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

economic 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
Asia|Business|Economy|Finance|World

China's central bank says debt level rising, easing on track

China's overall level of debt has topped 300% of GDP and is likely to climb further, but the central bank will continue to ease policy when needed, Xuan Changneng, deputy

China's central bank says debt level rising, easing on track
Asia|Business|Economy|Entertainment|Political|Travel

Thai cabinet approves draft law for casinos, with limits for local gamblers 

Thailand's cabinet on Thursday approved a draft law for casinos and entertainment complexes, as the government looks to attract more

Thai cabinet approves draft law for casinos, with limits for local gamblers 
Business|Economy|Finance|Political|US

Front-loading ahead of tariffs boosts US durable goods orders

Orders for long-lasting U.S. manufactured goods unexpectedly rose in February as businesses rushed to avoid potential price increases from tariffs, likely

Front-loading ahead of tariffs boosts US durable goods orders
Business|Economy|Europe|Finance

UK house prices jump by most in two years, ONS says

British house prices rose at their fastest pace in two years in the 12 months to January, according to official data published on Wednesday.

UK house prices jump by most in two years, ONS says
Asia|Business|Economy|Finance|Stock Markets

Morgan Stanley raises Chinese stock targets again on earnings optimism

Wall Street firm Morgan Stanley raised on Wednesday its index targets for Chinese shares for the second time this year, citing improved earnings growth forecasts and a more

Morgan Stanley raises Chinese stock targets again on earnings optimism
Americas|Business|Economy|Finance|Political

Brazil planning minister sees room for rate cuts in second half of year

Brazil Planning Minister Simone Tebet said on Tuesday that she believes that conditions should be in place for the central bank to deliver interest-rate cuts in the second half of

Brazil planning minister sees room for rate cuts in second half of year
Business|Economy|Europe|Political|US

Trump policy swerves spur Europe into action, but any 'Europhoria' may be premature

U.S.

Trump policy swerves spur Europe into action, but any 'Europhoria' may be premature
Asia|Business|Economy|Finance|Stock Markets

Indonesia intervenes as rupiah falls to Asian crisis lows

Indonesia's central bank stepped into the currency market to defend the rupiah on Tuesday, as growing concerns over politics, government spending and capital

Indonesia intervenes as rupiah falls to Asian crisis lows
Business|Economy|Education|Political|Technology

BoE's Bailey says AI could jolt UK and world out of slow growth

Bank of England Governor Andrew Bailey said on Monday that artificial intelligence had the potential to be a game-changer for Britain and the global

BoE's Bailey says AI could jolt UK and world out of slow growth
Business|Economy|Europe

German growth edges up in March as manufacturing production rises, PMI shows

Business activity in Germany's private sector rose at the quickest rate for ten months in March, amid a first increase in manufacturing production for almost two

German growth edges up in March as manufacturing production rises, PMI shows
Asia|Economy|Political

Thai PM grilled in censure motion over father Thaksin's influence 

Thailand's opposition on Monday grilled Prime Minister Paetongtarn Shinawatra on the first day of a parliamentary no-confidence motion,

Thai PM grilled in censure motion over father Thaksin's influence 
Business|Economy|Education|Europe|Political

Britain pledges 600 million pounds to tackle construction skills shortages

Britain will invest 600 million pounds ($775 million) to train construction workers and help tackle severe skills shortages that could undermine its plan to build 1.5 million homes

Britain pledges 600 million pounds to tackle construction skills shortages
Business|Economy|Europe|Finance|Political

Russia holds key rate at 21% despite Putin request not to chill the economy

The Russian central bank kept its key interest rate on hold at 21%, its highest level in more than 20 years, despite President Vladimir Putin's

Russia holds key rate at 21% despite Putin request not to chill the economy
Asia|Business|Economy|Political

Role of Indonesia central bank must be strengthened to support growth ambitions, top lawmaker says

The role of the Indonesia's central bank must be strengthened to help support the government's economic growth target of 8% by 2029, a lawmaker heading a parliamentary committee

Role of Indonesia central bank must be strengthened to support growth ambitions, top lawmaker says
Americas|Business|Economy|Finance|Political|Stock Markets

TSX ends marginally down ahead of expected snap election

Canada's main stock index ended marginally lower on Thursday, with losses for technology offsetting gains for energy shares as investors weighed economic uncertainty and

TSX ends marginally down ahead of expected snap election
Business|Economy|Finance|Political|US

So, what is stagflation, anyway, and why is it so scary?

So, what is stagflation, anyway, and why is it so scary?

So, what is stagflation, anyway, and why is it so scary?
Africa|Business|Economy|Finance

South African central bank governor's comments on rate decision

Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago at a news conference to announce the central bank's latest interest rate decision.

South African central bank governor's comments on rate decision
Asia|Business|Economy|Finance|Technology

Taiwan central bank holds rate as expected, sees little impact from US tariffs

Taiwan's central bank held its policy rate unchanged as expected on Thursday, prompted by lingering concerns over inflation and uncertainty about new

Taiwan central bank holds rate as expected, sees little impact from US tariffs
Business|Economy|Europe|Finance|Political

Bank of England set to sit tight on rates as uncertainty mounts

The Bank of England looks set to keep interest rates on hold on Thursday as it awaits the impact on the economy of U.S.

