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US economy beats expectations with spring surge
The world's largest economy expanded at an annual rate of 2.4% in the three months to June. More »
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#GDP
41 posts
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Japan’s record economic plunge wipes out Abe era gains
TOKYO (Reuters) – Japan was hit by its biggest economic slump on record in the second quarter as the coronavirus pandemic emptied shopping malls and crushed demand for cars and other exports, bolstering the case for bolder policy action to prevent a deeper rec... More »
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Thai economy sees biggest contraction since Asian financial crisis in second-quarter
BANGKOK (Reuters) – Thailand’s economy saw its biggest annual contraction in 22 years and a record quarterly fall in the April-June period, as the coronavirus pandemic and restriction measures hit tourism, exports and domestic activity, prompting an outlook do... More »
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Indonesia second quarter GDP seen shrinking 4.61% year-on-year, weakest since 1999: Reuters poll
JAKARTA (Reuters) – Indonesia’s economy likely posted the biggest contraction in more than two decades in the second quarter, as measures taken to combat the coronavirus pandemic hit most sectors, a Reuters poll showed on Monday. The median forecast of 20 anal... More »
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Canada GDP likely to rise 3% in May on gradual reopening
OTTAWA (Reuters) – Canada’s real GDP is likely to grow 3% in May, bouncing back from a record decline in April, Statistics Canada said in a flash estimate on Friday, as businesses across the country began to reopen following coronavirus-linked shutdowns. Growt... More »
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Deutsche Bank expects German economy to contract 4%-5% in 2020
LONDON (Reuters) – Deutsche Bank slashed its forecast for Germany’s economy on the coronavirus fallout, saying it now expected the euro zone’s largest economy to contract between 4-5% in 2020 while industrial production could shrink by 10%. “Within days lockdo... More »
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Malaysia’s fourth-quarter GDP growth seen slowing to weakest in 3-1/2 years: Reuters poll
KUALA LUMPUR (Reuters) – Malaysia’s economic growth in the fourth quarter is expected to have slowed to its weakest since mid-2016 on weaker private consumption and external demand, a Reuters poll showed. The median forecast from the poll of 13 economists was ... More »
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Congo central bank lowers 2019 GDP growth forecast to 4.6%
KINSHASA (Reuters) – The Congolese central bank expects the economy to grow 4.6% in 2019, after revising down an earlier estimate of 5.1% during a policy meeting on Friday. The new figure is more in line with a forecast from the International Monetary Fund, wh... More »
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Spain trims GDP growth target for 2019 and 2020
MADRID (Reuters) – Spain’s acting government trimmed its growth forecasts on Tuesday as part of draft budgetary plans submitted to the European Commission and raised a deficit estimate, at a time when political gridlock prevents Madrid from having much margin ... More »
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Weaker exports hit German economy but budget surplus still high
BERLIN (Reuters) – Germany’s economy contracted on weaker exports in the second quarter, detailed data showed on Tuesday, highlighting the Achilles heel of Europe’s largest economy due to escalating trade disputes and waning foreign demand. The Federal Statist... More »
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China second quarter GDP growth slows to 27-year low as trade war…
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. While more upbeat June factory output and retail sales o... More »
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Indonesia first-quarter GDP growth misses forecast as investment cools
JAKARTA (Reuters) – Indonesia’s economy expanded more slowly than expected in the first quarter of this year, as investment dropped ahead of elections and campaign spending failed to sustain growth momentum. Southeast Asia’s largest economy grew 5.07 percent i... More »
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Turkish fourth quarter GDP contracts 3 percent, worst performance…
ISTANBUL (Reuters) – The Turkish economy contracted a sharper than expected 3.0 percent in the fourth quarter of 2018, its worse performance in nearly a decade, in the clearest sign yet that last year’s currency crisis is tipping it into recession. Turkey, a m... More »
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For Turkey’s economy, the worst is behind it: Albayrak
