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…
Lego posts strong growth on robust demand, new store openings
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Lego on Wednesday posted double-digit sales growth in the first half of the year, driven by new store openings and robust demand for its colourful plastic…
Canopy Growth to divest Canadian retail operations
(Reuters) -Canopy Growth Corp said on Tuesday it will divest its retail business across Canada, as the pot producer steps up efforts to turn profitable. The business includes stores operating under the…
IMF urges caution as oil-rich Guyana’s economic growth nears 60%
(Reuters) – Guyana’s economic growth could reach close to 60% this year, the International Monetary Fund said in a statement on Tuesday, urging cautious policies even as the tiny South American nation…
J.P. Morgan ups Mexican economic growth forecast on manufacturing boost
MEXICO CITY (Reuters) – J.P. Morgan analysts raised their economic growth forecast for Mexico’s third quarter gross domestic product (GDP), as well as for 2022, after August trade data signaled a stronger…
Italy sees 2023 deficit below 5% of GDP despite slashing growth outlook, sources say
By Giuseppe Fonte ROME (Reuters) – Italy sees its 2023 budget deficit below 5% of national output despite a darkening economic outlook triggered by the energy crisis, three sources close to the…
Ferguson expects 2023 net sales growth in low single digits
(Reuters) – Ferguson Plc, a U.S.-focused plumbing supplies provider, said on Tuesday its net sales growth for fiscal 2023 was expected to be in low single digits after reporting a rise in…
World Bank forecasts Thai GDP growth at 3.1% this year
BANGKOK (Reuters) -Thailand’s economy is expected to grow 3.1% this year, higher than a forecast in June of 2.9%, supported by private consumption and exports, the World Bank said on Tuesday. However,…
World Bank cuts 2022 East Asia growth outlook, cites China slowdown
MANILA (Reuters) – Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China’s slowdown, but the pace of expansion will pick up next year, the World…
Italy to slash 2023 growth forecast to just above 0.5%, sources say
By Giuseppe Fonte ROME (Reuters) – Mario Draghi’s outgoing Italian government is preparing to cut its growth estimate for 2023 to just above 0.5% as the energy crisis weighs on the euro…
St. John Launches Restaurant Consultancy, Store by Store, to Drive Retail Growth
Industry veteran Jenifer Boyd Harmon is leading agency spinoff as executive vice president and will advise QSR, fast-casual and casual brands on how to tap into additional growth potential (PRESS RELEASE) St.…
Swiss Q2 current account narrows, reserve asset growth slows
ZURICH (Reuters) – Switzerland’s second-quarter current account surplus narrowed by nearly 1 billion Swiss francs to 11 billion Swiss francs ($11.23 billion), the Swiss National Bank (SNB) said on Friday. The SNB…
Factbox-Britain sets out tax cuts and other measures to boost growth
LONDON (Reuters) – Britain’s new finance minister Kwasi Kwarteng unveiled a slew of measures on Thursday including the reversal of an increase in payroll tax in an effort to boost economic growth.…
U.S. growth funds squeezed by rate hike worries
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – U.S. growth funds are experiencing massive outflows this year due to rising interest rates, with the Federal Reserve’s resolve to keep hiking to tame…
Malaysia says 2023 economic growth to be lower than 2022
KUALA LUMPUR (Reuters) – Malaysia’s economy will grow at a slower pace in 2023 compared to this year, finance minister Tengku Zafrul Aziz said in a statement on Wednesday. Zafrul cited slowing…
Rate hikes, Ukraine war, China woes dim Asia growth outlook – ADB
By Enrico Dela Cruz MANILA (Reuters) – The Asian Development Bank (ADB) on Wednesday cut its growth forecasts for developing Asia for 2022 and 2023 amid mounting risks from increased central bank…
Apple helps Taiwan export orders resume growth in August, outlook mixed
TAIPEI (Reuters) -Taiwan’s export orders unexpectedly expanded in August on strong demand for technology and new consumer electronics product launches like iPhones even as the island’s largest market China faced continued headwinds.…
Switzerland cuts growth forecasts given energy risks, inflation
ZURICH (Reuters) -The Swiss government significantly cut its economic growth forecasts on Tuesday, citing growing risks from a “tense energy situation and sharp price increases”. It now expects the country’s economy to…
Finland cuts 2023 GDP growth forecast, eyes recession risk
HELSINKI (Reuters) -Finland’s finance ministry on Monday cut its economic growth forecast for 2023 and said the country was at risk of a recession. The ministry now predicts gross domestic product (GDP)…
India economic growth to be sustained by consumer spending rebound, says govt review
MUMBAI (Reuters) – A sharp rebound in consumer spending and rising employment will sustain economic growth in India in the months ahead, the government said in its monthly economic review for August…
India’s RBI says front-loaded rate hikes needed to tame inflation, shield growth
By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India said on Friday it will have to front-load its monetary policy to fight stubborn inflation and shield medium-term growth in the…
ECB’s Lagarde says price stability priority before growth
PARIS (Reuters) -The European Central Bank’s action may weigh on growth but price stability is the main priority, President Christine Lagarde said on Friday at an event with French high school students.…
Peru’s GDP expands 1.41% in July as growth pace slows
LIMA (Reuters) – Peru’s economy expanded 1.41% in July compared with the year before, the government said on Thursday, feeling the effects of a slowdown in the key mining sector. The country’s…
Brazil’s economic activity index beats forecast with 1.2% growth in July
BRASILIA (Reuters) – Economic activity in Brazil rose much higher than expected in July, a central bank index showed on Thursday, reinforcing forecasts for a more robust expansion this year, driven by…
France cuts 2023 growth outlook to 1%, but sees deficit target intact
PARIS (Reuters) – The French government is lowering the country’s 2023 economic growth outlook, but sees no need to revise its budget deficit target as a result, Finance Minister Bruno Le Maire…
Africa losing up to 15% of GDP growth to climate change – AfDB
JOHANNESBURG (Reuters) – Africa is losing 5% to 15% of its per capita economic growth due the effects of climate change and is facing a gaping climate finance shortfall, according to the…
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