Fed’s long-term GDP outlook is dismal; the economy hasn’t got the message yet
WASHINGTON, Aug 21 (Reuters) – After puzzling for years over the sluggish U.S. rebound from the 2007-2009 recession, the Federal Reserve had a reckoning at...
IMF says public debt is growing faster than pre-COVID projections
Public debt to return to nearly 100% in 2028 Growth in debt dominated by U.S., China 39 low-income countries in or near debt distress WASHINGTON,...
Slower China factory activity growth challenges economic recovery prospects
Manufacturing PMI 51.9 in March vs 52.6 in Feb Non-manufacturing PMI expands at fastest pace in nearly 12 years BEIJING, March 31 (Reuters) – China’s...
Hong Kong home prices drop 15.6% in 2022, snap 13 years of gain
Jan 27 (Reuters) – Private home prices in Hong Kong, one of the most unaffordable territories in the world, fell 15.6% in 2022 in the...
China’s 2022 economic growth one of the worst on record, post-pandemic policy faces test
China Q4 GDP growth slows; 2022 growth one of worst on record 2022 GDP grows 3.0%, far below official target Dec factory output, retail sales...
China consumer inflation accelerates in Dec; PPI falls with soft demand
BEIJING, Jan 12 (Reuters) – China’s annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained...
Chinese leaders to signal more stimulus for 2023 as COVID clouds outlook
BEIJING, Dec 13 (Reuters) – When China’s leaders gather this month to set next year’s economic agenda, they will likely map out more stimulus steps,...
Oil drops in volatile trade, records biggest weekly slump in months
WTI, Brent slump over 10% for the week Steepest weekly decline since April in WTI, since Aug in Brent Market flips to contango, indicating weak...
Falling Q4 profit forecasts another negative for U.S. stocks
NEW YORK, Nov 18 (Reuters) – After a disappointing third-quarter reporting period, analysts are projecting that fourth-quarter U.S. earnings will decline for the first time...
Japan’s economy unexpectedly shrinks as hot inflation, global slowdown take toll
Japan Q3 GDP down 0.3% q/q, annualised down 1.2% High import costs, global recession risks heap pressure Weak yen magnifies living costs, adds to Tokyo’s...