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Today: April 28, 2025
Today: April 28, 2025

economic growth

Business|Economy|Europe|Finance|Political

Greece to repay first bailout loans by 2031, 10 years early

Greece will pay off loans granted under the first of three debt-crisis bailouts by 2031, two government officials told Reuters, as the country seeks to lose

Greece to repay first bailout loans by 2031, 10 years early
Asia|Business|Economy

India's industrial output at 6-month low in February

India's industrial output in February was its weakest since August 2024, hurt by slowing manufacturing and mining sector growth, government data released on Friday showed.

India's industrial output at 6-month low in February
Asia|Business|Economy|Political|US

China's March exports likely got front-loading lift before Trump's new tariffs took effect

China's exports likely picked up pace in March, as factories rushed out shipments ahead of U.S.

China's March exports likely got front-loading lift before Trump's new tariffs took effect
Business|Economy|Europe|MidEast|Political

EU and UAE agree to launch free trade talks

The European Union and the United Arab Emirates have agreed to launch free trade talks, the EU and UAE said on Thursday, amid the upheaval and uncertainties created by U.S.

EU and UAE agree to launch free trade talks
Economy|Finance|Political|US

Kansas City Fed's Schmid to stay focused on inflation in light of tariff risks

Kansas City Federal Reserve President Jeff Schmid said on Thursday he will remain "squarely focused" on inflation and the risk new U.S. import taxes could

Kansas City Fed's Schmid to stay focused on inflation in light of tariff risks
Business|Economy|Europe|Finance|Political

Germany's economy is expected to be more or less stagnant this year

Leading think tanks say that Germany’s economy is likely to be more or less stagnant in 2025 after shrinking for two years and the impact of U.S. tariffs could weigh down an already unimpressive showing

Germany's economy is expected to be more or less stagnant this year
Asia|Election|Political

South Korean opposition leader Lee opens presidential bid following Yoon's ouster

South Korean opposition leader Lee Jae-myung, widely seen as the front-runner in a presidential by-election triggered by the removal of President Yoon Suk Yeol last week over his ill-fated imposition of martial law, officially announced his presidential bid on Thursday, vowing to heal a starkly divided nation through economic growth

South Korean opposition leader Lee opens presidential bid following Yoon's ouster
Business|Economy|Finance|Political|US

Fed officials signal no plans to ride to the rescue with rate cuts

Federal Reserve policymakers worry U.S.

Fed officials signal no plans to ride to the rescue with rate cuts
Economy|Europe|Finance|Political

Italy says budget deficit won't rise despite crumbling growth

-Italy on Wednesday committed to keeping its budget deficit in check even as it slashed its economic growth forecasts amid market turmoil over U.S.

Italy says budget deficit won't rise despite crumbling growth
Economy|Europe|Political

Key issues agreed by Germany's future coalition government

German conservatives under Friedrich Merz agreed a coalition deal with the centre-left Social Democrats (SPD) on Wednesday, aiming to revive growth in Europe's largest economy.

Key issues agreed by Germany's future coalition government
Americas|Business|Economy

Brazil retail sales rise 0.5% in February to hit record

Retail sales volumes in Brazil rose 0.5% in February from the previous month, reaching the highest level since the data series began in 2000, statistics agency IBGE said on

Brazil retail sales rise 0.5% in February to hit record
Business|Economy|Europe|Political|US

ECB policymakers pledge market stability but see big growth hit

The European Central Bank is ready to preserve financial stability in case of further market turmoil but the sector, including hedge funds, appears well prepared for the recent

ECB policymakers pledge market stability but see big growth hit
Business|Economy|MidEast|Political|World

Erdogan: Turkey not expecting negative trade, export situation after tariffs

President Tayyip Erdogan said that Turkey is not expecting a negative situation for its trade, production and exports as a result of U.S.

