Economic Reports
GDP
"After the hat-trick of disappointing numbers last week and a more dovish sounding Bank of England, a weaker than forecast Q1 GDP on Friday would put to bed any remaining optimism of a May rate hike," said Fiona Cincotta, senior market analyst at City Index. The release will be the last key data issued before the Bank of England's Monetary Policy Committee meeting...
*Q1 GDP +1.1 pct s/adj q/q. SEOUL, April 26- South Korea's economy rallied last quarter, buoyed by healthy exports and a boost from government spending, while private consumption growth remained sluggish. Gross domestic product for the January-March period rose 1.1 percent, the Bank of Korea said on Thursday, rebounding after contracting by 0.2 percent in the...
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SEOUL, April 26- South Korea's economy rallied last quarter, buoyed by healthy exports and a boost from government spending on expanded health care benefits, while private consumption growth remained sluggish. Gross domestic product for the January-March period rose 1.1 percent, the Bank of Korea said on Thursday, rebounding after contracting by 0.2 percent...
China's GDP growth will slow if a trade war with the U.S. ensues. That, along with the Red Giant's debt bubble, puts its future at risk.
Even so, economists predict the Commerce Department will report Tuesday that sales of new homes rose in March. During his two-day testimony before Congress earlier this month, CEO Mark Zuckerberg said regulation of the social network is "inevitable." The Commerce Department delivers its latest quarterly estimate of U.S. economic growth Friday.
Hopes are continuing to dim for breakout first-quarter growth, as economists continue to scale back expectations. Barclays became the latest to capitulate, as it slashed its Q1 estimate for gross domestic product from 2.5 percent all the way to 1.5 percent.
NAIROBI, April 18- Sub-Saharan Africa is on course for economic growth of 3.1 percent this year, the World Bank said on Wednesday, marginally slower than it previously forecast but faster than last year thanks to rising commodity prices. "While Nigeria, South Africa, and Angola are expected to see a gradual pick-up in growth, economic expansion will continue at a...
JPMorgan chief economist Bruce Kasman discusses whether inflationary pressures will slow US growth, as well as the health of the consumer.
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BEIJING, April 18- China's better-than-expected economic expansion in the first quarter was backed by a pickup in construction and industry, while a slowdown in the services and agriculture sectors dragged on growth, official data showed on Wednesday. China's economy expanded 6.8 percent in January-March, beating expectations for a 6.7 percent gain, riding...
A lot of negotiations has to be done by the two economic giants to iron out frictions that saw both threatening to increase tariffs on each other's products in the last few weeks, according to Haibin Zhu, JPMorgan's chief China economist.
BEIJING, April 18- China's better-than-expected economic growth in the first quarter of this year was backed by a pickup in construction and manufacturing, official data showed on Wednesday. China's economy expanded 6.8 percent in January-March, beating expectations for a 6.7 percent gain, riding on the coat-tails of robust property investment and...
Paul Gambles of MBMG Group says China knows the extent of its debt problem, but any attempt to solve it will likely be "very negative for growth."
*GDP forecast for 2018 hiked to 5.6 pct from 3.5 pct. DUBLIN, April 17- Ireland raised its economic growth forecasts for the next four years on Tuesday, predicting gross domestic product would rise 5.6 percent in 2018 as a strong, broad-based recovery continues. By GDP, Ireland's economy has been the best performing in the 28- nation European Union since 2014..
DUBLIN, April 17- Ireland raised its gross domestic product forecasts for the next four years on Tuesday, predicting growth of 5.6 percent this year and 4 percent next, driven by strong growth in employment which is set to pass its pre-crisis peak this year. Ireland's economy has been the best performing in Europe since 2014 and the Finance Ministry, whose figures...
DUBLIN, April 17- Ireland raised its gross domestic product forecasts for the next four years on Tuesday, predicting growth of 5.6 percent this year and 4 percent next, driven by strong growth in employment which is set to pass its pre-crisis peak this year. Ireland's economy has been the best performing in Europe since 2014 and the Finance Ministry, whose figures...
European markets finished Tuesday's session on a positive note, as investors digested the latest news coming out of the corporate space.
SHANGHAI, April 17- China's yuan eased against the dollar on Tuesday on corporate demand for the greenback, while traders shrugged off U.S. President Donald Trump's criticism of Beijing's management of its currency as well as data showing China's economy grew solidly in the first quarter. Lingering concerns over the trade standoff between China and the...
TOKYO, April 17- Asia stocks rose modestly on Tuesday following data showing China's economy grew a little faster than expected in the first quarter. Treasuries ebbing as investor risk appetite improved in parts of the broader markets as investors took the view Western-led strikes on Syria were a one-off intervention. China's economy grew a welcome 6.8...
BEIJING, April 17- China's economy grew 6.8 percent in the first quarter of 2018 from a year earlier, official data showed on Tuesday, slightly above expectations and unchanged from the previous quarter. MARKET REACTION: Asian stock markets and China's shares pulled higher after minor wobbles following the data. The Australian dollar, seen as a liquid proxy for...
BEIJING, April 17- China's economy grew 6.8 percent in the first quarter of 2018 from a year earlier, official data showed on Tuesday, slightly above expectations and unchanged from the previous quarter. MARKET REACTION: Asian stock markets and China's shares pulled higher after minor wobbles following the data. The Australian dollar, seen as a liquid proxy for...
