Economic Measures Recession

  • BUENOS AIRES, Dec 7- Two senior Argentine government officials reiterated on Wednesday a forecast for 3.5 percent economic growth next year, despite recent reductions in projections below that level by banks and consultants. Latin America's third-largest economy remains in recession one year into center-right President Mauricio Macri's term, as a...

  • BUENOS AIRES, Dec 7- Argentina's finance minister Alfonso Prat-Gay reiterated the government's forecast for 3.5 percent growth next year on Wednesday, despite recent reductions in projections below that level by banks and consultants. Latin America's third-largest economy remains in recession one year into center-right President Mauricio Macri's...

  • PHOENIX, Dec 5- Federal Reserve officials cautioned on Monday that the incoming Trump administration's economic plans should not be cast as if the economy is in crisis, but instead be designed to help the economy's long-run prospects. Louis Fed President James Bullard said in remarks in Phoenix at a luncheon sponsored by Arizona State University.

  • However, Abrahão said asset repatriation could gain even more momentum if Brazil's government wins congressional approval for deficit-cutting bills under discussion and succeeds in pulling Latin America's No. 1 economy out of a deep recession. Abrahão's remarks underscore the view that Brazil's fiscal agenda could transform the country's long-term...

  • HELSINKI, Nov 26- Finland may need to cut public spending by a further 1 to 2 billion euros next year, Finnish Finance Minister Petteri Orpo said on Saturday. The euro zone member's economy is struggling to restore growth after a decade of stagnation as the impact of the sharp decline in Nokia's former phone business was exacerbated by high labour costs and a...

  • Technical recession in Singapore unlikely this year: Economist

    Growth in the finance and insurance sectors will help Singapore avoid a technical recession, says HSBC's Joseph Incalcaterra.

  • The company forecast revenue for the new fiscal year would fall about 1 percent from $26.6 billion in 2016, with net income declining to about $1.4 billion from $1.52 billion in 2015.. The outlook "tells you that the global farm recession will continue," Argus Research analyst Bill Selesky said. Net income attributable to Deere fell to $285.3 million, or 90 cents...

  • BRASILIA, Nov 21- Brazil's government lowered its forecast for economic growth in 2017 to 1.0 percent from 1.6 percent, echoing recent market pessimism as the country struggles to exit its worst recession in at least eight decades. Brazil's economy is expected to return to growth in the first quarter of 2017, Fabio Kanczuk, the finance ministry's secretary of...

  • The buck stops with Donald Trump: Expert

    William Rhodes, CEO of William R. Rhodes Global Advisors, talks about Donald Trump's influence on trade policy and the probability of a new financial crisis.

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls? Nov 17- U.S. economic forecasts haven't changed much since Donald Trump's shock win in the U.S. presidential election, but uncertainty has jumped amid a lack of clarity on possible aggressive tax cuts and trade barriers in the coming years. The dollar hit a 13-1/ 2 year high this week against a basket...

  • California has collected $1 billion less than it had anticipated in tax revenues since the start of the fiscal year in July and nearly $400 million less than it had projected during the month of October. California's budget is subject to "many volatile and unpredictable economic conditions," according to a report released on Wednesday by California's...

  • A 45% tariff on China would be self-defeating: Economist

    Tariffs of such a magnitude would cause the U.S. economy to stall and could result in a similar response from China, says Morgan Stanley's Ellen Zentner.

  • BRASILIA, Nov 15- The International Monetary Fund's executive board said on Tuesday the Brazilian economy could be close to pulling out of a grueling recession, but faces a long and bumpy recovery that hinges on the approval of unpopular reforms. In its considerations of the IMF staff's annual report on Brazil, the executive board said that despite the new...

  • SAO PAULO, Nov 11- Improving confidence and economic conditions will pave the way for a gradual recovery in Brazil's banking industry next year, feeding into more demand for credit, executives at Banco Bradesco SA said on Friday. In a conference call to discuss third-quarter results, Chief Executive Officer Luiz Carlos Trabuco said the country's recession...

  • *Britain's GDP rise to nearly halve next year. BRUSSELS, Nov 9- Euro zone and Britain's growth will slow next year, the European Commission said on Wednesday, cutting its economic forecasts for 2017 because of increased political uncertainty, including Britain's Brexit vote, and weakening global trade. "Political uncertainty" after Britain's vote to leave the EU...

  • LONDON, Nov 9- Donald Trump's victory in the U.S. presidential election set off a tidal wave of selling across emerging markets, taking equities to three-month lows as the Mexican peso led massive currency falls. Europe- listed equity exchange-traded funds slumped as much as 10 percent. "The uncertainties surrounding the future economic and political outlook...

  • BRASILIA, Nov 8- President Michel Temer said on Tuesday he expects Brazil's economy to emerge from a severe recession in the second half of next year, later than expected by most economists. He added Brazil, Latin America's largest economy, is making strides toward restoring business confidence and recovering the investment grade credit rating that it lost...

  • BRASILIA, Nov 8- Brazilian President Michel Temer said on Tuesday that he expects the nation's economy to return to growth in the second half of next year, a later recovery than now expected by most economists. Economists see confidence returning and economic activity beginning to pick up, which has raised expectations that Brazil will overcome its worst...

  • LONDON, Nov 3- The European Bank for Reconstruction and Development has warned of a potentially "scary" economic hit to its bloc of countries if Britain's exit from the European Union goes badly and fuels a backlash against market economy reform. The development bank published new forecasts on Thursday that showed a modest upgrade to growth this year in its 36-...

  • *Budget deficit reduction set to exceed original plan. *Foreign borrowing channel eases pressure on currency. RIYADH, Nov 3- Saudi Arabia has avoided an economic crisis due to low oil prices this year but the outlook for state finances and growth will remain murky for many months to come, businessmen and analysts in the kingdom say.