Reuters US Economy

By Steven Scheer JERUSALEM (Reuters) -Israeli President Isaac Herzog on Monday said a compromise in the government’s judicial overhaul plan could be imminent even as protests against the reform continued to spread. Local media circulated a letter by 10 former air force chiefs to Prime Minister Benjamin Netanyahu warning of the “grave and tangible” threat …

Israel president says judicial compromise ‘closer’ as protests escalate Read More »

By Giuseppe Fonte ROME (Reuters) – Italy seems to have avoided an economic recession despite being hit by costly energy prices and record high inflation, Economy Minister Giancarlo Giorgetti said on Monday, offering a less grim outlook for the right-wing government. However, he did warn that European Central Bank rate rises would pose “serious problems” …

Italy may have staved off recession, economy minister says Read More »

KYIV (Reuters) – Ukraine’s economy ministry has lowered its GDP growth forecast for 2023 to 1%, the Interfax Ukraine news agency quoted a deputy minister as saying on Monday. The ministry had previously projected that the economy, which has been hit by Russia’s invasion and shrank by about a third last year, would grow 3.2% …

Ukraine economy ministry cuts 2023 GDP growth forecast to 1% – Interfax Read More »

WASHINGTON (Reuters) -New orders for U.S.-manufactured goods fell in January, pulled down by a plunge in civilian aircraft bookings, but increases in machinery and a range of other products suggested that manufacturing could be regaining its footing. The report from the Commerce Department on Monday also showed shipments of manufactured goods rebounding after two-straight monthly …

US factory orders fall as civilian aircraft demand dives Read More »

By Joe Cash and Ellen Zhang BEIJING (Reuters) – China is confident of achieving its 2023 growth target as consumption picks up steam, the vice head of the state planner said on Monday, after parliament set a modest goal of expanding the world’s No.2 economy by around 5% for this year. Domestic stock indexes opened …

China confident of achieving 2023 economic growth target: state planner Read More »

BERLIN (Reuters) – Germany is making slow progress in enforcing sanctions against Russian oligarchs and institutions, according to government numbers seen by Reuters on Saturday. Germany has frozen around 5.25 billion euros ($5.57 billion)in assets belonging to sanctioned oligarchs since Russia’s invasion of Ukraine, according to the German finance ministry. The figure was 4.28 billion …

German sanctions against Russian oligarchs advancing slowly Read More »

BUENOS AIRES (Reuters) – Argentina’s inflation rate is seen hitting 99.9% in 2023, speeding up from last year’s rate and topping previous estimates which saw a slightly slower rise, according to a central bank poll of analysts released Friday. The forecast, which is 2.3 percentage points above the 2023 rate projected in last month’s poll, …

Argentina inflation seen speeding in 2023, central bank poll shows Read More »

PALO ALTO, California (Reuters) – Richmond Federal Reserve Bank President Thomas Barkin said on Friday that he could envision a scenario where the central bank pushes the U.S. benchmark policy interest rate to the 5.5%-5.75% range that some in financial markets are now betting it will. “That would suggest inflation was in fact more persistent …

Fed’s Barkin says he could see rates at 5.5%-5.75% Read More »