% expected earlier. “We expect much stronger GDP growth in 2024 than consensus and see a …
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By Kevin Yao BEIJING (Reuters) – China’s economic growth is likely to slow to 4.6% in 2024, and cool further to 4.5% in 2025, a Reuters poll showed, raising the …
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By Victoria Waldersee and Christina Amann BERLIN (Reuters) – BMW has passed the tipping point for combustion engine vehicle sales and now generates most sales growth from electric cars, its …
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By Olena Harmash KYIV (Reuters) – Ukraine’s economy grew by 5% in 2023 and will expand by 4.6% this year as a result of higher domestic consumption and expected growth …
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By Gergely Szakacs BUDAPEST (Reuters) – Protracted economic weakness in the euro zone could harm central Europe’s recovery prospects, a key risk that could ultimately put downward pressure on sovereign …
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By Nick Carey LONDON (Reuters) – Siemens expects high double-digit growth in electric chargers for bus fleets and trucks and to be in the top three companies in that rapidly …
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By David Lawder WASHINGTON (Reuters) – The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row, prolonging poverty …
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(Reuters) – Growth in the global electric-vehicle market is set to slow to 27.1% this year as a reduction in state subsidies makes the cars less appealing to buyers, according …
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(Reuters) – Early data indicates global oil consumption in December grew at the slowest pace in nine months, J.P. Morgan said in a note on Friday. The research firm, however, …
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WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that a “soft landing” in the U.S. economy was now underway and a sustained period of low inflation and …
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TORONTO (Reuters) – Canada’s economy gained a net 100 jobs in December, entirely in part-time work, and the jobless rate held at 5.8%, Statistics Canada data showed on Friday. Employment …
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By Shaloo Shrivastava BENGALURU (Reuters) – India’s services sector ended 2023 on a firm footing, with activity expanding at its fastest pace in three months in December on buoyant demand …
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By Manoj Kumar NEW DELHI (Reuters) – India is likely to project higher economic growth estimates of around 7% for the 2023/24 fiscal year ending in March, compared with earlier …
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DUBLIN (Reuters) – Growth in Ireland’s services sector slowed in December as higher prices tempered new business demand, but new exports and the outlook for future activity both improved, a …
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By Caroline Valetkevitch NEW YORK (Reuters) – U.S. corporate earnings should improve at a stronger clip in 2024 as inflation and interest rates come down, analysts predict, but worries about …
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BEIJING (Reuters) – China’s factory activity expanded at a quicker pace in December due to stronger gains in output and new orders, but business confidence for 2024 remained subdued, a …
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BEIJING (Reuters) – Chinese tech giant Huawei Technologies expects to report revenue exceeding 700 billion yuan ($98.5 billion) for 2023, according to comments from rotating chairman Ken Hu in an …
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By Alexander Marrow (Reuters) – Russia’s economic growth is set to slow in 2024, hampered in particular by double-digit interest rates throughout the year as the Bank of Russia seeks …
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TOKYO (Reuters) – Toshiba Corp sees power management chips as an immediate profit driver on the back of surging electric vehicle (EV) demand, its chief executive said on Friday, as …
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BRASILIA (Reuters) -Brazil’s National Monetary Council, the country’s top economic policy body, on Thursday set regulations on a measure passed in October to limit interest rates and financial charges in …
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(Reuters) – Payroll services provider Paychex reported its slowest rise in quarterly revenue in over two years on Thursday, hurt by tepid spending by businesses and a slower pace of …
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TOKYO (Reuters) – Japan’s government on Thursday slightly raised its economic growth projections for this fiscal year from its previous estimates, as external demand is likely to more than offset …
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BEIJING (Reuters) – China’s exports to North Korea swung back to growth in November from a decline in the previous month, Chinese customs data showed on Wednesday, as Pyongyang reopens …
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PANAMA CITY (Reuters) – Panama’s economic growth next year is now estimated at about 2.5%, down “in light of new scenarios,” Economy and Finance Minister Hector Alexander said on Tuesday. …