Gross domestic product
U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit
Gross domestic product unexpectedly declined at a 1.4% annualized pace in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday. The negative growth rate missed even the subdued Dow Jones estimate of a 1% gain for the quarter. GDP measures the output […]
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Here are the new 2022 growth forecasts for 21 countries
The IMF cut its global growth forecast for 2022 because of the Ukraine war, but some countries are affected worse than others. VCG | Visual China Group | Getty Images IMF 2022 growth projections Country 2022 real GDP forecast India 8.2% Saudi Arabia 7.6% Spain 4.8% China 4.4% Australia 4.2% UAE 4.2% Singapore 4.0% Canada […]
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Singapore tightens monetary policy to rein in inflation as growth slows in the first quarter
Signage for the Monetary Authority of Singapore is displayed outside the central bank’s headquarters in Singapore, on October 22, 2019. Singapore’s central bank tightened its monetary policy on Thursday, saying the widely forecast move will slow the inflation momentum. Ore Huiying | Bloomberg | Getty Images Singapore’s central bank tightened its monetary policy on Thursday, […]
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