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Growth News

IMF downgrades world growth, warns of 'precarious' 2020

Washington - Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on Tuesday.

China GDP growth slows to 6.2% in second quarter

Bejing - China's growth slowed to its weakest pace in almost three decades in the second quarter, with the US-China trade war and weakening global demand weighing on the world's number-two economy, official data showed Monday.

Mexico confirms economy shrank in Q1, in blow to 'AMLO'

Mexico - Mexico's economy contracted by 0.2 percent in the first quarter of the year, revised government data confirmed Friday, a rough start for new President Andres Manuel Lopez Obrador.

Mexico confirms economy shrank in Q1, in blow to 'AMLO'

Mexico - Mexico's economy contracted by 0.2 percent in the first quarter of the year, revised government data confirmed Friday, a rough start for new President Andres Manuel Lopez Obrador.

Mexican economy shrinks in new president's first quarter

Mexico - Mexico, Latin America's second-largest economy, registered a surprise 0.2-percent drop in GDP in the first quarter, according to official statistics released Tuesday -- worrying news for President Andres Manuel Lopez Obrador.

IMF cuts US growth forecast, warns of growing risks

Washington - The International Monetary Fund on Tuesday cut its US growth forecast significantly for 2019 but said the United States is still likely to outpace other advanced nations as the world economy slows.

PM says Italy economy probably contracted in Q4 2018

Rome - Italy's Prime Minister Giuseppe Conte said Wednesday that the economy probably contracted in the fourth quarter, which if true would plunge the country into a recession.

China's growth data may mask economic risks: research group

Shanghai - China's GDP growth may be significantly slower than official estimates suggest and its economy more vulnerable to external shocks than widely believed, a global business think tank has warned.

Germany avoids recession despite 2018 growth slowdown

Frankfurt Am Main - Official data suggested Tuesday that Germany avoided a recession at the end of 2018 but confirmed a sharp slowdown in growth last year as Europe's largest economy cooled off from boom times.Economic growth sank to 1.5 percent in 2018 from 2.

World Bank warns brewing trade storm jeopardizes global economy

Washington - Trade conflict between the world's two largest economic powers already is inflicting collateral damage and threatens to do yet more harm to the global economy, the World Bank warned Tuesday.

Doctors warn of global C-section 'epidemic'

Paris - Worldwide Caesarean section use has nearly doubled in two decades and has reached "epidemic" proportions in some countries, doctors warned Friday, highlighting a huge gap in childbirth care between rich and poor mothers.

UK economy grinds to halt in August

London - Britain's Brexit-facing economy ground to a shuddering halt in August, hit by weaker hotel and restaurant activity, official data showed Wednesday.

IMF gathers in quake-battered Indonesia to focus on global economic tremors

Bali - Rising protectionism, vulnerable emerging markets and record debt levels: The IMF holds its annual meeting this week in earthquake-stricken Indonesia, as it shines a light on tremors in the global economy.

IT jobs have outpaced most other jobs in growth

Research shows that information technology jobs - computer software, big data, and cybersecurity - have outpaced most other jobs, across all sectors, in productivity and growth since 2004.

Trade tension, strong dollar hit Latin America's growth

Mexico - Latin America's economic growth is set to come in lower than expected this year, as US protectionism and widespread wariness of emerging markets put a drag on the region, a UN panel said Thursday.

UN panel slashes 2018 growth forecast for Latin America

Mexico - Latin America's economic growth is set to come in lower than expected this year, as US protectionism and widespread wariness of emerging markets put a drag on the region, a UN panel said Thursday.

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.

OneEleven expands Toronto office, eyes global growth

Scale up community OneEleven is expanding. The expansion will make the Toronto location of the global scaleup hub one of the largest in the world.

Turkey's economy delivers pre-poll growth boost for Erdogan

Ankara - Turkey's economy grew 7.4 percent in the first quarter, official statistics showed on Monday, in a reading hailed by President Recep Tayyip Erdogan two weeks ahead of elections but met with caution by economists.

Mexican economy grows 1.1% in first quarter

Mexico - Mexico's economy grew 1.1 percent in the first quarter of 2018, according to figures released Monday, two months from a presidential election in which tepid economic performance is a central issue.

Britain in severe slowdown one year before Brexit

London - Britain's economy suffered a sharp slowdown in the first quarter with the weakest growth rate since 2012, official data showed Friday in a gloomy sign one year before Brexit. Gross domestic product expanded 0.

French growth slips despite Macron's pro-business push

Paris - France's economic growth decelerated sharply in the first quarter according to government estimates published Friday, but economists believe the blip is temporary as President Emmanuel Macron pushes a business-friendly agenda.

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.

France beats EU deficit targets in boost for Macron

Paris - France reported a smaller-than-expected budget deficit for 2017 on Monday, respecting EU rules on overspending for the first time in a decade in further positive economic news for President Emmanuel Macron.

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.

Between poverty and slow growth, Russia's economic future uncertain

Sanktpeterburg - Outside a metro station in Saint-Petersburg, 70-year-old Irina Semyonova is selling homemade tomato-and-aubergine preserves as a way to supplement her pension which she says is just not enough to live on.

Brazil's econonomy grew in 2017 after two years of contraction

Bras - Brazil's economy grew by a percentage point in 2017 after two years of contraction, government figures showed Thursday, confirming the South American giant's recovery from one of the worst recessions in its history.

Praise, positive data pile up for French economy

Paris - The good news keeps coming for the French economy: data published Thursday showed unemployment at its lowest level since 2009 while the head of the IMF praised recent reforms by President Emmanuel Macron.

Cyprus economy records highest growth in 10 years

Nicosia - Bailed-out eurozone member Cyprus recorded its best growth in a decade last year, official data showed Wednesday, on the back of record tourist arrivals and a resurgence in construction.
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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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