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…
OECD raises 2023 global growth outlook, cuts 2024
PARIS (Reuters) – A stronger than expected U.S. economy is helping to keep a global slowdown in check this year but a weakening Chinese economy will prove to be a bigger drag…
French central bank raises 2023 growth outlook, trims 2024 and 2025
PARIS (Reuters) – France’s economy will grow slightly less than expected in the next two years due to weakness in its main trade partners, the central bank said on Monday, but it…
Euro zone ministers agree fiscal policy must aid ECB inflation fight
By Jan Strupczewski SANTIAGO DE COMPOSTELA, Spain (Reuters) -Euro zone finance ministers agreed on Friday that fiscal policy should be restrictive next year to help the European Central Bank curb inflation, while…
China’s Jan-Aug fiscal revenue growth slows despite policy support
BEIJING (Reuters) – China’s fiscal revenue rose 10% in the Jan-Aug period of 2023, slower than 11.5% growth in Jan-July, official data showed, even as the economy showed signs of stabilisation in…
ECB cuts growth outlook but raises key 2024 inflation projection
FRANKFURT (Reuters) – The European Central Bank cut its growth projections for the next two years while lifting some of its inflation forecasts, raising the spectre of stagflation, a period when the…
SpaceX’s Starlink falls short of growth expectations despite revenue surge – WSJ
(Reuters) – SpaceX’s satellite internet venture Starlink posted a more than six-fold surge in revenue last year to $1.4 billion, but fell short of targets set by CEO Elon Musk, the Wall…
BofA Global Research expects hit to U.S. GDP growth from auto workers’ strike
(Reuters) – BofA Global Research warned a full strike by United Auto Workers (UAW) would likely have an about 0.1 to 0.2 percentage points impact per week on U.S. gross domestic product…
France on course for 0.1-0.2% growth in third quarter – central bank
PARIS (Reuters) – The French economy is on course for meagre growth in the third quarter boosted by the manufacturing, energy and services sectors, the central bank forecast on Tuesday. The euro…
EU Commission cuts euro zone growth forecast as Germany in recession
By Jan Strupczewski BRUSSELS (Reuters) – The euro zone economy will grow slower than previously expected this year and next, the European Commission forecast on Monday as consumer demand suffers from high…
European Commission cuts growth forecast for Germany in 2023
BERLIN (Reuters) – The German economy is expected to contract in 2023, the European Commision said on Monday, cutting its forecasts for the euro zone’s biggest economy. Germany’s gross domestic product is…
Malaysia targets at least 5% economic growth annually until 2025 – PM
KUALA LUMPUR (Reuters) – Malaysia is aiming for economic growth of at least 5% annually until 2025, lower than the Southeast Asian nation’s previous target, Prime Minister Anwar Ibrahim said on Monday.…
German economy faces meagre growth in medium term – IfW
BERLIN (Reuters) – Growth prospects for the German economy will remain meagre in the medium term, the Kiel Institute for the World Economy (IfW) said on Friday. The production potential of the…
Taiwan August exports fall less than expected, growth seen resuming
TAIPEI (Reuters) – Taiwan’s exports dropped for the 12th consecutive month in August but less sharply than expected, and may return to growth in September ahead of the year-end holiday shopping season,…
Citigroup cuts 2023 euro area real GDP growth forecast to 0.4%
(Reuters) – Citigroup downgraded its 2023 economic growth forecast for the euro area to 0.4%, and said it expected the region’s economy to shrink “gently” over the next three quarters. The Wall…
Thai business group cuts 2023 GDP growth outlook to 2.5%-3.0%
BANGKOK (Reuters) – Thailand’s economy is expected to grow 2.5% to 3.0% this year, down from a previous forecast of 3.0% to 3.5%, due to declining exports and public expenditure, and weaker…
Malaysia central bank keeps rates on hold as inflation, growth cool
By Rozanna Latiff and Danial Azhar KUALA LUMPUR (Reuters) – Malaysia’s central bank on Thursday kept its benchmark interest rate unchanged for the second straight meeting, as economic growth and inflation continued…
Policymakers see darker days ahead in China as growth sputters
By Divya Chowdhury MUMBAI (Reuters) -Policymakers expect persistently slower growth in China, perhaps even more sluggish than current consensus estimates, seeing its transition from an infrastructure- and investment-led economy to becoming consumption-driven…
Saudi Arabia’s 2023 GDP growth to slow due to longer oil cuts – IMF
DUBAI (Reuters) – Saudi Arabia’s overall gross domestic product growth is likely to be lower than the currently forecast 1.9% by the International Monetary Fund, but will remain in positive territory, the…
SLB to add $5 billion in revenue this year, sees similar growth in 2024
HOUSTON (Reuters) – SLB is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in international markets,…
Economists cut Singapore 2023 growth and inflation forecasts – survey
SINGAPORE (Reuters) – Economists have downgraded Singapore’s 2023 growth forecasts and inflation expectations, according to a survey by the country’s central bank published on Wednesday, with spillovers from an external growth slowdown…
Russian central bank deputy governor says 2023 growth will be closer to top of forecast range
(Reuters) – Russian central bank deputy governor Alexei Zabotkin told reporters on Tuesday that Russia’s economic growth this year would be towards the upper end of the 1.5%-2.5% forecast range. (Reporting by…
Lower growth in China not affecting commodity prices ‘that much,’ Brazil’s Campos Neto says
BRASILIA (Reuters) – Brazilian central bank chief Roberto Campos Neto said on Tuesday that the slower growth seen in China is not affecting commodity prices “that much.” Speaking at an event hosted…
China’s Leapmotor looks to sell EV tech as it targets export growth
MUNICH (Reuters) – China’s Leapmotor needs to increase its sales by five times or more to survive a consolidating EV industry and is seeking partners outside China to license its technology, the…
India’s services growth slowed slightly in Aug but exports hit record high
By Anant Chandak BENGALURU (Reuters) – Growth in India’s dominant services industry lost some steam in August but overall conditions remained strong despite elevated inflationary pressures, according to a business survey that…
UAE’s non-oil business growth slows in August but confidence high-PMI
DUBAI (Reuters) – Growth in non-oil business activity in the United Arab Emirates eased in August to the slowest pace in six months, but business confidence rose to its highest since before…
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