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…
UAE expects GDP growth of 6.5% this year, beyond 7% next year
DUBAI (Reuters) – The UAE’s GDP is expected to grow 6.5% this year, and more than 7% next year, the country’s economy minister said on Thursday. (Reporting by Yousef Saba, writing by…
BAT expects full-year sales growth of 2-4% on e-cigarette, oral nicotine push
LONDON (Reuters) – British American Tobacco said on Thursday it expects full-year revenue growth of between 2% and 4% at constant currency rates, as more people are using its e-cigarettes and oral…
Kenya’s economic growth to slow to 5% next year, World Bank says
NAIROBI (Reuters) – Kenya’s economic growth will slow down to 5% next year from an estimated 5.5% this year, the World Bank said on Thursday, as the rebound from the impact of…
Euro zone economic growth revised up with household, business support
BRUSSELS (Reuters) – Euro zone gross domestic product (GDP) grew by slightly more than initially estimated, data from the European statistics agency Eurostat showed on Wednesday, with household spending and business investment…
UAE non-oil private sector growth slows amid global headwinds – PMI
DUBAI (Reuters) – The United Arab Emirates’ non-oil private sector grew in November at its slowest pace since January, as signs emerged that concern over a global slowdown weighed on sales and…
India’s central bank set to raise rates; outlook on growth, inflation in focus
By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points on Wednesday as inflation continues to stay above…
Swedbank sees income growth outpacing costs as eyes set on ROE boost
STOCKHOLM (Reuters) – Swedbank said on Tuesday it would grow average annual income by 3 percentage points more than costs as it looked to boost returns on equity by 2025, driven by…
Italy statistics bureau slashes 2023 growth forecast amid downside risks
By Francesca Piscioneri ROME (Reuters) – Italy’s economy will grow by 0.4% next year, national statistics bureau ISTAT said on Tuesday, slashing a 1.9% projection made in June and warning of several…
Philippines on track to lose growth momentum in 2023 – World Bank
MANILA (Reuters) – The Philippine economy is expected to lose momentum in 2023 with the pace of expansion set to slow to 5.7% as soaring inflation and higher interest rates crimp domestic…
Vietnam central bank raises cap on 2022 credit growth
HANOI (Reuters) -Vietnam’s central bank said on Monday it had raised its 14% cap on the local banking system’s credit growth for this year by 1.5-2.0 percentage points. The move comes after…
India’s Nov services activity growth hit 3-month high, high inflation a concern
By Indradip Ghosh BENGALURU (Reuters) – India’s services activity grew at its quickest pace in three months in November on strong demand, lifting optimism to its highest in eight years, according to…
Job Growth Shatters Expectations In November As Labor Market Stays Tight
Job Growth Shatters Expectations In November As Labor Market Stays Tight John Hugh DeMastri on December 2, 2022 The U.S. added 263,000 jobs in November, according to the Bureau of Labor Statistics…
Volvo Cars’ sales growth accelerates to 12% in November
STOCKHOLM (Reuters) – Sweden-based Volvo Car AB said on Friday its sales grew 12% year-on-year in November to 59,154 cars. “Overall underlying demand for the company’s cars continues to remain robust, especially…
China central bank says to support growth, sees moderate inflation in 2023
BEIJING (Reuters) – China’s central bank will focus on supporting the slowing economy, People’s Bank of China Governor Yi Gang said on Friday, adding that domestic consumer inflation is likely to stay…
Wizz Air ‘is not a good candidate’ for M&A, will focus on organic growth- CEO
LONDON (Reuters) – Wizz Air “is not a good candidate” for mergers and acquisitions, but will focus on organic growth for the time being, its Chief Executive Jozsef Varadi said on Thursday.…
U.S. private payrolls growth slows in November-ADP
WASHINGTON (Reuters) – U.S. private payrolls increased far less than expected in November, suggesting demand for labor was cooling amid high interest rates, a survey showed on Wednesday. Private employment increased by…
Portugal’s Q3 growth accelerates with consumption but future not shining
By Sergio Goncalves LISBON (Reuters) – Portugal’s economy expanded 0.4% in the third quarter from 0.1% in the previous quarter, boosted by higher private consumption despite inflation at three-decade highs, but exports…
Turkey’s economic growth slows to 3.9% in Q3 as foreign demand falls
By Nevzat Devranoglu and Ali Kucukgocmen ANKARA (Reuters) – Turkey’s economy expanded 3.9% in the third quarter from a year ago, according to official data released on Wednesday, though growth slowed from…
India annual GDP growth to slow in Sept quarter as COVID effect fades
By Aftab Ahmed NEW DELHI (Reuters) – Annual growth in the Indian economy likely slowed in the July-September quarter as COVID distortions faded, economists said ahead of GDP data due on Wednesday…
Thai economy may miss forecast next year as global growth slows -Finance Minister
BANGKOK (Reuters) – Thailand’s economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but this year’s outlook should still be achieved, the finance minister…
Swiss GDP growth lags expectations in Q3
ZURICH (Reuters) – The Swiss economy grew a real 0.2% in the third quarter versus the second three months of 2022 and 0.5% year-on-year, official data showed on Tuesday, lagging market expectations.…
Global shipping growth at risk from economic gloom, UNCTAD says
By Jonathan Saul LONDON (Reuters) – The pace of global shipping activity is set to lose steam next year as economic turmoil, conflict in Ukraine and the impact of the pandemic weaken…
S&P Global lowers 2023 growth forecast for emerging markets
(Reuters) – S&P Global Ratings lowered its 2023 growth forecast for emerging economies on Tuesday, citing persistent pressures from the Russia-Ukraine conflict, a lingering COVID-19 pandemic and tight monetary policy conditions. The…
Taiwan central bank: ‘Flexible’ monetary policy will help maintain stability, growth
TAIPEI (Reuters) – Taiwan’s central bank’s “flexible” monetary policy structure during a period of high uncertainty can help maintain price and financial stability as well as economic growth, its governor Yang Chin-long…
Egypt’s economic growth at 4.4% in Q1 of FY 2022/23 – cabinet
CAIRO (Reuters) – Egypt posted economic growth at 4.4% in Q1 of the fiscal year 2022/23, a cabinet statement said on Monday. The employment rate rose slightly to 7.4% in Q1 against…
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