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Forecast News

China economic growth eased slightly in Q2: AFP poll

Chinese growth slowed only slightly in the second quarter as the impact of the deepening trade conflict with the United States was yet to kick in, according to analysts surveyed by AFP.

IMF sees solid near-term global growth but risks beyond

Washington - The global economy is expected to grow at a solid pace through next year, boosted by faster expansion in the United States and Europe, but after that risks will build, the International Monetary Fund said Tuesday.

IMF sees emerging Asia as top global growth engine

Bejing - The IMF said Tuesday it remains upbeat about the economic prospects of emerging Asia, labelling the region "the most important engine of global growth" despite concerns over trade disputes and mounting debt.

Trump trade war biggest risk to world economy: German experts

Frankfurt Am Main - US President Donald Trump's tariffs on steel and aluminium risk escalating into a threat to the international trading system, a highly-regarded group of German economists said Wednesday.

British economy facing Brexit-induced struggle

London - Britain's economy will face sluggish growth in the coming years on the back of Brexit fallout, finance minister Philip Hammond revealed Tuesday in a key budget update.Gross domestic product (GDP) is projected to grow 1.

IMF raises global growth forecasts, US tax cuts provide boost

Washington - Global economies are recovering simultaneously and at a stronger pace, and will get at least a short-term boost from the US tax cuts, the International Monetary Fund said Monday.

World Bank upgrades global growth forecasts as recovery strengthens

Washington - For the first time in many years, the World Bank's outlook for the global economy is better than expected rather than worse, with all regions seeing improved growth, according to its latest forecast released Tuesday.

IMF says global recovery on firmer footing

Washington - The global economic recovery is on firmer footing as improving growth in China, Europe and Japan offset downward revisions for the United States and Britain, the International Monetary Fund said Sunday.

Global economy is set to post solid growth but risks remain

Washington - The global economy is set to post solid growth this year, amid improving world trade and better performance by large emerging markets, but key risks could still threaten the outlook, the World Bank said Sunday.

World Bank sees improving global economy but risks remain

Washington - The global economy is set to post solid growth this year, amid improving world trade and better performance by large emerging markets, but key risks could still threaten the outlook, the World Bank said Sunday.

Le Pen win is Europe's biggest risk: Credit Suisse

Zurich - France's Marine Le Pen is the biggest risk to European stability, Credit Suisse said in a guide launched Thursday to help investors navigate the upcoming "defining" months facing the continent.

Expect more storms this Atlantic hurricane season: U.S. scientists

Miami - More storms are expected during the coming Atlantic hurricane season which should be "near-normal," after three years of unusually low storm activity, US government scientists said Friday.

Winter storm dumps 4.3 billion gallons of water into Lake Tahoe

Truckee - A Monday storm brought a bit of drought-relief to California's parched Lake Tahoe by dumping 4.3 billion gallons, boosting the lake's level almost two inches, said Tim Bardsley, a National Weather Service hydrologist.

Germany expects record 'up to 800,000' asylum-seekers this year

Berlin - Germany expects to receive up to 800,000 asylum-seekers in 2015, a new record, Interior Minister Thomas de Maiziere said on Wednesday, as he urged action from Europe on the crisis.

IMF: Global economy steady but risks abound

Washington - The International Monetary Fund said Tuesday that the global economy remains tepid, with slowdowns in emerging markets offsetting progress in the Japanese and European economies.

'Crippling' 36 inches of snow ends up as meagre 6 inches

Billed as the Blizzard of 2015, many residents of New York City and northern New Jersey woke expecting to find up to 36 inches of snow this morning. Instead, just 6.3 inches lay outside.

Brazil economy to grow 3% in 2015: official

Bras - Brazil's economy is forecast to expand by three percent next year, picking up briskly after years of stagnant growth, a top government economist said on Tuesday.

'Solid upturn' in German economy, but Ukraine clouds outlook

Frankfurt - The German economy, Europe's biggest, is currently in the middle of a "solid upturn", the government said Tuesday, even if concerns about the fallout from Ukraine are souring investor confidence.

Global trade growth forecast raised to 4.7% for 2014: WTO

Geneva - Global commerce is set to grow by 4.7 percent this year, the World Trade Organization said on Monday, with recovery in rich economies expected to mitigate risks in developing nations.The WTO previously had forecast that trade would expand by 4.

IMF cuts world growth outlook amid Ukraine worries

Washington - The International Monetary Fund cut its growth forecast for the global economy Tuesday, pointing to the threat from the Ukraine crisis and the slowdown in major emerging economies.

U.S. growth slow but steady: IMF

Washington - The clearing of Washington's fierce debt and deficit battles of the past three years has opened the way toward stronger U.S. economic growth, the International Monetary Fund said Tuesday.

IMF cuts world growth outlook amid Ukraine worries

Washington - The International Monetary Fund cut its growth forecast for the global economy Tuesday, pointing to the threat from the Ukraine crisis and the slowdown in major emerging economies.

US output, potential low demand pose risks to Gulf oil: IMF

Dubai - A rapid growth in US oil production combined with potentially weaker global demand present a downside risk to Gulf oil output and prices, the International Monetary Fund warned Tuesday.

Russia warns capital flight may push growth below 1.0%

Moscow - The Russian economy will fall far short of 1.0-percent growth this year if tensions driving capital out of the country continue, Deputy Economy Minister Andrei Klepatch said on Thursday.

German 'Wise Men' up 2014 growth forecast

Frankfurt - The German government's economic advisors, known as the Five Wise Men, upgraded Thursday their forecast for economic growth this year after a better-than-expected start to 2014.

Britain cuts borrowing forecasts

London - Britain anticipates wiping out its annual budget deficit by the end of the decade after cutting its state borrowing forecasts in Chancellor of the Exchequer George Osborne's annual budget statement on Wednesday.Osborne said that his Conservative-Libera...

US oil demand growth prompts higher OPEC forecast

Vienna - The OPEC oil cartel raised on Wednesday its world oil demand forecast for 2014 on the back of an increase in US consumption in late 2013 and a "gradual" global economic upswing.The Organization of Petroleum Exporting Countries now expects world demand ...

French central bank holds Q1 growth forecast at 0.2%

Paris - The French economy is expected to grow by 0.2 percent in the first quarter, the country's central bank said Monday, confirming a preliminary forecast issued a month ago.The bank makes its forecasts based on a monthly survey of a panel of private sector...

Spanish PM sees growth of 1% in 2014, 1.5% in 2015

Madrid - Spain will raise its economic growth forecast for 2014 to 1.0 percent and sees growth picking up to 1.5 percent in 2015, Prime Minister Mariano Rajoy said Tuesday."The GDP growth forecast will be revised upwards.

Germany optimistic on growth this year and next year

Berlin - The German government expects growth of Europe's top economy to pick up sharply this year and next, driven largely by domestic demand, it said on Wednesday.
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The forecast is calling for a very large high-pressure system to stall over the High Plains  bringin...
The forecast is calling for a very large high-pressure system to stall over the High Plains, bringing extreme heat and dry conditions.
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"Forecast" - a short documentary created by Tim Sessler
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