ISTANBUL (Reuters) – The worst is now behind Turkey’s economy, Turkish Finance Minister Berat Albayrak said on Monday, following the release of official data showing the economy contracted at a sharper than expected 3.0 percent in the fourth quarter of 2018. O... More »
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Taiwan’s economy to slow in fourth quarter as exports falter:…
TAIPEI (Reuters) – Taiwan’s economic growth probably slowed in the fourth quarter as the island’s technology exports were hit by softening global demand and fallout from the U.S.-China trade war. The median forecast in a Reuters poll of 14 economists was for f... More »
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Net exports help Greek economic recovery gain traction in first…
ATHENS (Reuters) – Greece’s economy grew for a fifth straight quarter in January-to-March and at a faster pace than in the previous three months, helped by stronger exports, the statistics service (ELSTAT) said on Monday. Seasonally adjusted data showed gross ... More »
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‘Just a blip’: German growth slows in first quarter on weak trade
BERLIN (Reuters) – German economic growth slowed slightly more than expected in the first quarter of the year due to weak trade, data showed on Tuesday, but analysts called it a blip and predicted Europe’s biggest economy would shift into a higher gear again. ... More »
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Philippines economy seen ending 2017 on high note as fourth-quarter gr
Buildings are seen as vehicles pass through the financial district of Makati city, metro Manila, Philippines November 22, 2017. REUTERS/Romeo Ranoco MANILA (Reuters) – The Philippines’ economy was expected to have ended 2017 on a solid footing with growth in t... More »
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China fourth-quarter GDP growth to slow on debt, pollution clampdown
FILE PHOTO: Workers lay bricks to build a wall around a construction site in Beijing, China, December 15, 2017. REUTERS/Thomas Peter/File Photo BEIJING (Reuters) – China’s economic growth is expected to have slowed slightly in the fourth quarter from the previ... More »
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Nigeria`s economy emerges from recession in second quarter, statistics office says
Nigeria's economy grew out of recession in the second quarter of 2017, expanding 0.55 percent year-on-year, the statistics office said on Tuesday. More »
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India`s GDP growth seen picking up to 6.6 percent but GST fogs outlook
India's economic growth likely accelerated to 6.6 percent in the quarter just ended, but analysts polled by Reuters are sounding increasingly worried that confusion over a new goods and services tax will dampen activity in coming months. More »
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Solid German growth gives Merkel election tailwind
Strong household and state spending consolidated Germany's role as the euro zone's growth engine in the second quarter, helping Chancellor Angela Merkel to burnish her economic credentials less than six weeks before an election. More »
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Japan second-quarter GDP blows past expectations on robust domestic demand
Japan's economy grew in the second quarter at the fastest pace in more than two years as consumer spending and capital expenditure both rose at the fastest in more than three years, highlighting stronger domestic demand. More »
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China`s strong second-quarter GDP growth paves way for deeper reforms
A man walks at Lujiazui financial district of Pudong in Shanghai, China July 17, 2017. China’s economy expanded faster-than-expected in the second quarter, setting the country on course to comfortably meet its 2017 growth target and giving policymakers room to... More »
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Japan`s first quarter growth halved by oil inventory squeeze, recovery seen on track
FILE PHOTO: People walk in Omotesando shopping district in Tokyo, Japan May 17, 2017. REUTERS/Toru Hanai/File Photo Japan’s economic growth was much weaker in the first quarter than initially estimated, the Cabinet Office said, but analysts made light of the d... More »
New Zealand`s robust growth likely softened in fourth quarter
New Zealand’s economy, which surged in 2016’s third quarter, likely cooled in the final three months, as heavy spring rain cut dairy production and a deadly earthquake struck. More »
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Domestic demand drives German growth in fourth quarter
People carry bags outside a shopping mall on the last day of Christmas shopping in Berlin December 23, 2014. REUTERS/Hannibal Hanschke The German economy quadrupled its growth rate to 0.4 percent in the fourth quarter of 2016 as higher state spending, rising p... More »
