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…
WTO says trade growth likely to slow as demand weakens
GENEVA (Reuters) – The World Trade Organization said on Monday that its goods barometer had fallen below trend, indicating that trade growth was set to slow in the closing months of 2022…
Turkey’s economy grew 4% in Q3; 2022 growth seen at 5%: Reuters Poll
ISTANBUL (Reuters) – Turkey’s economy is expected to have expanded 4% in the third quarter and will grow 5% overall in 2022, a Reuters poll showed on Monday, after the central bank…
Euro zone credit growth remains brisk despite gloomy outlook
FRANKFURT (Reuters) – Bank lending to euro zone companies held steady, maintaining the sector’s biggest borrowing binge in over a decade, despite rising interest rates and a looming recession, European Central Bank…
Indian banks’ loan growth to accelerate despite higher interest rates -Fitch
BENGALURU (Reuters) – Loan growth at Indian banks will accelerate to 13% in this fiscal year despite the RBI raising interest rates, as economic activity picks up after a pandemic led lull,…
Malawi cuts 2022 growth forecast on power shortages and inflation
By Frank Phiri BLANTYRE (Reuters) -Malawi has lowered its 2022 growth forecast to 1.7% from 4.1% due to problems with power generation and rising inflation that have piled pressure on the economy,…
German Finance Minister: need stability and growth for sustainable public finances
PARIS (Reuters) – Economic stability and growth are both crucial for delivering sustainable public finances, German Finance Minister Christian Lindner told a news conference ahead of talks with his French counterpart on…
IMF forecasts Spain growth close to zero at turn of year
MADRID (Reuters) -The International Monetary Fund expects economic growth in Spain to slow in 2023 on higher prices and flagging demand before rebounding to pre-pandemic levels in 2024, it said on Wednesday…
Euro zone growth will likely be negative in Q4, inflation high, ECB’s De Guindos Says
MADRID (Reuters) – The euro zone economy will likely show negative growth rates in the fourth quarter while inflation will still remain high before starting to slow down in the first quarter,…
Bank of Korea to hike rates a modest 25bps on Nov 24 as growth slows- Reuters poll
By Devayani Sathyan and Anant Chandak BENGALURU (Reuters) – South Korea’s central bank will scale back its tightening pace on Thursday and hike rates by a modest 25 basis points amid signs…
Bolivia lowers 2023 growth projection as general strike goes on
LA PAZ (Reuters) – Bolivia’s economy is forecast to grow 4.8% in 2023, less than the 5.1% growth previously forecast, the government announced on Monday during the presentation of next year’s budget.…
Indonesia 2023 GDP growth may slow to 4.4% – central bank
JAKARTA (Reuters) – Indonesia’s annual economic growth may slow to 4.37% next year partly due to the impact of domestic monetary tightening, the country’s central bank (BI) governor told a parliamentary hearing…
Fitch affirms Mexico at ‘BBB-‘, notes “prudent” policies alongside muted growth
By Anthony Esposito MEXICO CITY (Reuters) – Fitch Ratings on Friday affirmed Mexico’s long-term local-currency and foreign-currency issuer default rating (IDR) at ‘BBB-‘, with a stable rating outlook. “Mexico’s rating is supported…
IMF cuts Nigeria 2022 growth forecast to 3%
By Anait Miridzhanian ABUJA (Reuters) -The International Monetary Fund has revised Nigeria’s 2022 real GDP growth forecast down to 3% from 3.4% earlier, citing weak oil production and the adverse effects of…
Analysis-Tough budget leaves UK’s growth challenge unmet
By William Schomberg and David Milliken LONDON (Reuters) – British finance minister Jeremy Hunt says higher taxes and curbs on spending are the price that must be paid to allow the economy…
China should set 2023 economic growth target no lower than 5% – central bank adviser
BEIJING (Reuters) – China should set its economic growth target no lower than 5% for 2023, Liu Shijin, a policy adviser to its central bank, said on Friday. The world’s second largest…
Vietnam considers raising cap on credit growth
HANOI (Reuters) – Vietnam will consider lifting the cap on its credit growth, its prime minister said, as the economy is facing pressure from higher interest rates and tightening credit conditions. The…
Goldman sees China’s real GDP growth rising to 4.5% in 2023
NEW YORK (Reuters) – China is likely to post real gross domestic growth (GDP) of 4.5% next year, largely due to the country’s gradual exit from its zero-COVID policy that could lead…
Credit Suisse wealth boss De Ferrari targets growth markets, tech boost
By Oliver Hirt, Noele Illien and Michael Shields ZURICH (Reuters) – Francesco De Ferrari, the head of Credit Suisse’s wealth management business, is focused on growth markets, high net worth clients and…
Tourism revival likely boosted Thailand’s GDP growth in Q3- Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – Thailand’s economy grew at its fastest pace in more than a year last quarter, boosted by a rebound in tourism and private consumption, but the outlook…
Exclusive-China advisers say they’ll recommend modest growth target for 2023
By Kevin Yao BEIJING (Reuters) – Chinese government advisers say they will recommend modest economic growth targets for next year ranging from 4.5% to 5.5% to an annual policymakers’ meeting, marking a…
Barclays cuts 2023 global growth forecast, expects weakest growth in four decades
(Reuters) – Barclays economists on Wednesday cut their global economic growth forecast for 2023 as inflation is seen unlikely to fall quickly, forcing monetary policy to be ‘restrictive’. The brokerage warned that…
Jordan’s economy posts faster growth despite global turmoil -IMF
By Suleiman Al-Khalidi AMMAN (Reuters) – Jordan’s growth has quickened in 2022 despite global economic turbulence, driven by strong progress in IMF-backed structural reforms that have cushioned the economy and strengthened macro-economic…
JPMorgan cuts China quarterly and full-year growth forecasts
LONDON (Reuters) – Investment bank JPMorgan cut its forecasts for economic growth in China on Tuesday due to the country’s ongoing COVID-19 restrictions. JPMorgan has lowered its projections a number of times…
Australia’s CBA Q1 profit jumps on lending growth, rising interest rates
By Sameer Manekar (Reuters) – Commonwealth Bank of Australia, the country’s largest bank, on Tuesday reported better-than-expected cash earnings for the first quarter, helped by lending growth and rising interest rates. Australian…
Buffett-backed Nubank’s revenue surges on robust customer growth
(Reuters) – Nu Holdings Ltd posted a near three-fold jump in third-quarter revenue on Monday, as the Warren Buffett-backed digital banking firm saw rapid customer growth in its key domestic Latin American…
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