What is the current account deficit?
A prolonged war in Ukraine has pushed the prices of crude oil beyond $100 a barrel. And due to it, the trade deficit in June soared to a high of $25.63 billion. It stood at $9.61…
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gdp
China’s factory, service sectors shake off 3 months of lockdown pain
A worker polishes a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS Register now for FREE unlimited access to Reuters.comRegisterChina…
Shares slide as sentiment ebbs on rate fears, yields rise
Investors cautious ahead of ECB meeting, U.S. CPI dataWhite House expects next inflation numbers to be elevatedCrude surges to 13-week high on rising U.S. demandGlobal growth worries sap investment sentimentNEW YORK, June 8 (Reuters) -…
First-quarter GDP declined 1.5%, worse than thought; jobless claims edge lower
A 'We're Hiring!' sign is posted at a Starbucks in Los Angeles, California.Mario Tama | Getty ImagesThe U.S. economic contraction to start the year was worse than expected as weak business and private investment failed to offset strong…
CBO boosts U.S. GDP growth estimates, says inflation has topped and will cool to 2% by
A person runs in front of the U.S. Capitol building during morning hours in Washington, February 10, 2022.Brendan McDermid | ReutersU.S. economic growth will exceed 3% in 2022, while roaring inflation has topped and will cool each month…
Turkish lira charges back after Erdogan’s anti-dollarisation plan
A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey September 27, 2021. REUTERS/Cagla Gurdogan/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterANKARA, Dec 21 (Reuters) -…
Goldman Sachs guidance on Build Back Better a bad economic call
When Goldman Sachs talks, people usually listen because the smart guys who run the company often make good calls on markets.
But they’ve also been wrong and it’s usually when ideology about…
Hajiji: Investors welcome to explore vast business opportunities in Sabah
KOTA KINABALU: The Sabah government is calling on investors both domestic and abroad to explore the vast business opportunities in the state ahead of the…
4 Things to Watch in Today’s GDP Report. A Growth Spurt Is in the Cards.
Trade figures to be the wildcard in the latest reading on U.S. economic growth amid strong demand for…
U.S. Economy Grows as Fourth-Quarter GDP Shows Strongest Year in Decades
The U.S. economy grew rapidly in the fourth quarter of last year, advancing to a 6.9% annual rate, capping the strongest year of growth in nearly four decades as the country rebounded quickly from the pandemic-induced recession.But…