gdp
Top StoriesDollar Hits Three-Week Low to Yen as Fed’s Powell Less Hawkish Than Feared
Top StoriesAmid Clouds on Economic Horizon, Spain’s Jobless Rate Stays Below 3 Million Mark
Top StoriesU.S. Exports, Business Spending May Salvage Second-Quarter GDP
Top StoriesEarnings Enliven Recession-Focused Markets Ahead of Fed Meeting
U.S. Goods Trade Deficit Narrows Sharply; Core Capital Goods Shipments Strong
Date: July 27, 2022
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed sharply in June amid a surge in exports, which could potentially calm fears that the economy contracted again in the second quarter. Gross domestic product last quarter also likely received a lift from business spending on equipment, with other data from the...
Global Growth Headed Down as Inflation Surge to Endure
Date: July 27, 2022
By Hari Kishan BENGALURU (Reuters) – The global economy is mired in a serious slowdown, with some key economies at high risk of recession and only sparse meaningful cooling in inflation likely over the coming year, according to Reuters polls of hundreds of economists worldwide. Most central banks are only part-way through a still-urgent cycle...
IMF Cuts Global Growth Outlook, Warns High Inflation Threatens Recession
Date: July 26, 2022
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked. Global real GDP growth will slow to 3.2% in 2022 from a...
Caterer Compass Raises Growth Forecast in Post-Pandemic Recovery
Date: July 26, 2022
By Eva Mathews (Reuters) – Compass Group, the world’s largest caterer, raised its revenue growth forecast for the second time this year on the back of new business wins, helping push its shares to their highest in more than two years. Compass, which feeds office workers, the armed forces and school children in 44 countries,...
Analysis-Crisis of Confidence Stifles China’s Economic Recovery
Date: July 26, 2022
By Kevin Yao and Sophie Yu BEIJING (Reuters) – Chinese beef hotpot restaurant chain Baheli, which makes only a third of the revenue it earned before the COVID-19 pandemic, has no intention to resume its expansion, even if authorities bring new infections to zero. The problem, founder Lin Haiping says, is that consumers would not...
Dollar Down for Third Straight Session With Fed in Focus
Date: July 25, 2022
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar weakened against a basket of major currencies on Monday, as investors weighed the implications of a rate hike by the U.S. Federal Reserve in an economy that may be on the cusp of a recession. The central bank is widely expected to raise interest rates by...