Tag: GDP

Tuesday, August 28th 2018 - 09:02 UTC
Argentine economy expected to contract 1% this year and rebound 1.5% in 2019

Argentina’s economy is expected to contract 1% in 2018, but grow by at least 1.5% next year, Minister Nicolas Dujovne told reporters on Monday. Dujovne said the government was maintaining its fiscal deficit target of 2.7% of GDP for full-year 2018. The government also expects a current account deficit of 3% of GDP in 2019, he said.
Monday, August 27th 2018 - 08:36 UTC
A no-deal Brexit poses an “existential threat” for the UK, says ex head of the European Council

A no-deal Brexit could lead to the break-up of the UK, the ex-president of the European Council has warned. Herman Van Rompuy told The Observer leaving the EU without a deal posed an “existential threat” to the UK. He added a no-deal scenario would have a “big impact” on “regions such as Scotland”.
Friday, August 24th 2018 - 08:50 UTC
Argentina’s economy contracts in June for the third month running

Argentina’s economy contracted 6.7% in June compared with the same month last year, and 1.3% compared with May, government statistics agency Indec said on Thursday. June was the third consecutive month of decline following 5.2% in May and 0.6% in April.
Tuesday, July 17th 2018 - 09:30 UTC
Brazilian market lowers 2018 economic growth to 1.5%, reveals central bank survey

Brazil's financial institutions on Monday reduced the 2018 economic growth forecast to 1.5%, half the initial estimate issued at the beginning of the year, according to the Central Bank weekly survey. The Focus Bulletin, which interviews analysts and economists from Brazil's financial market every Monday, the country's growth estimate was actually reduced from the previous week's 1.53%.
Tuesday, June 26th 2018 - 09:03 UTC
UK government under pressure to increase defense budget to 3% of GDP

The British government must increase spending on the armed forces if Britain is to maintain its defense relationship with the United States, MPs have warned. The Commons Defense Committee said without further investment, UK forces would struggle to maintain “interoperability” with the US military, diminishing their usefulness as allies.
Wednesday, June 6th 2018 - 08:27 UTC
Brazil's central bank survey lowers 2018 growth forecast to 2.18%

Brazil's financial market has downgraded its 2018 economic growth forecast from 2.37% to 2.18%, according to a Focus poll released on Monday by the Central Bank. Four weeks ago, a similar survey of the country's leading financial institutions showed GDP was expected to expand 2.7%.
Wednesday, January 31st 2018 - 08:55 UTC
UK economy expands 0.5% in fourth quarter and 1.8% for the whole of 2017

The UK economy expanded at a slightly faster pace in the fourth quarter on services and manufacturing output, but the full-year growth was the weakest in five years, preliminary data from the Office for National Statistics showed. GDP grew 0.5% sequentially in the fourth quarter, while the rate was forecast to remain unchanged at 0.4%.
Thursday, June 21st 2012 - 09:48 UTC
Inclusive Wealth Indicator, with human capital data, discussed at Rio+20

A new index that measures a nation's wealth by taking into account factors such as natural resources, social stability and wellbeing, has painted Colombia and Venezuela in a very different light to that suggested by their GDP (gross domestic product) — the traditional measure of a country's success.
Friday, December 9th 2011 - 07:16 UTC
November inflation in Brazil up 0.52% and 6.64% in last twelve months

Brazilian consumer prices rose faster than expected in November. Inflation as measured by the benchmark IPCA index, quickened to 0.52% last month from 0.43% in October.
Wednesday, October 5th 2011 - 22:05 UTC
Canadian rating agency upgrades Argentina, but warns about external shock

DBRS rating agency from Canada upgraded on Wednesday its ratings on Argentina's long-term foreign and local currency securities to “B” from B (low). The trends have been revised to Stable.