Erdogan: Turkey not expecting negative trade, export situation after tariffs
Business|Economy|Europe|Finance|Political

ECB braces for bigger-than-anticipated growth hit from tariffs - sources

Euro zone economic growth could fall much more from the impact of U.S. trade tariffs than initially estimated by the European Central Bank

ECB braces for bigger-than-anticipated growth hit from tariffs - sources
Economy|Europe|Finance

ECB's Rehn sees stronger case for ECB rate cut in April amid trade war

Downside risks have materialised since March that support the case for cutting interest rates at the European Central Bank's April meeting, ECB policymaker Olli Rehn said on

ECB's Rehn sees stronger case for ECB rate cut in April amid trade war
Asia|Business|Economy|Finance

China's March bank loans seen rebounding as trade tensions escalate - Reuters poll

China's new yuan loans likely rebounded in March after a sharp fall in February, a Reuters poll showed on Wednesday, as policymakers pledged fresh

China's March bank loans seen rebounding as trade tensions escalate - Reuters poll
Asia|Business|Economy|Finance

Instant View: India central bank cuts rates, changes stance to "accommodative"

The Reserve Bank of India cut its key repo rate on Wednesday for a second consecutive time and changed its monetary policy stance to "accommodative" from "neutral" to boost the sluggish

Instant View: India central bank cuts rates, changes stance to "accommodative"
Asia|Business|Economy|Finance|World

US tariffs, China slowdown cloud developing Asia's growth outlook, says ADB

The full implementation of U.S. tariffs could cut developing Asia's growth by about a third of a percentage point this year and nearly a full percentage point in 2026, the Asian

US tariffs, China slowdown cloud developing Asia's growth outlook, says ADB
Business|Economy|Finance|Political|Stock Markets|US

US small business confidence drops, economic outlook dims

U.S. small-business confidence dropped for a third straight month in March, eroding most of the gains that followed President Donald Trump's election victory in November, amid rising

US small business confidence drops, economic outlook dims
Asia|Business|Economy|Finance|Political|Stock Markets|US

Thailand to increase US imports, lower taxes in tariff response

Thailand will increase U.S. imports, lower some of the higher taxes on American goods and address non-tariff barriers, the finance minister said on Tuesday, as the government seeks

Thailand to increase US imports, lower taxes in tariff response
Asia|Business|Economy

Japan's bankruptcy filings hit 11-year high in FY2024/25, TSR tally shows

Japan's bankruptcy filings in fiscal 2024 totalled 10,144, the most in 11 years, credit research firm Tokyo Shoko Research (TSR) said on Tuesday, amid rising uncertainties around the

Japan's bankruptcy filings hit 11-year high in FY2024/25, TSR tally shows
Business|Economy|Finance|Political|US

New Zealand to stick to current economic plans despite US tariff concerns

New Zealand will not revise its economic and fiscal plans despite the turmoil in the global financial markets triggered by U.S.

New Zealand to stick to current economic plans despite US tariff concerns
Business|Economy|Finance|Political|Stock Markets|US

Fed's Goolsbee says there's a lot of anxiety over tariffs

Chicago Federal Reserve Bank President Austan Goolsbee on Monday said businesses are anxious about U.S.

Fed's Goolsbee says there's a lot of anxiety over tariffs
Business|Economy|Europe|Finance|Political

EU finance ministers to discuss tariff impact on economy

European Union finance ministers will discuss on Friday how to tackle the expected blow to Europe's economic growth from tariffs imposed by the United States on EU goods, the

EU finance ministers to discuss tariff impact on economy
Asia|Business|Economy

Singapore seen easing monetary policy as tariffs threaten growth

Singapore is expected to further ease monetary policy at next week's review, following a move in January, as U.S. tariffs against its trading partners cast a

Singapore seen easing monetary policy as tariffs threaten growth
Business|Economy|Europe|Political|US

Trump tariffs could slow euro growth by up to 1 percentage point, Greek central banker tells FT

U.S.

Trump tariffs could slow euro growth by up to 1 percentage point, Greek central banker tells FT
Australia|Business|Economy|Political|World

Trump tariffs to slow Australia's economy but recession not expected, Treasurer says

Australia will be able to manage the direct impact of U.S.

Trump tariffs to slow Australia's economy but recession not expected, Treasurer says
Asia|Business|Economy|Political|World

Japan will ask US to cut tariffs but results won't come 'overnight', PM Ishiba says

Japanese Prime Minister Shigeru Ishiba said on Monday the government will continue to ask U.S.

