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…
Irish services sector growth quickens for first time since April -PMI
DUBLIN (Reuters) – Growth in Ireland’s services sector accelerated last month for the first time since April as new business increased and exports rebounded, a survey showed on Tuesday. The AIB Global…
Russian factory growth steadies as new export orders drop -PMI
(Reuters) – Activity in Russia’s manufacturing sector grew at the same pace in November as in October, even as new export orders contracted for the first time since July, a business survey…
Tokyo core CPI growth seen slowing to 2.5% in November: Reuters poll
By Satoshi Sugiyama TOKYO (Reuters) – Core consumer inflation in Japan’s capital Tokyo likely grew in November but at slower pace than the month before, a Reuters poll of economists showed on…
India factory growth accelerated in November, input costs at 40-month low -PMI
By Anant Chandak BENGALURU (Reuters) – India’s manufacturing growth accelerated last month after a recent blip, supported by robust demand, according to a private survey that also showed input costs rose at…
Fed’s Bostic sees slower growth, falling inflation pressures
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on Wednesday he expects U.S. growth to slow and inflation to continue to ease on…
Russian industrial output growth slows as unemployment drops to record low
By Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – Russia’s industrial output growth slowed in October as the unemployment rate dropped to a record low 2.9%, federal statistics showed on Wednesday, with…
German GDP to expand in 2024, but court ruling could lower growth – OECD
BERLIN (Reuters) – The German economy is projected to grow by 0.6% in 2024 and 1.2% in 2025, after contracting slightly in 2023, according to forecasts from the Organisation for Economic Cooperation…
US minority-owned businesses have $1.3 trillion growth potential, JPMorgan says
By Nupur Anand NEW YORK (Reuters) – Mid-sized U.S. businesses owned by minorities have untapped revenue potential worth $1.3 trillion annually, JPMorgan Chase found in a study on a segment where major…
Chinese firms set for best earnings growth in seven years in 2024
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Chinese firms are on track for their strongest earnings expansion in seven years in 2024, LSEG estimates based on analysts’ expectations for government measures…
Thailand to lower 2023 growth forecast after weak Q3
BANGKOK (Reuters) – Thailand’s previous 2023 economic growth forecast of 2.7% will be lowered after a weaker-than-expected third quarter, Deputy Finance Minister Krisada Chinavicharana said on Monday. Southeast Asia’s second-largest economy expanded…
Nigeria Q3 growth steady at about 2.5% as oil sector contraction slows
By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s economy grew by 2.54% in the third quarter, largely steady from the 2.51% in the second quarter, data showed on Friday, as the oil sector contracted…
Israel’s economic growth to slow to 2% in 2023 due to war -finance ministry
By Steven Scheer JERUSALEM (Reuters) -Israel’s economy is expected to grow 2% in 2023, down from a prior estimate of 2.7%, the Finance Ministry said on Thursday citing the effects of Israel’s…
Analysis-Britain’s growth bet on pension pots a long haul task
By Huw Jones and Carolyn Cohn LONDON (Reuters) – Britain’s plans for nudging billions of pounds of pension cash into new UK companies to boost growth and increase stock market listings leave…
UK budget watchdog revises down medium-term growth potential
LONDON (Reuters) – Britain’s Office for Budget Responsibility revised down its estimate of the country’s medium-term potential growth rate to 1.6% from 1.8%, as an ageing population works shorter hours on average…
Exclusive-China govt advisers call for steady growth target in 2024, more stimulus
By Kevin Yao BEIJING (Reuters) – Chinese government advisers will recommend economic growth targets for next year ranging from 4.5% to 5.5% to an annual policymakers’ meeting, as Beijing seeks to create…
Global smartphone market sees growth after over 2 years in October – Counterpoint
(Reuters) – The global smartphone market returned to growth in October after more than two years of slump, helped by a recovery in the emerging markets, according to data from Counterpoint Research.…
Brazil’s government trims 2023 GDP growth estimate
BRASILIA (Reuters) – Brazil’s Finance Ministry lowered its forecast for the country’s economic growth for this year and 2024, a report by its economic policy secretariat showed on Tuesday. The ministry now…
Mexico stocks to gain further in 2024 on faster economic growth: Reuters poll
By Gabriel Burin and Ana Isabel Martinez BUENOS AIRES/MEXICO CITY (Reuters) – Mexican stocks will likely gain further in 2024, propelled by faster economic growth, but local markets may go through some…
Poor euro zone bank valuations seen a drag on credit growth: ECB
FRANKFURT (Reuters) – Low valuations for euro zone bank stocks appear to reflect concerns about credit risk and shareholder payouts, likely weighing on future credit growth via stricter terms for borrowers, the…
Exclusive-German court ruling could hit growth next year – econ ministry source
BERLIN (Reuters) -A German court ruling that forced Berlin to freeze 60 billion euros ($65 billion) in planned green investment spending could have a negative impact on growth in Europe’s biggest economy,…
Russia’s Q3 GDP growth estimated at 5.5% -Rosstat
(Reuters) – Russia’s gross domestic product (GDP) grew 5.5% in the third quarter compared to the same period last year, when it shrunk 3.5%, the state statistics service Rosstat estimated on Wednesday.…
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 the tightening of financing conditions are weighing…
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 and growth will rebound next year, the…
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 said on Tuesday. The country’s economy stagnated…
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 Sachs economists who cited stronger-than-expected economic growth…
Breaking News
