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Tag:

Growth

  • Business News

    Japan’s factory activity shrinks, service sector growth slows in Sept – PMI

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    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 …

  • Business News

    China’s exports growth to North Korea quickens in August

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    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 Reuters September 20, 2023
    by Reuters September 20, 2023

    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 …

  • Business News

    Swiss expect economic growth ‘significantly below average’ in 2023 and 2024

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    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 …

  • Business News

    OECD raises 2023 global growth outlook, cuts 2024

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    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 Reuters September 18, 2023
    by Reuters September 18, 2023

    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, …

  • Business News

    Euro zone ministers agree fiscal policy must aid ECB inflation fight

    by Reuters September 15, 2023
    by Reuters September 15, 2023

    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 …

  • Business News

    China’s Jan-Aug fiscal revenue growth slows despite policy support

    by Reuters September 15, 2023
    by Reuters September 15, 2023

    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 …

  • Business News

    ECB cuts growth outlook but raises key 2024 inflation projection

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    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 …

  • Business News

    SpaceX’s Starlink falls short of growth expectations despite revenue surge – WSJ

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    (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 Reuters September 13, 2023
    by Reuters September 13, 2023

    (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 Reuters September 12, 2023
    by Reuters September 12, 2023

    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. …

  • Business News

    EU Commission cuts euro zone growth forecast as Germany in recession

    by Reuters September 11, 2023
    by Reuters September 11, 2023

    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 …

  • Business News

    European Commission cuts growth forecast for Germany in 2023

    by Reuters September 11, 2023
    by Reuters September 11, 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 …

  • Business News

    Malaysia targets at least 5% economic growth annually until 2025 – PM

    by Reuters September 11, 2023
    by Reuters September 11, 2023

    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 …

  • Business News

    German economy faces meagre growth in medium term – IfW

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    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 Reuters September 8, 2023
    by Reuters September 8, 2023

    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 …

  • Business News

    Citigroup cuts 2023 euro area real GDP growth forecast to 0.4%

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    (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. …

  • Business News

    Thai business group cuts 2023 GDP growth outlook to 2.5%-3.0%

    by Reuters September 7, 2023
    by Reuters September 7, 2023

    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 Reuters September 7, 2023
    by Reuters September 7, 2023

    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 …

  • Business News

    Policymakers see darker days ahead in China as growth sputters

    by Reuters September 6, 2023
    by Reuters September 6, 2023

    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 Reuters September 6, 2023
    by Reuters September 6, 2023

    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 …

  • Business News

    SLB to add $5 billion in revenue this year, sees similar growth in 2024

    by Reuters September 6, 2023
    by Reuters September 6, 2023

    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 …

  • Business News

    Economists cut Singapore 2023 growth and inflation forecasts – survey

    by Reuters September 6, 2023
    by Reuters September 6, 2023

    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 …

  • Business News

    Russian central bank deputy governor says 2023 growth will be closer to top of forecast range

    by Reuters September 5, 2023
    by Reuters September 5, 2023

    (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. …

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