Bank of England set to sit tight on rates as uncertainty mounts
Asia|Business|Economy|Finance

Global banks raise China's growth forecast, ease bearish yuan views

Global investment banks have raised their projections for China's economic growth and turned less bearish on the Chinese currency after early signs of

Global banks raise China's growth forecast, ease bearish yuan views
Asia|Business|Economy|World

China's youth jobless rate rises to 16.9% in February

Joblessness among youth in Chinese cities rose a second month in February, tracking the nation's jobless rate which reached a two-year high, official data showed on Thursday.

China's youth jobless rate rises to 16.9% in February
Asia|Business|Economy

China urged to ramp up support for services consumption

China should step up support for its burgeoning services sector to boost consumption, which top leaders made a priority this year to spur growth amid U.S. tariff disputes,

China urged to ramp up support for services consumption
Business|Economy|Finance|Political|Stock Markets|US

Fed policymakers project two rate cuts this year, some see fewer

U.S. central bankers on Wednesday signaled they are likely to deliver two quarter-point interest-rate cuts later this year, the same median forecast as three months ago, even as

Fed policymakers project two rate cuts this year, some see fewer
Economy|Finance|Political|Stock Markets|US

Instant View: Fed doesn't change rates, will slow pace of balance sheet reduction

The Federal Reserve held interest rates steady on Wednesday, as expected, but U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage

Instant View: Fed doesn't change rates, will slow pace of balance sheet reduction
Americas|Business|Economy

Brazil's government maintains 2025 GDP forecast, sees higher inflation

Brazil's government on Wednesday kept its economic growth forecast for this year unchanged at 2.3%, while slightly increasing its inflation estimate due to "marginal changes" to

Brazil's government maintains 2025 GDP forecast, sees higher inflation
Africa|Business|Economy

Rwanda's economy grew 8.9% in 2024, stats office says

Rwanda's economy grew 8.9% in 2024 compared with 8.2% the previous year, the country's statistics office said on Wednesday, driven by good harvests, and a robust performance in the

Rwanda's economy grew 8.9% in 2024, stats office says
Asia|Business|Economy|Finance|Stock Markets

Indonesia central bank holds rates amid market uncertainties

Indonesia's central bank kept policy rates unchanged for a second straight review on Wednesday, as expected, against a backdrop of turmoil in

Indonesia central bank holds rates amid market uncertainties
Asia|Business|Economy

Thai economy to grow slightly above 2.5%, recovery more uneven, central bank minutes show

Thailand's economy was seen growing slightly more than 2.5% this year, less than earlier expected, minutes of the Bank of Thailand's February 26 monetary policy meeting showed on

Thai economy to grow slightly above 2.5%, recovery more uneven, central bank minutes show
Business|Economy|Finance|US

US manufacturing output accelerates in February

U.S. manufacturing production increased more than expected in February, boosted by a surge in motor vehicle output, but tariffs are casting a shadow on the nascent factory

US manufacturing output accelerates in February
Business|Economy|Europe|Finance|Political

Germany's AAA rating could face pressure in longer run without growth boost, Fitch says

Germany's top AAA credit rating could face pressure in the longer run if a vast spending effort is not offset by consolidation measures, or doesn't lead to a lasting improvement in

Germany's AAA rating could face pressure in longer run without growth boost, Fitch says
Business|Economy|Finance|Stock Markets|US

Tighter credit, slower spending by better-off households may further cloud Fed outlook

Tumbling stock markets and signs of tightening credit may make the Federal Reserve's job even more difficult this week as U.S. central bank policymakers try

Tighter credit, slower spending by better-off households may further cloud Fed outlook
Business|Economy|Europe|Finance|Political

German investor morale rises sharply in March as fiscal policy shift looms

German investor morale improved more than expected in March, the ZEW economic research institute said on Tuesday, reporting an increase in its economic sentiment

German investor morale rises sharply in March as fiscal policy shift looms
Asia|Business|Economy

Japan's land prices rise at strongest pace in 34 years

Japan's land prices rose at their fastest pace in 34 years in 2024 with recovery spreading to regional areas thanks to sustained economic growth, in the latest sign of a pickup in

Japan's land prices rise at strongest pace in 34 years
Americas|Business|Economy|Political|World

Trump trade war to sap Canadian, Mexican and US growth, OECD says

President Donald Trump's tariff hikes will drag down growth in Canada, Mexico and the United States while driving up inflation, the OECD forecast on Monday, cutting

Trump trade war to sap Canadian, Mexican and US growth, OECD says
Business|Economy|Finance|Political|US

Trump’s tariffs are inflicting serious economic damage and reigniting inflation, OECD says

Trump’s tariffs are inflicting serious economic damage and reigniting inflation, OECD says

Trump’s tariffs are inflicting serious economic damage and reigniting inflation, OECD says
Asia|Business|Economy|Finance|Political|US|World

China unveils plan to boost consumption as Trump tariffs bite

China unveils plan to boost consumption as Trump tariffs bite

China unveils plan to boost consumption as Trump tariffs bite