Japan will ask US to cut tariffs but results won't come 'overnight', PM Ishiba says
Economy|Finance|Political|US

No state has axed its income tax on wages in 45 years. Now 2 Southern states are on a path to do so

About 45 years have passed since a state last eliminated its income tax on wages and salaries

No state has axed its income tax on wages in 45 years. Now 2 Southern states are on a path to do so
Asia|Business|Economy|World

Vietnam GDP growth slowed in first quarter ahead of Trump's tariffs

Vietnam's economic growth slowed in the first quarter of the year, data showed on Sunday, ahead of challenges the export-reliant economy will face in

Vietnam GDP growth slowed in first quarter ahead of Trump's tariffs
Business|Economy|Political|Technology|US

US consumers rush to buy big-ticket items before Trump's tariffs kick in

U.S. consumers are rushing to buy big-ticket items before President Donald Trump's tariffs kick in

US consumers rush to buy big-ticket items before Trump's tariffs kick in
Business|Economy|Finance|Political|US

Fed's Powell says larger-than-expected tariffs likely to boost inflation, slow growth

President Donald Trump's new tariffs are "larger than expected," and the economic fallout including higher inflation and slower growth likely will be as well,

Fed's Powell says larger-than-expected tariffs likely to boost inflation, slow growth
Business|Economy|Finance|Stock Markets|US

Some brokerages see more Fed rate cuts, recession risks after latest US tariffs

Major brokerages including Goldman Sachs and J.P.Morgan see more rate cuts by the U.S. Federal Reserve following President Donald Trump's latest tariffs.

Some brokerages see more Fed rate cuts, recession risks after latest US tariffs
Business|Economy|Finance|Political|US|World

Oil tumbles 8% after China retaliates in global trade war

China escalated the global trade conflict on Friday by imposing an additional 34% tariff on U.S. goods, following President Donald Trump's sweeping tariffs.

Oil tumbles 8% after China retaliates in global trade war
Business|Economy|Finance|Stock Markets|US

Strong jobs report creates Fed easing quandary amid tariff distress

The U.S. economy added far more jobs than expected in March, but President Donald Trump's sweeping import tariffs could test the labor market's resilience in the months ahead amid sagging

Strong jobs report creates Fed easing quandary amid tariff distress
Business|Economy|Europe|Finance|Political|US

US tariffs to force quicker Fed, ECB rate cuts to support growth, says Nomura

The U.S. reciprocal tariffs will stymie economic growth and lift inflation, forcing the Federal Reserve to start lowering interest rates from the end of this year, while the European

US tariffs to force quicker Fed, ECB rate cuts to support growth, says Nomura
Asia|Business|Economy|Finance|Political|Stock Markets

Japanese bank shares hammered as US tariffs spur fears about country's fragile recovery

Japanese banks posted their biggest weekly drop in at least four decades on Friday, as U.S. tariffs sparked fears that a slowdown in global growth could choke off the country's

Japanese bank shares hammered as US tariffs spur fears about country's fragile recovery
Asia|Business|Economy|Finance|Political

BOJ may raise rates again, then pause, says ex-board member

The Bank of Japan may raise interest rates once more this year then pause, as U.S.

BOJ may raise rates again, then pause, says ex-board member
Asia|Business|Economy

India March services growth moderated, inflation eased sharply, PMI shows

The rapid expansion in India's dominant services sector cooled slightly in March amid softer demand, despite firms raising prices at the lowest rate in three-and

India March services growth moderated, inflation eased sharply, PMI shows
Business|Economy|MidEast

UAE non-oil business sector growth slows in March, PMI shows

Growth in the UAE's non-oil private sector moderated in March, a survey showed on Friday, highlighting a softening in demand momentum in the Gulf region's most diversified economy.

UAE non-oil business sector growth slows in March, PMI shows
Australia|Business|Economy|Finance

RBNZ set to cut cash rate on April 9, flags further easing: Reuters poll

The Reserve Bank of New Zealand will cut interest rates by 25 basis points on April 9, according to economists polled by Reuters, who have held to

RBNZ set to cut cash rate on April 9, flags further easing: Reuters poll
Business|Economy|Finance|Political|US

Fed's Jefferson: still substantial uncertainty on trade policy, need time to assess

Federal Reserve Vice Chair Philip Jefferson on Thursday declined to offer any specifics about how the Trump administration's sweeping tariffs announced on Wednesday affect his outlook for

Fed's Jefferson: still substantial uncertainty on trade policy, need time to assess
Business|Economy|Political|US

