Australia downgraded its growth forecasts overnight and predicted larger than expected budget deficits over the next four years, heightening concerns the country could lose its AAA credit rating. The resources-driven economy has enjoyed more than […]
The German economy is expected to have recovered more strongly than expected in the final quarter of 2016, with a rise in industrial orders and several surveys reporting market confidence, according to the Ifo Institute. […]
A survey of local economists by the Monetary Authority of Singapore shows a widespread expectation that GDP will grow 1.4% this year, falling short of the targeted 1.8%, along with a worse-than-predicted decline in non-oil […]
Japan cut its third-quarter GDP expansion to 1.3% from a preliminary estimate of 2.2%. The Cabinet Office said capital investment took a big drop as businesses drew down inventories, rather than buy products. Reuters (08 […]
The American economy will grow 2.2% in 2017, according to economists surveyed by the National Association for Business Economics. Those surveyed also predicted a 4.7% unemployment rate and an increase of 2.3% for consumer prices. […]
The Group of 20 nations’ leaders reached agreement on the need for increased spending as well as to use other fiscal, monetary and structural tools to bolster the world’s faltering economy. The closing communique also […]
Plentiful monsoon rains that have improved the outlook for India’s vast agricultural sector should lift overall growth this year to 8%, Economic Affairs Secretary Shaktikanta Das said. Das also cited recently introduced structural reforms whose […]
The South Korean economy’s growth pace of 2.7% this year should improve to 3% in 2017 with the help of greater private consumption and a more robust housing market, the International Monetary Fund predicts. Difficulties […]
The International Monetary Fund predicts 6.6% growth in China’s economy this year with 2% inflation, praising Beijing’s reform drive as a positive contributor to enviable performance. However, the IMF also pointed to the predominance of […]
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