Russia's economy expanded 2.3 percent last year, growing more quickly than the government and the IMF had predicted, according to state statistics published Monday. Russia's growth rate accelerated from 1.6 percent in 2017 and exceeded the economy ministry's prediction of 1.8 percent as well as ...
U.S. fossil fuel export boom spurs growth and raises climate worries
In South Korea's largest shipyard, thousands of workers in yellow hard hats move ceaselessly between towering cranes lifting hulks of steel. They weld together the latest additions to the rapidly growing fleet of tankers carrying superchilled liquefied natural gas across the world's oceans. The boom ...
China says it will strive to hit growth target despite challenges
China will keep its economic growth within a reasonable range and achieve this year's growth target despite challenges, the state-run Xinhua news agency said on Tuesday, amid an intensifying trade war with the United States. The world's second-largest economy has already felt the pinch from ...
Escalating trade tensions are threatening to derail a global upswing that is already losing momentum amid weaker than expected growth in Europe and Japan, warns the International Monetary Fund. The IMF kept its global forecast unchanged Monday in the latest update to its Global Economic ...
Japan's April-June GDP jumped annualized 4% on consumption, capital expenditures
Growth is expected to continue in coming quarters, offering the Bank of Japan hope that a tight labor market is finally starting to boost consumer spending.
Japan's economy grew 1.0% in 2016 despite slower last quarter
The economy expanded at a slightly slower than expected 1.0 percent annual pace in 2016, helped by an uptick in exports.
Japanese researchers to analyze big data on babies' development
In Japan people say neru ko wa sodatsu — a child who sleeps well grows up well. But does sleeping really bear a causal relationship to a child's height? In an attempt to find out whether this well-known proverb can be scientifically backed up and ...
Japan slashes growth forecast to 0.9% amid slack consumption and investment
The government has slashed its domestic economic growth projection for this fiscal year because an anticipated purchasing surge did not materialize after the second stage of a consumption tax hike was postponed. Given Wednesday's reassessment, the government now expects the economy to grow 0.9 percent ...
No tax hike, no spending spike so Japan to slash growth outlook to 0.9% from 1.7%
The government is expected to cut its growth projection for the Japanese economy for fiscal 2016 to 0.9 percent in price-adjusted terms from 1.7 percent due to the absence of last-minute purchases, given the postponement of the consumption tax hike, sources said Tuesday. Before Prime ...
Analysts paint dimmer outlook for U.S. economy, wages, jobs: survey
For much of the economy's fitful and sluggish six-year recovery from the Great Recession, analysts have foreseen a sunnier future: Growth would pick up in six months, or in a year. That was then. The latest Associated Press survey of leading economists shows that most now ...
Economists cut Japan growth view again, widening gap with BOJ
Economists from Nomura Holdings Inc. to BNP Paribas SA lowered their forecasts for the economy this week, making the central bank's growth outlook for this year look increasingly optimistic. The trigger — a second-quarter contraction reported on Monday — also led Bank of America Corp. ...
TPP would raise growth, incomes in Japan, IMF economist forecasts
A Pacific free trade pact would give a big boost to Japan's economic growth and individual incomes, according to an International Monetary Fund economist. "It could be annually between 0.2 to 0.3 percent (percentage point) per year as an additional impact on growth," Luc Everaert, ...
