Economic Reports Economic Forecasting

  • A PricewaterhouseCoopers survey of nearly 1,400 CEOs released on Monday, on the eve of the annual World Economic Forum in Davos, found that 29 percent expected global economic growth to pick up in 2017, up from only 27 percent last year. Last year's outlook was particularly gloomy due to two years of falling oil prices and slowing growth in China, as well as...

  • WASHINGTON, Jan 16- The International Monetary Fund on Monday said the U.S. economy would grow faster than previously expected in 2017 and 2018 based on the incoming Trump administration's tax and spending plans, but it kept its global growth forecasts unchanged due to weakness in some emerging markets. It estimated a modest fiscal stimulus under...

  • MOSCOW, Jan 16- Russia's annual inflation will stay between 5 and 5.2 percent in January, the economy ministry said on Monday. Consumer prices are set to grow by 0.6-0.8 percent month-on-month in January, the ministry said in a weekly report. Russia's inflation slowed to a post-Soviet low of 5.4 percent in 2016 and the central bank aims to reduce it to 4 percent this...

  • WASHINGTON— The International Monetary Fund is raising its forecast for the U.S. economy this year and in 2018, reflecting an expected boost from the economic policies of President-elect Donald Trump. The IMF also increased 2017 growth projections for a number of other countries including China, Germany, Japan and Britain, but warned that the global economy...

  • IMF FORECASTS 2017 GLOBAL GROWTH AT 3.4 PCT, 2018 GROWTH AT 3.6 PCT, BOTH UNCHANGED FROM OCTOBER FORECASTS.

  • WASHINGTON, Jan 16- The International Monetary Fund on Monday lifted its forecast for U.S. economic growth in 2017 and 2018 based on President-elect Donald Trump's tax cut and spending plans, but said this would largely be offset by weaker growth in several key emerging markets. The United States will see a slight 0.1 percentage-point improvement in 2017 gross...

  • IMF BOOSTS 2017 CHINA GROWTH FORECAST TO 6.5 PCT DUE TO CONTINUED STIMULUS PROGRAMS, 2018 GROWTH UNCHANGED AT 6.0 PCT.

  • BEIJING— The International Monetary Fund on Monday raised its growth forecast for China but warned rising debt that has prompted concern about the country's finances increase the risk of a sharper slowdown. China's growth held steady at 6.7 percent in the three months ending in September, supported by government spending and a boom in real estate sales and...

  • DAVOS, Switzerland, Jan 16- A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos. As political leaders, businessmen and bankers converge on the resort in the Swiss Alps this week, they can draw hope from...

  • *U.S. economy seen outperforming global growth in 2017. HONG KONG, Jan 16- Global growth could be better than expected in 2017, though many uncertainties remain that could impact expansion, with the biggest of them being steep gains in the U.S. currency, Allianz's Mohamed A. El-Erian said on Monday. The outlook for the global economy in 2017 will be similar to that for...

  • SYDNEY, Jan 16- Copper prices climbed on Monday, extending hefty gains that came last week as the outlook for demand brightened in the wake of strong economic data in top consumers of the metal. *The most-traded copper contract on the Shanghai Futures Exchange advanced 1.35 percent to 48,140 yuan a tonne. *Sterling slid to three-month lows in Asia on Monday with...

  • *China aluminum rallies on prospects of winter supply cuts. LONDON, Jan 13- Copper hit a five-week high on Friday while aluminum climbed to its highest in nearly 20 months on optimism about metals demand following strong economic data from top metals consumer China and the United States. "China's demand outlook still looks favorable," said Xiao Fu, head of...

  • Jan 13- An improving economy and attractive deals from retailers powered a better-than-expected 4 percent increase in U.S. holiday sales to $658.3 billion, retail industry group National Retail Federation said. "The economy was clearly stronger in the fall and consumers were more active during the holiday season than they had been earlier in the year," NRF...

  • TOKYO, Jan 13- Japan's Nikkei share average bounced back from two-week lows on Friday, supported by optimism on the domestic economic and earnings outlook, with retailer Seven& i Holdings surging after posting strong earnings.

  • HONG KONG, Jan 13- China's yuan slipped against the U.S. dollar on Friday, even amid a stronger midpoint and support from state banks. The People's Bank of China set the midpoint rate at 6.8909 per dollar prior to market open, firmer than the previous fix 6.9141. China's patchy economic outlook has weighed on the renminbi.

  • SEOUL, South Korea— South Korea's central bank has lowered its forecast for the country's growth in 2017 due partly to the fallout from a massive influence-peddling scandal. Bank of Korea said Friday that the economy will likely expand 2.5 percent this year, slower than its October prediction of 2.8 percent growth. It said Asia's fourth-largest economy will...

  • *BOK keeps rates at 1.25 pct. SEOUL, Jan 13- South Korea's central bank kept interest rates unchanged at a record low 1.25 percent on Friday, for a seventh month, and slashed its growth forecast for 2017 as it braces for U.S. policy developments under the presidency of Donald Trump. "Going forward, we should scrutinise the new U.S. administration and growing household...

  • *China's 2016 exports fall for second year in a row. BEIJING, Jan 13- China's massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017.. Trump may limit the growth of China's exports...

  • NAPLES, Fla., Jan 12- Federal Reserve officials cautioned on Thursday that the fiscal and tax plans sketched out by the incoming Trump administration could trade a short-term economic boost for longer-run inflation and debt problems they might have to counteract. Fed regional bank presidents, in an array of appearances, agreed in principle that the policies...

  • *Spot gold eased 0.1 percent to $1,193.38 per ounce by 0041 GMT. Bullion on Thursday touched a high of $1,206.98, its best since Nov. 23. *Federal Reserve Chair Janet Yellen did not comment on the outlook for the U.S. economy or monetary policy in remarks to teachers, saying improving U.S. education could help raise living standards.