Wells Fargo Investment Institute Raises US GDP Growth Forecast for 2023
Wells Fargo Investment Institute Raises US GDP Growth Forecast for 2023 In a significant update, the Wells Fargo Investment Institute (WFII) revised its projection for the US gross domestic product (GDP) growth in 2023. The previous forecast of 1.1% has now been lifted to an optimistic 2.2%. This adjustment reflects a positive outlook for the […]
WSJ Russia reporter detained, ‘shameless act’ = World Bank president | Reuters
World Bank President Malpass said on Thursday that Russia’s detention of Wall Street Journal reporter Evan Gershkovic was a “shameless act” and that he called it essential, including for the safety of the journalist, who had been accused of infringe on the freedom of the press. World Bank President Malpass attends the Reuters Next event […]
Angle: Russia expands military spending, tax increase inevitable if oil price is less than expected | Reuters
Russia’s growing military spending is so dependent on oil revenues that it could be forced to raise taxes if oil prices fall below forecast levels. Economists share this view. Russian President Vladimir Putin (right) and Finance Minister Siluanov in December 2019. Taken in St. Petersburg. Photo provided (2023 REUTERS/Sputnik/Mikhail Klimentyev/Kremlin) MOSCOW (Reuters) – Russia is […]
Focus: Romania, quiet progress Economic prosperity with EU support | Reuters
BUCHAREST (Reuters) – Romania is poised to overtake its struggling neighbors this year. Support from the European Union (EU), the stability of the lease, and foreign investment that coincides with the relocation of manufacturing centers from Russia and Ukraine are boosting the economy. BEIJING (Reuters) – Eastern Europe is set to overtake its struggling neighbors […]
Taiwan to provide cash benefits of $ 200 per person “Sharing the fruits of growth” | Reuters
January 4 Taiwan’s Executive Yuan Su Chung-chang (equivalent to the prime minister) announced on the 4th that he plans to provide a cash payment equivalent to about US$200 to all Taiwanese residents. This photo was taken in Keelung, Taiwan, April 2022. REUTERS/I-Hwa Cheng TAIPEI (Reuters) – Taiwan plans to provide all Taiwanese residents with a […]
Angle: China with no corona relaxation, investors falter due to unknown infection status | Reuters
HONG KONG/SHANGHAI (Reuters) – Investors caught off guard by Beijing’s sudden relaxation of its zero-corona policy are now being forced to navigate China’s post-pandemic turmoil. That’s because we don’t have good data to track the spread of infections and potential threats to the economy in the coming months. BEIJING, Dec 14 (Reuters) – Investors caught […]
Angle: Russia’s economy recovers with partial movement, hitting production and demand | Reuters
MOSCOW (Reuters) – Russia’s economy, already battered by Western sanctions, is now being further hurt by domestic factors. There are growing fears that Putin’s partial mobilization order on September 21 will hit production and drag down demand and the economic recovery. The Russian economy, already hurt by Western sanctions, is now being further hurt by […]
Russia’s economic activity slowed significantly at the end of September = central bank vice president | Reuters
Russian Central Bank Deputy Governor Zabotkin said on Thursday that the country’s economic activity slowed sharply at the end of September, but that payments to mobilized troops would ease the negative impact on consumer spending. FILE PHOTO: Omsk, January 2022. REUTERS/Alexey Malgavko MOSCOW (Reuters) – Russian Central Bank Deputy Governor Zabotkin said on Thursday that […]
“Fiscal discipline is important,” US NEC chairman on UK fiscal policy | Reuters
The Chairman of the National Economic Council (NEC) Brian Dees, an economic adviser to the Biden administration, said in a speech on Wednesday that he was not surprised by the negative reaction of the financial markets to the fiscal policies announced by the Truss administration, including a big tax. He said he needed to maintain […]
Angle: Energy crisis hits Germany, wave of corporate bankruptcies spreads | Reuters
FRANKFURT / MUNICH (Reuters) – Düsseldorf-based toilet paper manufacturer Hakure was founded in 1928. However, due to the sharp increase in gas prices this summer, the company went bankrupt. Hakure is a long-standing company founded in 1928, which manufactures toilet paper located in Düsseldorf, Germany, on September 20. However, due to the sudden increase in […]