US trade deficit narrows in February

The U.S. trade deficit narrowed in February, but the level of imports remained elevated after businesses front-loaded goods to avoid higher prices from tariffs, keeping trade on

US trade deficit narrows in February
Business|Economy|Europe|Finance|Political

Tariff fears were centre stage at ECB's March meeting, accounts show

ECB policymakers were already counting the potential cost of U.S. tariffs long before their introduction, arguing they would weigh on growth but have a more uncertain impact on

Tariff fears were centre stage at ECB's March meeting, accounts show
Business|Economy|Political|US

Brokerages raise risks for US recession after Trump's latest tariffs

Brokerages HSBC, Deutsche Bank and BofA warned on Thursday that the U.S. economy faces a higher risk of slipping into a recession this year if President Donald Trump's

Brokerages raise risks for US recession after Trump's latest tariffs
Asia|Business|Economy

Thailand growth to be hit by US tariffs, finance minister says

Thailand's economic growth could be reduced by 1 percentage point due to the imposition of U.S. tariffs, the finance minister said on Thursday.To try to maintain exports, the

Thailand growth to be hit by US tariffs, finance minister says
Business|Economy|Europe

German services sector grows modestly in March, PMI shows

Germany's service sector maintained modest growth in March, extending its expansion streak to four months, though the pace slowed as new business continued to decline, S&P Global

German services sector grows modestly in March, PMI shows
Business|Economy|Europe|Political|World

France's Macron to convene sectors hit by U.S. tariffs - French presidency

French President Emmanuel Macron will convene all representatives of business sectors hit by the import tariffs announced Wednesday by U.S.

France's Macron to convene sectors hit by U.S. tariffs - French presidency
Asia|Business|Economy

IMF sees Japan sustainably hitting central bank's inflation target

Japan is showing signs of sustainably achieving the central bank's 2% inflation target with robust consumption and capital expenditure likely to underpin the economy,

IMF sees Japan sustainably hitting central bank's inflation target
Asia|Business|Economy|Political

China's services activity rises to three-month high, Caixin PMI shows

China's services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday.

China's services activity rises to three-month high, Caixin PMI shows
Business|Economy|Finance|Political|US

Fed's Kugler says tariffs could touch off more prolonged inflation

Rising tariffs in the U.S. could feed into more prolonged inflation than might be expected, Fed Governor Adriana Kugler said on Wednesday, pushing back on

Fed's Kugler says tariffs could touch off more prolonged inflation
Business|Economy|Political|US

US factory orders rise solidly in February

New orders for U.S.-manufactured goods increased solidly in February, likely as businesses front-loaded orders ahead of tariffs.

US factory orders rise solidly in February
Business|Economy|Finance|Political|US

Amid fast pace of change, Fed face time with businesses has become key to policy

At the end of last year, when Americans were still looking ahead to Donald Trump's second turn as president, most seemed right with the U.S.

Amid fast pace of change, Fed face time with businesses has become key to policy
Business|Economy|Europe

Trade fragmentation to curb global growth, raise inflation, ECB's Schnabel says

Global inflation could surge in case of trade fragmentation caused by a trade war and growth is likely to take a hit, European Central Bank Isabel Schnabel said in a presentation

Trade fragmentation to curb global growth, raise inflation, ECB's Schnabel says
Business|Economy|Europe|Political|World

Italy business lobby lowers GDP forecast as U.S. tariffs loom

Italy's main business lobby Confindustria on Wednesday cut its economic growth forecast for the country, warning that looming U.S. trade tariffs risked further worsening the outlook.

Italy business lobby lowers GDP forecast as U.S. tariffs loom
Americas|Business|Economy|Political

Mexico lowers 2025 growth forecast to still rosy 1.5%-2.3%

Mexico's government sees its economy growing between 1.5% and 2.3% this year, down from a prior estimate of 2.0% to 3.0%, a draft budget from the country's finance ministry

Mexico lowers 2025 growth forecast to still rosy 1.5%-2.3%
Business|Economy|Finance|Political|US

Tariff woes depress US manufacturing, erode labor demand

U.S. manufacturing contracted in March after growing for two straight months, while a measure of inflation at the factory gate jumped to the highest level in

Tariff woes depress US manufacturing, erode labor demand
Asia|Business|Economy|Finance

Chinese banks hike consumer loan rates in abrupt reversal as bad debt risks mount

