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…
Instant view: US job growth smashes expectations, raising prospects for rate hikes
(Reuters) – U.S. job growth surged in September, suggesting that the labor market remains strong enough for the Federal Reserve to raise interest rates this year, though wage growth is moderating. Nonfarm…
Goldman Sachs sees more than 1% growth for euro area in 2024
(Reuters) – Goldman Sachs expects economic growth in the euro area to recover to 1.25%-1.5% in 2024, more than double their forecast of about 0.5% for this year’s growth. The brokerage’s 2023…
World Bank sees Saudi economy contracting in 2023, MENA growth sharply lower
By Rachna Uppal DUBAI (Reuters) – The World Bank expects Saudi Arabia’s economy to contract by 0.9% in 2023, it said in a report on Thursday, revising its growth forecast for the…
WTO halves 2023 goods trade growth forecast
GENEVA (Reuters) – The World Trade Organization halved its growth forecast for global goods trade this year, saying that persistent inflation, higher interest rates, a strained Chinese property market and the war…
Sub-Saharan Africa’s growth dragged down by continent’s heavyweights -World Bank
By Joe Bavier JOHANNESBURG (Reuters) – Sub-Saharan Africa’s economic growth is expected to slow this year, dragged down by slumps in heavyweights South Africa, Nigeria and Angola, the World Bank said on…
U.N. body calls for countries to spur growth by reducing global inequality
GENEVA (Reuters) – The United Nations trade body called on Wednesday for global growth to be revived by reducing inequalities between countries and for top central banks to play a bigger role…
Spain’s services sector resumes growth in September – PMI
MADRID (Reuters) – Spanish services sector activity expanded slightly in September after a dip in August, with new business holding steady and companies still taking on staff, a survey showed on Wednesday.…
Thai business group keeps 2023 growth forecast at 2.5%-3%
BANGKOK (Reuters) – Thailand’s economy is expected to grow between 2.5% and 3.0% this year, a leading joint business group said on Wednesday, maintaining its previous estimate. Exports, a key driver of…
UAE’s non-oil business growth picks up in Sept on strong demand-PMI
DUBAI (Reuters) – Non-oil business activity in the United Arab Emirates expanded at a faster rate in September than the previous month, a survey showed on Wednesday, as new orders came in…
Japan service activity growth slows down in September – PMI
TOKYO (Reuters) – Japan’s service activity in September expanded for the 13th month but at the slowest pace since the start of the year, a private survey showed, a worrying sign as…
IMF raises Mexico growth forecasts on robust consumption, services, auto output
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund on Tuesday significantly raised its 2023 growth forecast for Mexico to 3.2% from a 2.6% forecast issued in July, citing strength in…
Sri Lanka likely to resume rate cuts Thursday to spur growth- Reuters poll
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to resume interest rate cuts on Thursday as it attempts to bolster a recovery from its worst economic crisis in…
India’s factory growth eased in September but remained strong -PMI
BENGALURU (Reuters) – India’s factory activity expanded at the slowest pace in five months in September but remained solid, with strong demand driving business confidence to its highest level this year, despite…
Italy Aug unemployment rate at multi-year low of 7.3%, as job growth resumes
ROME, Oct 2 (Reuters) – Italy’s unemployment rate fell unexpectedly in August to 7.3%, the lowest since January 2009, national statistics bureau ISTAT reported on Monday, as a net 59,000 jobs were…
World Bank keeps China 2023 GDP growth forecast but cuts 2024 outlook
BEIJING (Reuters) – The World Bank has maintained its forecast for China’s 2023 economic growth at 5.1%, in line with its previous estimate in April, but trimmed its prediction for 2024 to…
IMF sees signs China stabilizing, says reforms can boost medium-term growth
WASHINGTON (Reuters) -The International Monetary Fund said on Thursday it sees some signs of stabilization in China’s economy from recent data, but believes the country can accelerate growth over the medium term…
SVB’s rapid growth left management, examiners struggling to police risk: Fed IG
By Pete Schroeder WASHINGTON (Reuters) -The leadership of Silicon Valley Bank and its government supervisors failed to quickly recognize risks looming in the firm before its March failure, according to a report…
Marriott projects upbeat revenue per room growth as travel demand stays strong
(Reuters) – Marriott International on Wednesday forecast two-year annualized global revenue per available room (RevPAR) growth of 3% to 6% by 2025, as the hotel operator expects resilient international travel demand. A…
Russian trade, remittances boost Central Asia growth prospects – EBRD
By Jorgelina do Rosario LONDON (Reuters) – Central Asian economies from Mongolia to Kazakhstan and Uzbekistan will see strong growth this year and next thanks to rising trade and remittance flows from…
Lack of momentum to weigh on German economic growth in 2024 – IMK institute
BERLIN (Reuters) – Germany’s economy will grow more slowly than previously expected next year due to a lack of positive momentum towards the end of this year, the IMK institute said in…
Fed is cutting staff after more than a decade of payroll growth
By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve system is cutting about 300 people from its payroll this year, a small but rare reduction in headcount across an organization that…
Japan’s factory activity shrinks, service sector growth slows in Sept – PMI
TOKYO (Reuters) – Japan’s factory activity contracted for the fourth straight month and the service sector growth slipped to an eight-month low, a survey showed on Friday, highlighting the challenges facing the…
China’s exports growth to North Korea quickens in August
BEIJING (Reuters) – China’s exports to North Korea grew at a faster pace last month than in July, customs data showed on Wednesday, as bilateral trade resumed and Pyongyang gradually reopened from…
Bad moment to hike rates as Russia’s growth stimuli sputter – economists
By Darya Korsunskaya and Alexander Marrow (Reuters) – Double-digit interest rates and the possibility of more hikes down the road have come at a bad moment for Russia’s economy as the impact…
Swiss expect economic growth ‘significantly below average’ in 2023 and 2024
ZURICH (Reuters) – Switzerland’s economy is expected to grow by 1.3% this year, the government said on Wednesday, significantly below the country’s long-term average as industry struggles with weak demand abroad and…
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