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…
Brazil limits debt growth on revolving credit card lines
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 revolving credit…
Paychex’s quarterly revenue growth slows on weak client spending
(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 hiring, sending…
Japan government lifts economic growth estimates
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 weak domestic…
China’s exports to North Korea return to growth in November
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 its economy…
Panama lowers 2024 economic growth estimate to about 2.5%
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. Speaking at…
Greece passes 2024 budget forecasting higher growth
ATHENS (Reuters) – Greece approved its 2024 budget on Sunday, forecasting a rise in economic growth to 2.9% from 2.4% this year as a result of robust tourist revenues and EU funds…
CBO projects 1.5% U.S. GDP growth in 2024, 4.4% jobless rate
(Reuters) – The Congressional Budget Office projects U.S. economic growth to slow to 1.5% in 2024, with the unemployment rate seen rising to 4.4% next year from what it estimates will be…
Bank of Portugal cuts 2024 growth outlook, citing short-term uncertainty
LISBON (Reuters) – The Bank of Portugal on Friday lowered next year’s economic growth forecast to 1.2% from 1.5% it had set in October, in a slowdown from this year’s expected 2.1%…
Sri Lanka’s economy returns to growth, led by agriculture
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s economy grew by 1.6% in the quarter from July to September, official data showed on Friday, as the country claws its way back from…
Ukraine touts ambitions for chip manufacturing, AI growth
By Max Hunder KYIV (Reuters) – Ukraine set out ambitions on Thursday to develop high-tech industries, proposing future state support for the creation of a chipmaking industry and to build up artificial…
OECD sees long-term growth prospects almost halving in major economies
By Leigh Thomas PARIS (Reuters) – Growth is projected to almost halve in developed and big emerging market economies in the coming decades, requiring higher taxes to keep debt from rocketing, the…
World Bank cuts Thai growth outlook to 2.5% this year, 3.2% next year
BANGKOK (Reuters) – Thailand’s economic growth is expected at 2.5% this year before accelerating to 3.2% in 2024, supported by a recovery in tourism, exports and sustained private consumption, the World Bank…
Moody’s sees negative outlook for Latin American companies on high rates, low growth
BOGOTA (Reuters) – Non-financial industry companies in Latin America are facing a negative outlook for next year because of continued high interest rates, slow regional economic growth and projected low prices for…
Analysis-German budget fix to further crimp growth in 2024
By Maria Martinez BERLIN (Reuters) – Germany’s hastily agreed coalition pact to overcome a legal setback to its budget plans is based mainly on spending cuts that will drag further on already…
Russia’s Q3 GDP growth confirmed at 5.5% – Rosstat
MOSCOW (Reuters) – Russia’s gross domestic product (GDP) growth in the third quarter was confirmed on Wednesday at 5.5% compared with the same period last year, when it shrunk 3.5%, the state…
Factbox-Big investors spur consolidation, growth in EV charging sector
(Reuters) – Big companies in Europe, North America and Asia are investing in the fast-moving global EV charging industry, according to a Reuters analysis. That sector is undergoing rapid consolidation, with at…
Oracle tumbles as tepid forecast fans cloud growth concerns
(Reuters) – Oracle shares fell 9% in premarket trading on Tuesday as another quarter of below-expectations cloud sales and a bleak forecast amplified concerns over the pace of growth at the business…
French central bank sees fourth quarter growth of 0.1%
PARIS (Reuters) – The French economy will manage to just barely grow in the final quarter of this year, boosted by service sector activity, the French central bank estimated on Monday. The…
China car sales growth speeds up in November as price war intensifies
BEIJING/SHANGHAI (Reuters) -China’s passenger vehicle sales rose 25.5% in November from a year earlier, faster than the prior month and extending growth to a fourth month, industry data showed on Friday, as…
Putin: Russia becoming ‘new global growth centre’ as West ‘rests on laurels’
MOSCOW (Reuters) -President Vladimir Putin said on Thursday that economic isolation from the West was only helping Russia to become a new growth centre in a world entering a period of radical…
Slowing China trend growth means better opportunities elsewhere – BlackRock Investment Institute
LONDON (Reuters) – Slowing trend growth in China means there are better investment opportunities in emerging markets outside the world’s number two economy, senior executives at BlackRock Investment Institute (BII) said on…
Thai business group keeps 2023 growth forecast at 2.5%-3.0%
BANGKOK (Reuters) – Thailand’s economy is expected to grow 2.5% to 3.0% this year, unchanged from a previous forecast, a leading joint business group said on Wednesday. Tourism revenue will be lower…
PNC sees growth opportunity in capital-led market disruptions
By Nupur Anand NEW YORK (Reuters) – PNC Financial Services CEO William Demchak on Tuesday said that the market disruptions caused by the Basel III endgame proposal is an opportunity for the…
India Nov services growth softens but still solid
By Shaloo Shrivastava BENGALURU (Reuters) – India’s dominant services sector stayed strong in November but expanded at its slowest pace in a year as demand softened despite cooling inflationary pressures, a private…
Australia trade drags on Q3 growth, government spending a boost
By Wayne Cole SYDNEY (Reuters) – Australia’s current account slid into deficit in the September quarter as prices for some commodity exports fell and locals spent more money abroad, leaving trade as…
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