By Libby George LONDON (Reuters) – Weak external demand and the impact of conflicts slowed economic growth again in countries covered by the European Bank for Reconstruction and Development (EBRD), the lender said in a semi-annual report released on Thursday. The 0.3 percentage point revision, to 3.2% growth for 2025, is the bank’s third straight …
Growth outlook slows again and ‘peace dividend’ fades, EBRD says Read More »
BANGKOK (Reuters) – Thailand will meet central bank and planning agency officials to discuss ways to boost growth to 3% to 3.5% this year, its finance minister said on Thursday. Under discussion would be measures to boost tourism and lower prices of agriculture goods, Pichai Chunhavajira told reporters ahead of the meeting. Southeast Asia’s second-largest …
Thailand seeks ways to boost growth to 3.0%-3.5% this year, finance minister says Read More »
By John Revill ZURICH (Reuters) – The Swiss economy grew by a better than expected 0.5% in the fourth quarter, the government said on Thursday, as the country’s pharmaceuticals sector compensated for weaknesses elsewhere in the rest of the export-orientated economy. The quarterly figure, which was adjusted for sporting activities, was an improvement from the …
Swiss economy grows 0.5% in fourth quarter, boosted by pharma and chemicals Read More »
ISLAMABAD (Reuters) – Pakistan’s consumer inflation was expected to remain stable in February and maintain a downward trajectory compared to the previous year, the finance ministry said in its monthly economic outlook report on Thursday. “Inflation is anticipated to remain within the range of 2.0-3.0% for February 2025, however, there are prospects of a slight …
Pakistan consumer inflation to remain stable in February, says finance ministry Read More »
WELLINGTON (Reuters) – New Zealand’s business confidence rose in February as the economy remains on a path to recovery, an ANZ Bank survey showed on Thursday. The survey’s headline measure showed a net 58.4% of respondents expected the economy to improve over the year ahead, versus a 54.4% optimism level in the previous poll in …
New Zealand business confidence rises as economy recovers – ANZ Read More »
LONDON (Reuters) – Profits made by services firms, which dominate Britain’s economy, have plunged and confidence has dried up especially among consumer-facing companies exposed to the cost-of-living crunch, according to an industry survey. The Confederation of British Industry’s quarterly survey of services firms, published on Thursday, showed profitability among business and professional firms fell to …
UK services firms report falling profits, higher costs, CBI says Read More »
SYDNEY (Reuters) – Australia’s central bank needs to see more positive news on inflation before cutting interest rates again, a top central bank official said on Thursday. Speaking before lawmakers, Reserve Bank of Australia Deputy Governor Andrew Hauser said policymakers expect to receive more good news on inflation, but they need to see it first …
RBA needs to see more positive news on inflation before cutting again Read More »
By Fergal Smith (Reuters) – Canada’s main stock index rose on Wednesday as technology and metal mining shares notched gains, despite confusion around the timing of a deadline for U.S. tariffs on Canadian goods. The S&P/TSX composite index ended up 124.38 points, or 0.5%, at 25,328.36, its third straight day of gains. U.S. President Donald …
TSX rises for third day, led by tech and mining shares Read More »
By Veronica Dudei Maia Khongwir (Reuters) – New Zealand home prices are expected to rise modestly this year and next following a decline in 2024, according to a Reuters poll of housing experts who cited lower interest rates as the key driver. The Reserve Bank of New Zealand (RBNZ) has cut interest rates by 175 …
SAO PAULO/BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva’s chief of staff said on Wednesday that the government will take no exceptional measure to boost economic growth, and reaffirmed its commitment to the country’s fiscal framework. “There will be no exceptional measure to boost economic growth. The economy will grow based on what is …
Brazil will take no exceptional measures to boost economic growth, official says Read More »