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Hong Kong hands out generous budget, paints brighter outlook
FILE PHOTO – Containers are seen at Container Terminal 9 during sunset at Hong Kong’s Kwai Chung district September 7, 2012. REUTERS/Bobby Yip/File Photo Hong Kong handed out billions of dollars in tax cuts and poverty relief on Wednesday to reflate its econom... More »
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Exports prop up Japan fourth quarter GDP growth, U.S. protectionist risks loom
People walk on a street at Tokyo’s Ginza shopping district, Japan, February 12, 2017. REUTERS/Toru Hanai Japan’s economy grew for a fourth straight quarter in the final three months of last year as a weaker yen supported exports, but tepid private consumption ... More »
China should target 6.5 percent economic growth in 2017: think tank
Employers work at a construction site for an offshore oil platform in Qingdao, Shandong province, China, December 1, 2016. Picture taken December 1, 2016. REUTERS/Stringer China should set an economic growth target of around 6.5 percent for 2017, although it i... More »
Singapore seen confirming third-quarter GDP contraction, Trump adds to risks
People look out from the observation tower of the Marina Bay Sands amongst public and private residential apartment buildings in Singapore, February 22, 2016. REUTERS/Edgar Su/File Photo Singapore’s economy is expected to have contracted at a less steeper pace... More »
Japan’s economy stalls in April-June, casts doubts on Abe’s policies
By Leika Kihara and Tetsushi Kajimoto | TOKYO TOKYO Japan’s economic growth ground to a halt in April-June as weak exports and shaky domestic demand prompted companies to cut spending, putting fresh pressure on premier Shinzo Abe to come up with policies that ... More »
Euro zone economic growth slows in quarter before Brexit
BRUSSELS Economic growth in the euro zone slowed in the second quarter as uncertainty before the British vote to leave the European Union swirled, data showed on Friday, and economists said it could be a sign of future weaker growth. Gross domestic product (GD... More »
South Korea second-quarter GDP growth expected to top first-quarter, but only just
SEOUL South Korea’s economic growth was expected to show little improvement over April-June versus the first quarter in sequential terms, a Reuters poll found on Monday, as weak exports and capital investment continue to undermine growth. The economy was expec... More »
Saudi non-oil GDP growth to slow to 2.8 percent this year: central bank chief
DUBAI Growth in Saudi Arabia’s non-oil gross domestic product is expected to slow to 2.8 percent in 2016 from 3.4 percent in 2015, Saudi central bank governor Ahmed al-Kholifey told state television station Ekhbariya. Kholifey, speaking in an interview broadca... More »
China economy to grow 6.6-6.8 percent in 2016, government think-tank
BEIJING China’s economy is likely to grow between 6.6 percent and 6.8 percent in 2016, the Shanghai Securities News said quoting the Chinese Academy of Social Sciences (CASS). The forecast was made in the think-tank’s Blue Book on China’s economy that was rele... More »
GDP data to show economy racing, realities less rosy
NEW DELHI India will release data on Monday showing it remains one of the fastest growing economies in the world, but economists are struggling to reconcile that rosy picture with ground realities like weak exports, investment, and flat corporate order books. ... More »
Japan relapses into recession in July-September, a blow to “Abenomics”
TOKYO Japan slipped into its fourth technical recession in five years between July and September – spotlighting how the government’s “Abenomics” policies have struggled to drag the economy out of chronic stagnation. Official data on Monday showed the world’s t... More »
Instant View: China third-quarter GDP slightly beats forecast, output and investment weaker
BEIJING China’s economic growth eased to 6.9 percent in the third quarter from a year earlier, beating expectations but still the slowest since the global financial crisis, putting pressure on policymakers to roll out more support measures as fears of a sharpe... More »
South Korea central bank chief says 2015 growth will be near 2.8 percent
SEOUL South Korea’s central bank chief said on Monday economic growth this year will be near the 2.8 percent level the bank had forecast in July. The central bank will revise its forecasts later this month. “Domestic consumption is considered to be in recovery... More »
China revises down 2014 GDP growth to 7.3 percent from 7.4 percent
BEIJING China has revised its annual economic growth rate in 2014 to 7.3 percent from the previously released figure of 7.4 percent, the National Bureau of Statistics said on Monday. Gross domestic product stood at 63.6 trillion yuan ($10.00 trillion) last yea... More »
