Reuters US Economy

Weak Mexican growth, rising May inflation sound alarms for economy

22 May 2025

By Brendan O’Boyle and Ricardo Figueroa MEXICO CITY (Reuters) -Analysts sounded alarms over Mexico’s economy on Thursday after new data showed feeble growth in the first quarter while inflation spiked outside the central bank’s target range for the first time this year. Gross domestic product (GDP) in Latin America’s second-largest economy grew 0.2% in the …

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Analysis-Global bond markets signal governments must pay more to borrow long-term

22 May 2025

By Vidya Ranganathan and Dhara Ranasinghe SINGAPORE/LONDON (Reuters) -From ho-hum debt auctions to plunging long-term bond prices, investors are sending a clear message to governments that in the current climate of uncertainty they need to pay more to borrow for decades ahead. Yields of government bonds with the longest maturities have risen sharply not just …

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US business activity improves in May; inflation poised to accelerate sharply

22 May 2025

By Lucia Mutikani WASHINGTON (Reuters) -U.S. business activity picked up in May amid a truce in the trade war between Washington and China, but President Donald Trump’s sweeping tariffs on imported goods raised prices for companies and consumers. The survey from S&P Global on Thursday hinted at an acceleration in inflation in the coming months …

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Turkish cenbank keeps inflation forecast at 24%, ready to tighten if needed

22 May 2025

By Nevzat Devranoglu and Ezgi Erkoyun ISTANBUL (Reuters) -Turkey’s central bank left its year-end inflation forecast unchanged at 24% on Thursday but Governor Fatih Karahan said it is ready to tighten policy if inflation worsens, after having pivoted to raising interest rates last month. Presenting the bank’s quarterly inflation report in Istanbul, Karahan said steps …

Turkish cenbank keeps inflation forecast at 24%, ready to tighten if needed Read More »

Japan downgrades view on global economy as US tariffs bite

22 May 2025

By Leika Kihara TOKYO (Reuters) -Japan’s government on Thursday downgraded its assessment on the global economy in the face of uncertainty over U.S. trade policy, signalling its alarm over the broadening fallout from President Donald Trump’s tariffs. In its monthly economic report for May, the government also revised down its assessment for the U.S. economy …

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NZ budget flags lower growth from ‘trade shock’, but reins in spending to 10-year low

22 May 2025

By Lucy Craymer and Praveen Menon WELLINGTON (Reuters) -New Zealand on Thursday set new spending for the current fiscal year at its lowest in a decade, keeping a tight rein on its fiscal purse even as it warned of softer GDP growth and a “trade shock” to the economy from the global tariff war. The …

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Booming services fire up India business growth in May despite rising inflation, PMI shows

22 May 2025

By Anant Chandak BENGALURU (Reuters) -India’s private sector activity accelerated at its fastest pace in over a year in May, driven by robust expansion in services even as price pressures intensified, a survey showed on Wednesday. HSBC’s Flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 61.2 this month from April’s …

Booming services fire up India business growth in May despite rising inflation, PMI shows Read More »

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