Fitch raises India FY24 GDP forecast to 6.3% on strong growth momentum
MUMBAI (Reuters) – Fitch Ratings raised its growth forecast for the Indian economy to 6.3% for the current fiscal year, from 6% earlier, on the …
Growth
France’s Le Maire sticks to 2023 economic growth forecast for now
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Tuesday he was sticking for now with the government’s forecast of 1% economic growth …
Recruiter SThree’s fee growth strained by weak U.S. demand
By Sinchita Mitra (Reuters) – Continued hiring caution and declining demand in the U.S. and life sciences sector dented SThree’s half-year net fees from permanent …
Dubai chases long-term growth as property booms, seeks to blunt debt risk
By Rachna Uppal and Yousef Saba DUBAI (Reuters) – Buoyed by a swift economic rebound post-COVID, Dubai is racing to attract people and capital to …
Goldman Sachs cuts China growth forecast as property slowdown bites
SINGAPORE (Reuters) – Goldman Sachs analysts have cut forecasts for China’s economic growth, citing persistently weak confidence and the cloud over the property market as …
IMF sees Honduran economic growth slowing to about 3% in 2023
TEGUCIGALPA (Reuters) – Honduran economic growth is seen slowing to about 3% in 2023, the International Monetary Fund (IMF) estimated in a statement issued on …
China’s cabinet pledges to roll out more measures to spur growth
By Joe Cash BEIJING (Reuters) -China’s cabinet met on Friday to discuss measures to spur growth in the economy, state media reported, pledging to roll …
China’s Jan-May fiscal revenue growth quickens
BEIJING (Reuters) – China’s fiscal revenues grew 14.9% in the first five months from a year earlier, quickening from a 11.9% rise in the first …
BofA Global Research cuts 2023 China growth forecast after weak May data
(Corrects story identifier, also widens distribution) (Reuters) -BofA Global Research on Friday trimmed its China economic growth forecast for 2023, becoming the second Wall Street …
French growth seen fragile through 2023, inflation slowing – INSEE
PARIS (Reuters) – The French economy will grow 0.1% in the second quarter of the year, the INSEE statistics agency said, revising down an earlier …
J.P.Morgan cuts China’s full year growth forecast after poor May data
(Reuters) – J.P.Morgan trimmed China’s economic growth forecast for 2023 after the country’s May industrial output and retail sales growth missed forecasts. Economists led by …
Germany’s photovoltaic system demand set for double-digit growth this year, lobby says
BERLIN (Reuters) – German demand for photovoltaic power systems is expected to grow at a double-digit rate this year with solar storage system installations by …
China’s central bank upbeat on Q2 GDP growth, confident on 2023 targets
BEIJING (Reuters) -China’s economic growth is expected to be “relatively high” in the second quarter compared to the prior year, mainly due a low base …
Biden Wants To Give Power Over Defense Contracts To Climate Activist ‘Cabal’ Bent On Curtailing Economic Growth
Biden Wants To Give Power Over Defense Contracts To Climate Activist ‘Cabal’ Bent On Curtailing Economic Growth Micaela Burrow on June 6, 2023 The Biden …
Irish domestic economy returns to growth in first quarter
DUBLIN (Reuters) – Ireland’s domestic economy returned to growth in the first three months of the year after a shallow recession, data showed on Friday, …
Japan’s Q1 GDP growth seen revised up on strong capex: Reuters poll
By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely grew more than initially estimated in the first three months of this year, thanks to solid …
Investment more than consumption leading India’s economic growth – economists
By Ira Dugal MUMBAI (Reuters) – A surge in investments that offset sluggish consumption to boost India’s growth in 2022-23 is expected to power the …
S&P sees weaker 2023 growth in key African economies as tailwinds fade
JOHANNESBURG (Reuters) – Economic growth in key Sub-Saharan African economies will slow this year as weaker global growth makes the backdrop less favourable and high …
French finance minister sticks to 1% growth outlook despite risks
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday he was sticking to a forecast of 1% economic growth this year despite …
BOJ may hike rates if sustained wage growth looks likely-government panellist
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan (BOJ) may raise short-term interest rates early next year if sustained wage …
Uganda says 2023/24 GDP growth to reach 6%
KAMPALA (Reuters) – Uganda’s economy will expand by 6% in the next fiscal year that starts in July, an increase from a projected growth of …
China new home prices growth to narrow in 2023: Reuters poll
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s new home prices will see a slower growth this year, according to a Reuters poll, …
Low growth, high inflation are top risks for India, say economists: Reuters poll
By Vivek Mishra and Shaloo Shrivastava BENGALURU (Reuters) – India’s economy will grow about 6% this fiscal year with a small increase in private investment, …
Nigeria GDP growth slows ahead of interest rate announcement
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual economic growth rate slowed to 2.3% in the first quarter, data showed on Wednesday, hurt by a …
IMF sees slower Dominican Republic growth at 4% in 2023
MEXICO CITY (Reuters) – The Dominican Republic’s economy is expected to grow around 4% in 2023, the IMF said on Monday, slowing from the 4.9% …
