Tag: economic growth

• 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.

• Tuesday, June 2nd 2020 - 09:00 UTC

  Brazilian economy forecasted to contract 6,25% and rebound 3,5% in 2021

  

  Brazil's financial analysts downgraded their economic growth forecast for 2020 from -5.89% to -6.25%, marking the 16th downward adjustment in a row, the Central Bank of Brazil said on Monday.

• Friday, May 22nd 2020 - 08:41 UTC

  Oil prices slump after China omits 2020 economic growth target

  

  Oil prices slumped on Friday after China's decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in the world's second-largest oil user.

• Thursday, March 5th 2020 - 08:46 UTC

  Frustrating Brazilian economic growth in 2019: less than half the forecast at the start of the year

  

  Brazil’s economy expanded by 1.1% in 2019, marking a third straight year of frustrating activity following a massive recession, according to data released on Wednesday.

• Saturday, February 29th 2020 - 07:44 UTC

  Merrill Lynch and JP Morgan cut Brazil's 2020 economic growth to below 2%

  

  Bank of America Merrill Lynch cut its 2020 Brazilian economic growth outlook to under 2.0%, while JP Morgan reduced its outlook for Latin America’s largest economy even further below the threshold that many observers say is highly sensitive for President Jair Bolsonaro’s administration.

• Monday, February 17th 2020 - 08:35 UTC

  IMF admits coronavirus epidemic could damage global economic growth

  

  The coronavirus epidemic could damage global economic growth this year, the IMF head said on Sunday, but a sharp and rapid economic rebound could follow. “There may be a cut that we are still hoping would be in the 0.1 to 0.2 percentage space,” the managing director of the International Monetary Fund, Kristalina Georgieva, told the Global Women's Forum in Dubai.

• Wednesday, February 5th 2020 - 07:10 UTC

  Brazil posts trade deficit in January, the first in five years: exports dropped 20%

  

  Brazil posted a trade deficit of US$1.745 billion in January, official data showed on Monday, the first shortfall for the month of January in five years and an indication that trade might continue to be a drag on overall economic growth.

• Wednesday, January 29th 2020 - 08:10 UTC

  Solid growth of US economy this year, but with increasing federal budgets

  

  The U.S. economy will grow at a “solid” rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting US$1.015 trillion.

• Thursday, January 9th 2020 - 08:35 UTC

  World Bank forecasts global expansion of 2.5% in 2020, but there are also too many uncertainties

  

  Global economic growth is likely to be only slightly faster this year than the weak 0performance seen in 2019, according to a World Bank forecast. The world economy is likely to expand by 2.5% in 2020, up from 2.4% last year, the Bank's economists predict.