WASHINGTON, June 7 Reuters The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9 for 2022, warning that Russia39;s invasion of Ukraine has compounded the damage from the COVID19 pandemic, and many countries now faced recession. The war in Ukraine had magnified the slowdown in the global economy, which […]

OTTAWA, June 7 Reuters Canadian trade disappointed in April, as both imports and exports slowed, official data showed Tuesday, but economists said the lull was likely temporary, with supply chain disruptions easing and oil exports set to rebound. Canada39;s exports rose 0.6 in April and imports climbed 1.9, with the trade surplus narrowing to C1.5 […]

Trade deficit drops 19.1 to 87.1 bln in April Exports increase 3.5; imports decline 3.4 Trade on track to add to GDP growth in second quarter WASHINGTON, June 7 Reuters The U.S. trade deficit narrowed by the most in nearly 912 years in April as exports jumped to a record high, putting trade on course […]

SEOUL, June 8 Reuters South Korea39;s economy grew by a seasonally adjusted 0.6 in the first quarter from three months earlier, slightly lower than 0.7 growth estimated earlier, revised central bank data showed on Wednesday. The country39;s gross domestic product expanded by 3.0 during the JanuaryMarch period over a year earlier, also slightly down from […]

TOKYO, June 8 Reuters Japan39;s economy shrank an annualised 0.5 in the first quarter, slightly better than the initial estimate of a 1.0 contraction, revised government data showed on Wednesday, as consumption remained resilient in the face of resurgent COVID19 infections. The revised figure for gross domestic product GDP released by the Cabinet Office compared […]

BEIJING, June 8 Reuters China will make port operations more efficient and hold more online trade fairs, among new measures to ease pressure on foreign trade, Vice Commerce Minister Wang Shouwen said on Wednesday. Export growth in the world39;s second largest economy slowed to single digits in April, the weakest in almost two years, while […]

LONDON, June 8 Reuters The annual pace of house price increases in Britain slowed in May for a third month in a row and a further cooling of demand is likely as households struggle with high inflation, mortgage lender Halifax said on Wednesday. Prices rose by 10.5 compared with May last year, down from April39;s […]

BRUSSELS, June 8 Reuters The euro zone economy grew much faster in the first quarter of the year than in the previous three months despite the impact of the war in Ukraine, the European Union statistics office said on Wednesday, revising its earlier estimates sharply higher. Euro zone employment growth was also revised upwards, to […]