German economy to resume growth after 2023 contraction -EU Commission
BERLIN (Reuters) – The German economy is expected to shrink by 0.3% this year, as a loss in purchasing power due to high inflation and …
Growth
EU exec cuts euro zone 2023 growth forecast, sees rebound in 2024
By Jan Strupczewski BRUSSELS (Reuters) – The euro zone economy will grow more slowly this year than previously expected, but will avoid a technical recession …
Italy govt 2023 GDP growth target could be revised downwards, Finance Minister says
ROME (Reuters) – Italy’s government could revise downwards its growth target for this year which was set at 0.8% in September, Economy Minister Giancarlo Giorgetti …
US rate cut not seen until Q4 2024 due to strong GDP growth -Goldman economists
By Lewis Krauskopf NEW YORK (Reuters) – The U.S. Federal Reserve will hold off cutting rates until the fourth-quarter of next year, according to Goldman …
Bank of Italy sticks to 0.7% 2023 GDP growth forecast despite expected weak Q4
ROME (Reuters) – Itay can still achieve economic growth of 0.7% this year despite an expected weak fourth quarter, the country’s central bank said on …
APEC’s growth to slow as persistent inflation, US-China tensions weigh-report
By David Lawder SAN FRANCISCO (Reuters) – Economic growth among Asia Pacific Economic Cooperation countries is expected to decline next year and remain below the …
China can raise 2024 budget deficit ratio to spur growth – central bank adviser
BEIJING (Reuters) – China can raise its budget deficit ratio next year to support the economic recovery because there is still space for the central …
Twilio forecasts fourth-quarter profit above estimates on active customer accounts growth
(Reuters) – Cloud service provider Twilio on Wednesday forecast fourth-quarter profit above Wall Street estimates on an increase in its active customer accounts. The company’s …
Camden’s Urban Enterprise Zone Boosts Small Business Growth with Over $2M Investment
TRENTON, NJ — The Urban Enterprise Zone Authority (UEZA), under the New Jersey Department of Community Affairs, has announced significant advancements in Camden’s economic landscape, …
US holiday sales growth to slow as inflation pinches wallets – report
By Ananya Mariam Rajesh and Deborah Mary Sophia (Reuters) – U.S. holiday sales in 2023 are expected to rise at the slowest pace in five …
Fox Corp tops quarterly revenue estimates on growth in television segment
(Reuters) -Fox Corp beat first-quarter revenue estimates on Thursday, as it benefited from higher affiliate fees in its television segment that includes its news network. …
PayPal allays growth fears after raising annual profit forecast
By Manya Saini (Reuters) -PayPal Holdings raised its forecast for full-year adjusted profit above Wall Street estimates on Wednesday, with executives striking an optimistic tone …
Prudential Financial’s third-quarter profit boosted by US unit growth
(Reuters) – Prudential Financial reported a rise in third-quarter adjusted profit on Wednesday, as the insurer’s U.S. unit logged strong growth driven by higher net …
Factbox-The U.S. African Growth and Opportunity Act (AGOA)
By Nellie Peyton (Reuters) – South Africa will host the annual African Growth and Opportunity Act (AGOA) Forum in Johannesburg from Nov 2-4 to discuss …
Assurant Q3 profit surges on growth in global housing unit, investment returns
(Reuters) – Insurer Assurant reported a surge in third-quarter adjusted profit on Tuesday, helped by the strong performance of its global housing unit and higher …
US annual home price growth accelerates again in August
(Reuters) -U.S. annual home price growth accelerated for a third straight month in August, underscoring the recovery of the housing market after a period of …
Euro zone Q3 GDP growth weaker than expected
BRUSSELS (Reuters) – Euro zone economic growth was weaker than expected in the third quarter, a flash estimate showed on Tuesday, with gross domestic product …
South Korea economic growth to exceed potential rate in 2024, Yoon says
SEOUL (Reuters) – South Korean President Yoon Suk Yeol said on Tuesday the economy in 2024 would exceed the potential growth rate after picking up …
Public Storage raises forecast for full-year revenue growth on higher occupancy
(Reuters) – Public Storage on Monday raised its full-year outlook for revenue growth and core funds from operation (FFO) per share, on higher move-in volumes …
Taiwan Q3 economic growth seen picking up pace on domestic consumption- Reuters poll
TAIPEI (Reuters) – Taiwan’s trade-dependent economy likely grew faster in the third quarter than the second thanks to resilient domestic consumption and a tentative rebound …
Spotify posts quarterly profit, user growth beats expectations
By Supantha Mukherjee STOCKHOLM (Reuters) – Spotify on Tuesday swung to a quarterly profit aided by price hikes in its streaming services and growth in …
China Jan-Sept fiscal revenue growth slows amid shaky recovery
BEIJING (Reuters) – China’s fiscal revenue grew 8.9% in the first nine months, decelerating from a 10% gain in January-August, official data showed, as its …
Stellantis aims to rival Ford in commercial vehicles with sales growth
By Giulio Piovaccari BALOCCO, Italy (Reuters) – Automaker Stellantis aims to increase sales of its light commercial vehicles (LCV) by 25% through 2027 to catch …
Marketmind: US growth topping China as megacaps report
A look at the day ahead in U.S. and global markets from Mike Dolan The two biggest economies in the world are both beating forecasts …
Analysis-China’s growth surprise is not tempting investors