Some Chinese banks have started raising interest rates amid growing bad consumer loans in a dramatic U-turn just weeks after slashing them to unprecedented

Chinese banks hike consumer loan rates in abrupt reversal as bad debt risks mount
Business|Economy|Europe|Finance|Political

Euro zone inflation drops in likely boost for rate cut bets

Euro zone inflation eased as expected last month and a key measure of underlying price pressures also fell, likely adding to already widespread expectations for another European

Euro zone inflation drops in likely boost for rate cut bets
Asia|Business|Economy|Finance|Political|Stock Markets

Softer demand outlook to weigh on oil, OPEC+ walks a tightrope: Reuters poll

Oil prices are set to remain under pressure in 2025 as U.S. tariffs and slowing economic growth in India and China weigh on demand, while OPEC+

Softer demand outlook to weigh on oil, OPEC+ walks a tightrope: Reuters poll
Business|Economy|Europe|Finance

UK firms stay upbeat, helped by retail rebound, Lloyds survey shows

British business confidence held steady this month, matching February's six-month high and adding to tentative signs of an uptick in the economy in early 2025, a survey

UK firms stay upbeat, helped by retail rebound, Lloyds survey shows
Asia|Business|Economy

South Korea February factory output rises faster than expected

South Korea's factory output rose in February, government data showed on Monday, beating market expectations.

South Korea February factory output rises faster than expected
Business|Economy|Europe|MidEast

'Nimble, dynamic' Cyprus economy may grow 2.5% this year, IMF says

Cyprus has a "nimble and dynamic economy" that should grow about 2.5% this year, the International Monetary Fund said on Friday, while it added that the island should resist any

'Nimble, dynamic' Cyprus economy may grow 2.5% this year, IMF says
Americas|Business|Economy|Finance|Political

Canada's GDP for January expands by 0.4% as tariff impact looms

Canada's Gross Domestic Product grew by 0.4% on a monthly basis in January as economic activity continued the momentum of the last few of months, data showed on

Canada's GDP for January expands by 0.4% as tariff impact looms
Business|Economy|Finance|Political|US

Weak spending, sticky prices, rising inflation expectations a bad mix for Fed

The U.S.

Weak spending, sticky prices, rising inflation expectations a bad mix for Fed
Business|Economy|US

Consumers are saving more and spending less as Trump’s tariffs loom

Consumers are saving more and spending less as Trump’s tariffs loom

Consumers are saving more and spending less as Trump’s tariffs loom
Business|Economy|Finance|Political|Stock Markets|US

T is for tariffs

This week will be dominated by U.S.

T is for tariffs
Economy|Europe|Finance

France and Spain inflation data, ECB survey bolster case for rate cuts

Inflation in March came in far below forecasts in two of the euro zone's largest economies, data showed on Friday, while consumer expectations for price growth remained muted,

France and Spain inflation data, ECB survey bolster case for rate cuts
Asia|Business|Economy|Finance

China accelerates government bond issuance in Q1 to highest on record

China stepped up fiscal support and accelerated the pace of government bond issuance to the highest on record in the first quarter of this year, according to Reuters calculations

China accelerates government bond issuance in Q1 to highest on record
Economy|Finance|Political|US

CBO sees US deficits rising over 30 years, economic growth slowing

The U.S.

CBO sees US deficits rising over 30 years, economic growth slowing
Economy|Finance|Political|US

US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says

Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, the nonpartisan Congressional Budget Office said Thursday

US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says
Business|Economy|US

US goods trade deficit narrows in February

The U.S. trade deficit in goods narrowed in February amid a rise in exports, which could temper economists' expectations for a sharp slowdown in economic growth in the first

US goods trade deficit narrows in February
Business|Economy|Finance|Political|Stock Markets|US

Barclays switches preference to global fixed income over equities on tariff risks

Barclays said on Thursday it favors fixed income investments over equities for the first time in "several quarters" and warned global economic growth was at risk due to U.S.

Barclays switches preference to global fixed income over equities on tariff risks
Americas|Business|Economy

Brazil central bank raises long-term inflation forecasts, sees challenging path to target

Brazil's central bank raised its inflation projections on Thursday for the long-term despite anticipating weaker economic activity this year, and said that this scenario makes

Brazil central bank raises long-term inflation forecasts, sees challenging path to target