Italy may ratify EU bailout fund reform “if turned into growth instrument” – Meloni
ROME (Reuters) – Italy is ready to consider ratifying the reform of the euro zone’s bailout fund (ESM) for countries and banks cut off from …
Growth
GSK-spinoff Haleon forecasts 2023 organic revenue growth at top-end of view
(Reuters) – Consumer healthcare group Haleon expects 2023 organic revenue growth towards the upper end of its 4%-6% forecast, it said on Thursday, on strong …
Russian central bank official sees 2023 growth close to 1%
MOSCOW (Reuters) – Russia’s economic growth this year is likely to come in at the top end of the central bank’s forecast range of between …
J.P.Morgan, Citi upgrade China’s 2023 full-year GDP growth forecast
(Reuters) – J.P.Morgan and Citigroup upgraded China’s 2023 full-year gross domestic product growth forecast on Tuesday, citing that the country’s decision to lift stringent COVID-19 …
German industry association raises 2023 export growth forecast to 2% – report
BERLIN (Reuters) – Germany’s BDI industry association expects exports to grow by 2% in 2023, double its forecast in January, its president told the Rheinische …
Mexico airport operator GAP says nearshoring, fleet expansions fuel growth
By Kylie Madry MEXICO CITY (Reuters) – The airport operating business in Mexico is thriving as traffic surges due to multinational companies bringing overseas operations …
French central bank nudges up Q1 economic growth forecast to around 0.2%
PARIS (Reuters) – The French economy is set to grow around 0.2% in the first quarter of 2023, up from around 0.1% forecast last month, …
US Treasury sees continued global growth despite strains in banking sector
By Andrea Shalal WASHINGTON (Reuters) – The U.S. banking system remains strong and resilient, but American officials will continue working with foreign counterparts to bolster …
Food inflation to weigh on MENA growth this year – World Bank
By Lisa Barrington DUBAI (Reuters) – Double-digit food price inflation will weigh on the Middle East and North Africa region this year, causing growth to …
Economic growth in GCC to more than halve in 2023 – World Bank
By Rachna Uppal DUBAI (Reuters) – The World Bank has revised its 2023 economic growth projection for the oil exporters of the six-member Gulf Cooperation …
WTO sees “subpar” 2023 trade growth with multiple risks
GENEVA (Reuters) – The World Trade Organization raised its forecast for global trade growth this year, but still predicted a slowdown and warned of risks …
UK service firms report second month of growth as prospects improve -PMI
LONDON (Reuters) – Britain’s economy looks set to have grown in early 2023 after firms in the dominant service sector in March reported the strongest …
UK businesses more upbeat about sales despite weak growth
By David Milliken LONDON (Reuters) – Most British businesses expect their sales to rise over the coming year – an improvement from late 2022 – …
Near shoring, green economy, good growth options for Latam, Caribbean – World Bank
NEW YORK (Reuters) – Near-shoring and the green economy offer opportunities to Latin America and the Caribbean (LAC) that the region should seize, as current …
China’s reopening brightens developing Asia’s 2023 growth outlook – ADB
By Karen Lema MANILA (Reuters) – Developing Asia will grow faster than previously thought this year, underpinned by a stronger-than-projected rebound in China, but risks …
Ecuador central bank cuts 2023 growth forecast due to lower oil exports
QUITO (Reuters) – Ecuador’s central bank on Friday cut the Andean country’s economic growth forecast for the year to 2.6%, from 3.1%, citing the impact …
Morgan Stanley raises 2023 euro area GDP growth forecast to 0.8%
(Reuters) – Morgan Stanley on Friday raised its 2023 euro area economic growth forecast by 20 basis points to 0.8% on the back of better-than-expected …
Hong Kong monthly retail sales post biggest growth in 13 years
HONG KONG (Reuters) – Hong Kong’s retail sales posted the biggest percentage rise in 13 years in February as economic sentiment improved alongside a sharp …
Indian states likely to fall short of spending targets, posing growth risk – economists
By Ira Dugal MUMBAI (Reuters) – Twelve large Indian states, which have released their local budgets over the past few weeks and forecast aggressive spending …
World Bank maintains Thailand’s 2023 growth outlook at 3.6%
BANGKOK (Reuters) – Thailand’s economy is expected to grow by 3.6% this year, up from 2.6% last year, supported by stronger private consumption, a recovery …
China-driven growth seen helping emerging assets despite bank worries
By Duncan Miriri LONDON (Reuters) – Stronger Chinese-led emerging markets growth will likely buffer the stocks, bonds and currencies of many developing nations as markets …
Malaysia central bank maintains 2023 growth forecast amid global slowdown
By Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysia’s central bank on Wednesday maintained its economic growth forecast for 2023 at 4% to 5%, saying that …
US annual house price growth slows further in January
WASHINGTON (Reuters) – U.S. single-family home prices moderated further on an annual basis in January, which together with declining mortgage rates could pull buyers back …
Australia retail sales growth slows to 0.2% in February
SYDNEY (Reuters) – Australian retail sales eked out a meagre gain in February after wild swings around year-end holidays, indicating shoppers are reining in spending …
Panama’s economic recovery strong, but growth to slow in 2023, IMF says
(Reuters) – Panama’s economic recovery has been “very strong,” but the outlook remains uncertain as growth is projected to slow to 5% this year, the …
