Economic Measures Recession

  • MOSCOW, Oct 4- Russia's economic outlook has improved recently thanks to higher oil prices but a lack of reforms means its longer-term prospects still look bleak, the International Monetary Fund said on Tuesday. Russia's gross domestic product is now seen falling 0.8 percent in 2016 before growing 1.1 percent in 2017, the IMF said. The revision brings the...

  • SANTIAGO, Oct 3- Chile's economy is expected to recover from a weak 2016 to grow 2.25 percent in 2017, Finance Minister Rodrigo Valdes said on Monday, underlining his "orderly" approach to public finances on the back of an austere 2017 budget. That has complicated an ambitious reform drive by center-left President Michelle Bachelet. Financing reforms to...

  • SAO PAULO, Sept 30- Brazilian President Michel Temer said on Friday he wants to "vaccinate" the country against "fiscal populism" with constitutional reform limiting increases in public spending that he expects to be approved by Congress. In a reminder of the enormous budgetary challenge facing Latin America's largest economy, which lost its coveted...

  • Demonstrators protest against austerity measures in Athens, Greece.

    Syriza has set Greece’s economy back two years, the leader of the country’s main opposition party said, as he called for snap elections.

  • ATHENS, Sept 29- Greece has forecast 2.7 percent economic growth next year, its first rebound after seven years of crippling recession, as investment picks up and tourism surges, a government official familiar with the draft budget said on Thursday. The recipient of three international bailouts, Greece's economy has shrunk by a quarter since a debt crisis...

  • GREECE 2017 BUDGET TO FORECAST 2.7 PCT ECONOMIC GROWTH NEXT YEAR, SHAKING OFF SEVEN YEARS OF RECESSION- GOVT SOURCE.

  • CHICAGO, Sept 28- International Monetary Fund Managing Director Christine Lagarde said on Wednesday the institution would lower its 2016 U.S. growth forecast again and called policies that restrict trade "economic malpractice" that would choke off growth. Lagarde, in prepared remarks at Northwestern University ahead of next week's IMF and World Bank annual...

  • BRASILIA, Sept 27- Brazil's central bank expects annual inflation to ease below the government's 4.5 percent target in 2017 after years of hovering well above that goal, leaving the door open for cutting some of the world's highest interest rates as early as October. "The report consolidated the idea that the bank will cut rates in October," said Otavio Luis Leal,...

  • Crude oil refining in Russia

    A touted oil production freeze by Saudi Arabia might not be enough to boost crude prices, even if it goes ahead, the Russian finance minister told CNBC.

  • LONDON, Sept 20- Britain's economy is likely to grow at a reasonable pace in the coming years, slowing less than most economists expect as it overcomes "modest" fallout from June's Brexit vote, new Bank of England policymaker Michael Saunders said. Saunders voted to keep interest rates unchanged at a record-low 0.25 percent last week, in his first Monetary Policy...

  • Vendors display tomatoes and pepper at Mile 12 market in Lagos, on June 21, 2016.

    Nigeria's finance minister hinted on Monday that the country's government might opt for asset sales next year to boost the public coffers as the economy struggles.

  • Trump's trade policies could be 'horribly destructive'

    A Peterson Institute for International Economics study suggests Donald Trump's trade policies could send the US into recession.

  • US currency being printed

    The next world economic downturn is most likely to come from the U.S., Fitch Ratings’ chief economist has warned.

  • MELBOURNE, Sept 14- London copper hovered close to three-week highs on Wednesday after brighter economic gauges in the United States and Chinese economies offered more evidence of a global recovery, though expectations of growing supply kept a lid on prices. *London Metal Exchange copper inched up by 0.2 percent to $4,660 a tonne by 0053 GMT, after closing...

  • Truck on road

    If the transportation industry is any indicator — and it usually is — then the economy could be on the brink of a downturn.

  • LONDON, Sept 8- The bounce back in Britain's economy from the initial shock of the Brexit vote has expanded to the country's recruitment and housing markets, according to two surveys which previously painted a bleak outlook. The Recruitment and Employment Confederation- which last month said hiring was in "dramatic freefall"- said firms increased permanent...

  • LONDON, Sept 8- The bounce back in Britain's economy from the initial shock of the Brexit vote has expanded to the country's recruitment and housing markets, according to two surveys which had previously painted a bleak outlook. The Recruitment and Employment Confederation- which last month said hiring was in "dramatic freefall"- said firms increased permanent...

  • LONDON, Sept 7- Bank of England Deputy Governor Jon Cunliffe said on Wednesday he expects to vote for another interest rate cut this year if the economy evolves as the central bank expects. "If the economy evolves as set out in the August forecast, I would expect to vote for another cut in Bank Rate this year as highlighted in the Minutes of the MPC's August meeting,"...

  • Vendors display tomatoes and pepper at Mile 12 market in Lagos, on June 21, 2016.

    Nigeria will have to turn to industries other than oil to pull itself out of recession, experts say, after recent sobering government data.

  • LONDON, Sept 5- Britain's economy showed its clearest sign to date of bouncing back from the initial shock of June's vote to leave the European Union, but a big slowdown in growth and a further Bank of England rate cut remain on the cards. A closely-watched monthly gauge of Britain's giant services industry published on Monday reported a record leap in activity in...