Tag: economic growth

• Saturday, February 6th 2021 - 08:38 UTC

  Latin America's second economy grew 12% in third quarter but still 8,6%, below year to year

  

  Mexico’s economy contracted 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction, worsened due to the Covid-19’s pandemic. Latin America's second economy, the gross domestic product grew 3.1% in the final three months of the year, according to preliminary data released on Friday by the National Statistics and Geography Institute.

• Wednesday, January 27th 2021 - 09:20 UTC

  China recovers pre-pandemic growth and is expected to expand 8,1% in 2021 and 5,6% in 2022, IMF

  

  IMF projects China's economy will grow 8.1% in 2021 and 5.6% in 2022. The global growth is expected to be 5.5% in 2021 and 4.2% in 2022 after an estimated 3.5% contraction in 2020, according to the latest World Economic Outlook (WEO) released on Tuesday.

• Wednesday, January 27th 2021 - 08:35 UTC

  IMF, despite pandemic challenges, forecasts a strong economic rebound this year

  

  The global economy is set to lose over US$ 22 trillion between 2020 and 2025, due to the impacts of the coronavirus pandemic the International Monetary Fund (IMF) said on Tuesday. The economy will likely see a strong rebound this year, but the pandemic is causing severe damage said IMF chief economist Gita Gopinath.

• Friday, January 22nd 2021 - 08:32 UTC

  Brazil keeps Selic rate at 2%, but uncertainty about economic growth remains

  

  The Brazil Central bank rate setting committee, Copom, unanimously decided on Wednesday to maintain the Selic rate at 2.00% for the fourth time running, but anticipating that inflation expectations for the next two years have risen and uncertainty surrounds the Brazilian economy in the short term.

• Tuesday, January 19th 2021 - 08:29 UTC

  Brazilian economy forecasted to grow 3,45% this year with 3,75% inflation

  

  Brazilian financial and market analysts upgraded their economic growth forecast for 2021, from 3.41% to 3.45%, and maintained the projection at 2.5% for 2022, the Central Bank of Brazil announced Monday.

• Wednesday, January 6th 2021 - 09:51 UTC

  China's economy is expected 7,9% this year, forecasts the World Bank

  

  The global economy is expected to expand 4% in 2021, with China's economy expected to expand by 7.9% this year, World Bank said on Tuesday, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year.

• Thursday, December 24th 2020 - 08:31 UTC

  China forecast to grow 2% this year and rebound 7,9% in 2021: exports' boom

  

  Economic growth in China is expected to slow to 2% this year, before rebounding to 7.9% in 2021 as private investment and consumption heat up, a World Bank report released on Wednesday projected.

• Thursday, November 26th 2020 - 09:30 UTC

  Fitch Ratings more optimistic about Latin America's “improving economic” environment

  

  Latin American corporate credit indicators point to an improving economic and operating environment for most countries across the region in 2021, according to a series of new reports from Fitch Ratings.

• Thursday, July 16th 2020 - 09:09 UTC

  Chinese economy grows 3,2% in second quarter year-on-year; follows on steep slump of 6,8% in first quarter

  

  China's economy grew 3.2% in the second quarter from a year earlier, data showed on Thursday, recovering from a record contraction as lockdown measures ended and policymakers stepped up stimulus to combat the shock from the coronavirus crisis.

• Thursday, July 9th 2020 - 09:28 UTC

  Brazilian retail sales jumped at an encouraging pace in May

  

  Brazilian retail sales jumped at a record pace in May, official figures showed on Wednesday, suggesting the economy could be on a recovery path as authorities gradually lift social isolation measures taken to curb the spread of the novel coronavirus.