Economy Archive

Labour market defies Brexit gloom striking economy but job creation sl…

Labour market defies Brexit gloom striking economy but job creation slows after bumper start to 2019 The jobs market defied the Brexit gloom gripping the rest of the economy as wage growth pushed back up towards a decade high and unemployment held at a

Australia cuts rates to historic low as economy slows

Australia’s central bank lowered the cost of borrowing for the first time in three years on Tuesday, hoping to extend a record 28-year-run without a recession amid stiffening headwinds. The Reserve Bank of Australia cut rates by 25 basis points to a historic low

Good and bad signs for Hawaii’s economy

HONOLULU (KHON) –  Home sales are down. New vehicle sales are down. And bankruptcies are up.  The state’s chief economist says there is no recession just around the corner — but not all economists agree. Recessions can threaten children’s nutrition. Recessions decrease opportunities and

Can Kenya’s China-built railway line revive its economy?

The country was Kenya. The railway became known as the Lunatic Express. Now 116 years later, another railway line has been built almost parallel to those same tracks in a bid to transform this part of Africa, but this time by a different world

Vetri Subramaniam: Indian economy has a great runway but not enough es…

We may have had a few bits of bad news coming in, but it has not yet caused the aggregate market valuations to drop into the cheap territory, said Vetri Subramaniam, Group President & Head of Equity, UTI Asset Management Company, in an interview

Economy will test SA’s next president

After 8 May, the president – likely to be incumbent Cyril Ramaphosa as ANC leader – will have a tough task creating jobs, attracting foreign money and tackling corruption. President Cyril Ramaphosa delivering the closing address at the 2019 Africa Travel Indaba.

Eurozone GDP: Spain beats forecasts but France suffers trade blow – bu…

4.02am EDT04:02 Austria’s growth rate has dipped, to 0.3% in January-March from 0.4% in October-December 2018. Trading Economics (@tEconomics) #Austria #GDP Growth Rate QoQ Flash at 0.3% April 30, 2019 Although household spending and business investment rose, trade growth weakened — a

China says economic growth improving. Analysts warn stimulus is needed

Robin Xing, chief China economist at Morgan Stanley, said the emphasis now will be on non-monetary measures. “They didn’t mention that they’re going to end the policy easing,” Xing said Tuesday on CNBC’s “Street Signs” of the politburo gathering. “They’re relying more and more

Euro’s fortunes renewed as spring brings economic green shoots, Govern…

Tue, Apr 16, 2019 – 1:37 PM [LONDON] The euro’s stagnant start to the year might be ending as signs emerge that Europe’s economic growth is reviving. Traders are unwinding bets against the common currency in the options market, with a gauge of sentiment

Pakistan’s economy out of crisis phase: Minister

The finance minister’s comments followed the World Bank’s regional update report on South Asia. Pakistan’s Finance Minister Asad Umar said on Monday that the country’s economy was out of the crisis phase even as the World Bank projected a bleak picture of