China’s fiscal revenue growth quickens as economy recovers
BEIJING (Reuters) – China’s fiscal revenue rose 11.9% in the first four months of 2023 from the same period a year earlier, accelerating sharply from …
Jordan must accelerate reforms to drive faster growth -IMF
By Suleiman Al-Khalidi AMMAN (Reuters) – The International Monetary Fund said on Wednesday Jordan needed to accelerate structural economic reforms to push growth beyond the …
BlackBerry expects up to 54% revenue growth in 2026, shares rise
(Reuters) – BlackBerry Ltd on Wednesday forecast as much as 54% jump in 2026 sales from current year on the back of growth in its …
Buffett-backed Nubank reports record revenue on steady user growth
(Reuters) – Brazil’s Nubank on Monday reported record revenue for the first-quarter as the digital bank benefited from steady growth in users and higher average …
EU exec sees stronger 2023, 2024 euro zone growth, but higher inflation
By Jan Strupczewski BRUSSELS (Reuters) – Euro zone economic growth will be faster than previously expected this year and next thanks to faster expansion in …
EU commission sees Germany 2023 GDP growth at 0.2%, Italy 1.2% – newspaper
ROME (Reuters) – The European Commission will forecast Germany’s economic growth this year at 0.2%, while projecting a 1.2% rate for Italy, Italian daily La …
Marketmind: Markets get twitchy as debt ceiling, growth fears weigh
A look at the day ahead in European and global markets from Ankur Banerjee Signs of an economic slowdown across the globe, lingering worries over …
South Korea think tank cuts 2023 growth forecast due to poor exports
SEOUL (Reuters) – South Korea’s top government research body has cut its economic growth forecast for this year to 1.5% from its earlier view of …
French central bank sees Q2 growth vs. Q1
PARIS (Reuters) – The French economy is set to grow slightly in the second quarter when compared to the previous one, the country’s central bank …
Japan GDP growth likely accelerated in Q1 on robust services consumption- Reuters poll
By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely grew in January-March at the fastest pace in three quarters, as spending in the services sector …
Malaysia’s Q1 GDP growth likely cooled on weak demand, exports – Reuters poll
By Sujith Pai BENGALURU (Reuters) – Malaysia’s economic growth probably slowed in the first quarter, hit by tepid consumption and declining exports, a Reuters poll …
Disney’s Iger may have to add slowing growth to his turnaround checklist
(Reuters) – Walt Disney Co’s quarterly revenue growth is expected to hit its lowest in nearly two years, underlining the hurdles that Chief Executive Bob …
Zimbabwe’s dollar-only bourse poised for further growth
By Nyasha Chingono HARARE (Reuters) – The value of stocks on Zimbabwe’s dollar-only bourse has jumped by 85% since the start of the year to …
Vietnam lawmakers call for further rate cut to prop up growth
HANOI (Reuters) – Vietnamese lawmakers on Tuesday urged the central bank to consider cutting policy rates further to support the economy and help the country …
UK sales growth holds steady in April, retailers hope for better summer
By Suban Abdulla LONDON (Reuters) – British retail sales growth held steady in April but high inflation meant shoppers were getting less for their money, …
Bosch looks to growth in cars, heating systems
FRANKFURT (Reuters) – German technology group Robert Bosch expects 6% to 9% revenue growth this year from 88.2 billion euros ($97.49 billion) in 2022 and …
Garmin tops quarterly revenue estimates on growth in aviation, marine units
(Reuters) – Smartwatch and navigation equipment maker Garmin Ltd topped first-quarter revenue estimates on Wednesday, boosted by strong growth in its businesses catering to the …
Growth in Middle East, Central Asia to slow amid global challenges – IMF
DUBAI (Reuters) – Economic growth in the Middle East, North Africa and Central Asia regions will slow in 2023, underlining the need to accelerate structural …
Australia central bank surprised by rapid recovery in population growth -official
SYDNEY (Reuters) – Australia’s central bank said on Wednesday that a rapid recovery in population growth was a big surprise for the bank’s economic forecasts, …
Australia March retail sales post slowest annual growth in 14 months
SYDNEY (Reuters) – Australian retail sales grew at their slowest annual pace in 14 months in March in a warning sign for consumption that will …
Turkish factory activity growth gathers pace in April -PMI
ISTANBUL (Reuters) – Growth in new orders and output helped Turkish factory activity expand at a faster pace in April, as the sector continued its …
US Economic Growth Slows To A Crawl
US Economic Growth Slows To A Crawl Jason Cohen on April 27, 2023 The U.S. economy slowed to a 1.1% annual growth rate in the …
ADB head: Developing Asia’s growth robust, tightening global finances a risk
(Reuters) – Asia’s developing economies have seen “very robust” growth but face risks from tightening global financial conditions due to rapid U.S. and European interest …
Retailer Carrefour confident as Q1 sales growth accelerates
By Dominique Vidalon PARIS (Reuters) -Carrefour, Europe’s largest food retailer, said on Tuesday it was confident of more profit and cash flow growth this year …
Philippines sticks to its 5-year GDP growth targets on economic momentum
By Neil Jerome Morales MANILA (Reuters) – The Philippines on Monday maintained its economic growth targets over the next five years, citing momentum from increased …