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 …
Growth
-
-
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 …
- Business News
Bad moment to hike rates as Russia’s growth stimuli sputter – economists
by Reutersby ReutersBy 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 …
- Business News
Swiss expect economic growth ‘significantly below average’ in 2023 and 2024
by Reutersby ReutersZURICH (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 …
-
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 …
- Business News
French central bank raises 2023 growth outlook, trims 2024 and 2025
by Reutersby ReutersPARIS (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, …
- Business News
Euro zone ministers agree fiscal policy must aid ECB inflation fight
by Reutersby ReutersBy 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 …
- Business News
China’s Jan-Aug fiscal revenue growth slows despite policy support
by Reutersby ReutersBEIJING (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 …
- Business News
ECB cuts growth outlook but raises key 2024 inflation projection
by Reutersby ReutersFRANKFURT (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 …
- Business News
SpaceX’s Starlink falls short of growth expectations despite revenue surge – WSJ
by Reutersby Reuters(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, …
- Business News
BofA Global Research expects hit to U.S. GDP growth from auto workers’ strike
by Reutersby Reuters(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 …
- Business News
France on course for 0.1-0.2% growth in third quarter – central bank
by Reutersby ReutersPARIS (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. …
- Business News
EU Commission cuts euro zone growth forecast as Germany in recession
by Reutersby ReutersBy 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 …
-
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 …
- Business News
Malaysia targets at least 5% economic growth annually until 2025 – PM
by Reutersby ReutersKUALA 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 …
-
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 …
- Business News
Taiwan August exports fall less than expected, growth seen resuming
by Reutersby ReutersTAIPEI (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 …
-
(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. …
-
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, …
- Business News
Malaysia central bank keeps rates on hold as inflation, growth cool
by Reutersby ReutersBy 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 …
-
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 …
- Business News
Saudi Arabia’s 2023 GDP growth to slow due to longer oil cuts – IMF
by Reutersby ReutersDUBAI (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 …
- Business News
SLB to add $5 billion in revenue this year, sees similar growth in 2024
by Reutersby ReutersHOUSTON (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 …
- Business News
Economists cut Singapore 2023 growth and inflation forecasts – survey
by Reutersby ReutersSINGAPORE (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 …
- Business News
Russian central bank deputy governor says 2023 growth will be closer to top of forecast range
by Reutersby Reuters(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. …