Shanghai targets 5% growth in property investment in 2023
BEIJING (Reuters) – China’s financial hub Shanghai has a goal of 5% growth in property investment in 2023, the city’s house management bureau said on …
Colombian economy headed to more sustainable growth path, IMF says
(Reuters) -Colombia’s economy is currently undergoing a transition toward a more sustainable growth path, the International Monetary Fund said Thursday, highlighting tightened macroeconomic policies, slowing …
Goldman Sachs lowers euro zone growth forecast; sees no growth for UK
(Reuters) – Goldman Sachs lowered its 2023 economic growth forecast for the euro zone on Monday, citing ongoing stress in the global banking system and …
LatAm growth threatened if financial turbulence spreads -IDB chief economist
By Milagro Vallecillos PANAMA CITY (Reuters) – Latin America could see zero economic growth this year if the banking crisis in the U.S. and Europe …
Former Goldman Sachs CEO Blankfein says US banking crisis will slow growth
By Kanishka Singh WASHINGTON (Reuters) – Former Goldman Sachs CEO Lloyd Blankfein said on Sunday the banking crisis in the United States was going to …
OECD hikes growth outlook, but warns recovery fragile
By Leigh Thomas PARIS (Reuters) – The global economic outlook has improved from a few months ago as the inflation shock eases but rising interest …
Peru’s economy shrank in January after nearly two years of growth
(Reuters) – Peru’s gross domestic product contracted 1.12% in January compared with the same month a year before, official data showed on Wednesday, marking the …
Germany’s IfW predicts 0.5% GDP growth in 2023 amid stubbornly high inflation
BERLIN (Reuters) – Germany’s IfW economic institute said on Wednesday it did not expect a strong economic recovery in 2023 due to continued losses in …
China battery giant CATL reports slower Q4 profit growth
SHANGHAI (Reuters) – Chinese battery giant CATL posted sharply slower growth in fourth quarter net profit, after COVID-19 outbreaks and consumer caution hit electric vehicle …
Prada sees solid revenue growth for 2023 after beating expectations last year
MILAN (Reuters) -Italy’s Prada said on Thursday it expects revenue growth to outpace rivals this year, after sales exceeded analyst expectations in 2022 thanks to …
Bank of Korea expects monetary tightening to weigh more heavily on growth this year
SEOUL (Reuters) – South Korea’s central bank said the lagged effects of its aggressive streak of monetary tightening would have a bigger negative impact on …
Brazil tax reform seen boosting long-term economic growth, official says
BRASILIA (Reuters) – A proposed tax reform in Brazil will likely generate additional economic growth of 12% over the next 15 years, the special secretary …
Euro zone economic growth trimmed to zero q/q at end of 2022
BRUSSELS (Reuters) – The euro zone failed to register any growth quarter-on-quarter in the final three months of 2022, European statistics agency said on Tuesday, …
British labour market, and pay growth, slow in February – REC
By Suban Abdulla LONDON (Reuters) – Britain’s labour market showed further signs of cooling as permanent job placements fell for the fifth month in a …
Lego looks to build on 2022 sales growth with more China stores
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Toymaker Lego said store openings in China and strong demand in Western Europe and the Americas had delivered 17% …
Ukraine economy ministry cuts 2023 GDP growth forecast to 1% – Interfax
KYIV (Reuters) – Ukraine’s economy ministry has lowered its GDP growth forecast for 2023 to 1%, the Interfax Ukraine news agency quoted a deputy minister …
China sets slightly lower annual GDP growth target – government report
BEIJING (Reuters) – The Chinese government on Sunday set a slightly lower annual economic growth target compared with last year’s goal, as the world’s second-biggest …
US fourth-quarter labor costs revised higher; productivity growth lowered
WASHINGTON (Reuters) – U.S. labor costs grew faster than initially thought in the fourth quarter, though the pace has slowed from the prior quarters. Unit …
Exclusive-China increasingly ambitious with 2023 growth target, may aim for up to 6%-sources
By Kevin Yao BEIJING (Reuters) – China is becoming increasingly ambitious with its 2023 growth target, aiming potentially as high as 6%, in a bid …
WTO sees short-lived slowdown of global goods trade growth
GENEVA (Reuters) – Global merchandise trade growth slowed at the end of 2022 and was likely to remain weak in the first quarter of this …
Italy posts firm growth in 2022, but budget deficit overshoots
By Antonella Cinelli and Valentina Consiglio ROME (Reuters) – Italy posted firm economic growth of 3.7% last year but the budget deficit far exceeded official …
Euro zone factory output returned to growth in February -PMI
LONDON (Reuters) – Overall activity in the euro zone’s manufacturing sector contracted again in February but output increased for the first time since May as …
Italy’s manufacturing sector sees growth pick up in Feb -PMI
ROME (Reuters) – Growth in Italy’s manufacturing sector gathered speed in February, helped by a rise in output and a return to expansion of new …
China Feb non-manufacturing activity extends growth – official PMI
BEIJING (Reuters) – China’s non-manufacturing activity grew at a faster pace in February, official data showed on Wednesday, suggesting that economic recovery is well underway …
Swiss economic growth flat in Q4 as exports and manufacturing drop
ZURICH (Reuters) – The Swiss economy showed no growth in the fourth quarter of 2022, the government said on Tuesday, as a “challenging international situation” …