By Rae Wee and Summer Zhen SINGAPORE (Reuters) – September data from China offered plenty of welcome surprises, with faster-than-expected growth, falling unemployment and a …
IMF says China property slowdown will weigh on Asia’s growth
By Xinghui Kok SINGAPORE (Reuters) – The International Monetary Fund (IMF) downgraded its 2023 and 2024 growth forecasts for China, saying its recovery was “losing …
China’s Q3 GDP seen slowing as Beijing races to revive growth
By Kevin Yao BEIJING (Reuters) – China’s economy likely slowed in the third quarter, data is expected to show on Wednesday, weighed by persistently weak …
US retail sales beat expectations in boost to third-quarter GDP growth expectations
WASHINGTON (Reuters) -U.S. retail sales increased more than expected in September as households stepped up purchases of motor vehicles and spent more at restaurants and …
Bank of England’s Dhingra sees weaker wage growth, lower inflation
By David Milliken LONDON (Reuters) – Recent labour market data shows a softening economy which is likely to lead to slower wage growth and reduced …
Goldman Sachs lifts Europe Inc’s 2023 profit growth forecast to 3%
(Reuters) – Goldman Sachs said on Tuesday it expects earnings for companies in the pan-European STOXX 600 index to grow 3% in 2023, compared with …
TSMC third-quarter profit to slide 30%, focus on how much growth to come
By Sarah Wu and Ben Blanchard TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd is expected to report a 30% slump in third-quarter profit on …
China’a Q3 GDP growth seen slowing to 4.4% as headwinds persist: Reuters poll
By Kevin Yao BEIJING (Reuters) – China’s economy is expected to have slowed in the third quarter as demand at home and abroad faltered, but …
Vietnam lawmakers expect country to miss 2023 GDP growth target
HANOI (Reuters) – Vietnam is expected to miss this year’s economic growth target, the country’s lawmaking body said on Monday. “The manufacturing sector, the country’s …
IMF: Russia’s war spending fuels short-term growth, longer-term outlook ‘dim’
By Alexander Marrow (Reuters) – Huge fiscal spending on the military is fuelling short-term economic growth in Russia, but looking at the longer term picture …
Italy central bank cuts GDP growth forecast for 2023 and 2024
ROME (Reuters) – The Italian economy will grow by 0.7% in 2023 and by 0.8% next year, the country’s central bank said on Friday, revising …
China’s export, import growth with Russia quickens in September
BEIJING (Reuters) – The growth of China’s exports and imports with Russia on a year-on-year basis quickened in September from August, China’s customs data showed …
IEA, OPEC predictions of 2024 oil demand growth diverge further
By Alex Lawler and Natalie Grover LONDON (Reuters) – The gap between two leading oil forecasters’ views on 2024 demand growth widened on Thursday, with …
OPEC sticks to 2024 oil demand growth forecast
By Alex Lawler LONDON (Reuters) – OPEC on Thursday stuck to its forecast for relatively strong growth in global oil demand in 2023 in 2024, …
Middle East growth to recover in 2024 but structural issues to weigh – IMF
By Rachna Uppal DUBAI (Reuters) – Economic growth in the Middle East and North Africa region is expected to accelerate in 2024 after a slowdown …
South Korea household debt growth slows in September
SEOUL (Reuters) – South Korea’s household borrowing grew in September for a sixth straight month, but by a smaller amount than the month before, central …
Brazil’s Finance Ministry views limit for credit card debt growth as reasonable
BRASILIA (Reuters) – Brazil’s Finance Ministry says the measures stipulated in a recent legislation aimed at diminishing credit card revolving interest rates are a rational …
Embraer to meet 2023 delivery outlook, sees similar growth next year -CEO
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian planemaker Embraer is confident it will meet its outlook for aircraft deliveries in 2023, seen growing by …
Portugal eyes small budget surplus in 2024 despite slowing growth
By Sergio Goncalves LISBON (Reuters) – Portugal unveiled its draft 2024 budget on Tuesday, projecting a surplus of 0.2% of GDP despite a further economic …
Industries That Once Powered New Jersey’s Financial Growth Are Now Relics of the Past
New Jersey, often called the “Garden State,” has a rich industrial history that has undergone significant transformations over the years. While the state is known …
IMF cuts Saudi Arabia’s growth forecast to 0.8% for 2023
DUBAI (Reuters) – The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2023 to 0.8% and estimated growth of 4% …
IMF lifts Latam, Caribbean 2023 GDP growth estimate to 2.3%
(Reuters) – The International Monetary Fund raised its 2023 output growth estimate for Latin America and the Caribbean to 2.3% from July’s 1.9% due to …
UK set to have weakest growth among G7 in 2024, IMF forecasts
LONDON (Reuters) – Britain is set to have the slowest-growing economy among the Group of Seven nations next year – when the country is likely …
IMF raises Ukraine’s economic growth outlook to 2% in 2023
KYIV (Reuters) – The International Monetary Fund has revised its forecast for Ukraine’s economic growth this year up to 2%, and expects its gross domestic …
IMF raises India’s FY24 GDP growth forecast to 6.3% – report
MUMBAI (Reuters) -India’s economic growth forecast for the current fiscal year has been raised to 6.3% from 6.1% earlier, the International Monetary Fund said in …
IMF lowers Russia 2024 GDP growth forecast to 1.1%
(Reuters) – Russia’s economy will grow by 1.1% in 2024, slower than previously forecast, the International Monetary Fund said, after significant spending and resilient consumption …