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Growth News

China's economic growth slows in Q3 but on course to beat target

Bejing - China's economy slowed marginally in the third quarter but is well on course to beat the government's annual target, cementing Xi Jinping's standing as he prepares to be handed a second term in power at a key Communist Party conclave.

IMF raises China growth forecast for 2017 to 6.8 pct

Bejing - The International Monetary Fund raised its growth forecast for China on Tuesday but again warned of risks stemming from the build-up of debt in the world's second largest economy.

Philippine economy surges, defies concerns

Manila - The Philippine economy grew by 6.5 percent in the three months to June, likely one of the fastest in Asia, the government said Thursday, defying concerns over President Rodrigo Duterte's unconventional leadership.

India says economy could slow down

New Delhi - India's economy is at risk of slowing down in the current fiscal year, the government said in a mid-year economic survey Friday.In February, the government had forecast GDP growth of between 6.75 percent and 7.5 percent for 2017/18.

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.

Strong export demand to lift Asian economies: ADB

Manila - Surging global demand for Asian exports and low oil prices will help China and the region's developing economies grow faster than expected this year and next, the Asian Development Bank said Thursday.The region should now grow by 5.

IMF hails 'ambitious' French reforms under Macron

Paris - The IMF on Monday hailed French President Emmanuel Macron's "ambitious" reform programme, saying his spending, labour and tax overhauls could go "a long way" towards tackling high unemployment and weak growth.

China's economy slows in second quarter: AFP survey

Bejing - China's economy lost momentum in the second quarter, a survey shows, as Beijing's efforts to curb risky lending and investment took a toll on the Asian powerhouse. The world's second-largest economy expanded by 6.

G20 'consensus' that protectionism damaging for global economy

Washington - The Group of 20 major economies sent a message Friday on the threat that rising protectionism poses to the global economy, but the United States cast doubt over its adherence to that stance.

Consensus in G20 that protectionism 'damaging' for global economy

Washington - The Group of 20 major economies have reached a "broad consensus" that a continued rise in protectionism would be damaging to the global economy, German Finance Minister Wolfgang Schaeuble said Friday.

IMF warns of growing risks to improving global recovery

Washington - The global economic recovery is picking up steam, but the rise of protectionist rhetoric and the threat of trade wars could erode those gains, the International Monetary Fund warned Tuesday.

IMF raises China growth forecast to 6.6% this year, 6.2% in 2018

Bejing - The International Monetary Fund Tuesday raised its economic growth forecast for China for this year and next but warned of serious longer-term problems unless it reduces its reliance on credit.The IMF's forecast for 2017 was 6.

Ukraine's economy grows nearly 5%

Kiev - Ukraine said Tuesday its economy expanded at a surprisingly fast pace of nearly five percent in the fourth quarter as it continued its steady climb out of a two-year recession.

Eurozone growth and inflation surge, adding to pressure on ECB

Brussels - Growth in the eurozone accelerated, inflation rose towards the ECB's key target and unemployment fell to a seven-year low as the bloc's economy shrugged off uncertainty over Brexit and US President Donald Trump.

British economy holds up as Brexit negotiations loom

London - Britain's economy grew solidly in the final months of last year, official data showed Thursday, even as the country prepares to navigate a difficult departure from the European Union.Gross domestic product expanded 0.

Powerful growth sets scene for German election debate

Berlin - Europe's biggest economy Germany booked solid growth in 2016, official data showed Thursday, with a sizeable surplus in its public finances set to fuel fierce political debate in an election year.Growth of 1.

Haiti's political uncertainty stunts economic growth

Port-au-prince - Haiti's economy expanded by only 1.4 percent this year, according to official figures released Wednesday, as the impoverished country's electoral crisis is discouraging investment, with prospects for 2017 even more dismal.

Poorest countries falling further behind: UN

Geneva - The planet's poorest countries are falling further behind the rest of the world and cannot catch up without more aid and favourable trade deals, a UN report said Tuesday.

Protectionism's rise a balancing act for World Bank, IMF

Washington - Protectionism's rise in Europe and the United States is pushing the world's economic leaders toward a delicate balancing act: defending globalization but acknowledging the pain that sometimes comes with it.

Poland forecasts greater spending, slower growth in 2017

Varsovia - Poland said Monday it would raise spending next year, but still keep its deficit just under an EU-wide limit of 3.0 percent of GDP, while also cutting the growth forecast for central Europe's largest economy.

IMF warns the US over high poverty, inequality

Washington - The International Monetary Fund warned the United States Wednesday over poverty and rising inequality in the country, saying both could hold back its economic potential.The IMF cut its outlook for US economic growth this year to 2.

Australia's economy powers ahead on exports

Sydney - Australia's economy defied expectations with stronger-than-expected expansion in January-March, driven by net exports and household spending, to take annual growth to its highest level in recent years.Economic growth expanded by 1.

Parasitic infection leads to stunted growth

Bangla - A waterborne parasite can restrict the growth of children, even when the children display no symptoms of having contracted the parasite. The effects of stunted growth are apparent from age two.

Dark economic cloud over IMF-World Bank meeting

Washington - Worries that the global economy is nearing a stall made worse by the specter of '"Brexit" cloud the air as the world's finance chiefs gather in Washington beginning Thursday for the IMF-World Bank Spring meetings.

Worried IMF cuts world growth forecast, warns over Brexit

Washington - The International Monetary Fund said Tuesday that the global economy faces wide-ranging threats from weak growth and rising protectionism, warning of possible "severe" damage should Britain quit the European Union.

Refugees, shoppers rev up German growth motor

Berlin - A massive influx of refugees, and accompanying billions in public spending, have provided Germany with a long-awaited answer to partners' calls for it to do more to jumpstart the eurozone economy.

Windows 10 adoption rapidly slowing but rising among gamers

Microsoft's Windows 10 got off to a flying start in the first couple of months since launch but is now beginning to slow down. The company is struggling to convince more users to upgrade, although the OS is popular with PC gamers.

China cuts 2014 GDP growth: govt

Bejing - China on Monday lowered last year's growth figure, already the weakest in a quarter-century, days after worries about slowing expansion in the world's second-largest economy caused global stock market havoc.

Zuckerberg: 1 billion people logged onto Facebook on Monday

Facebook CEO Mark Zuckerberg announced yesterday that 1 billion users logged onto Facebook on Monday August 24, representing an all-new and very impressive milestone for the social network that has made it to the heart of the Internet.

'Three billion' wearable sensors to be in use by 2025

A report has estimated that over three billion sensors will be put to collective use on our bodies over the next ten years, fuelled by growth in the wearables market. The number of physical sensors available is also expected to grow.
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In 2009  the Slovenian economy fell into recession and never quite recovered.
In 2009, the Slovenian economy fell into recession and never quite recovered.
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