0249 GMT June 27, 2022
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The coronavirus health crisis likely knocked China's economy into its first decline since at least 1992 in the first quarter, raising the heat on authorities to do more to restore growth as mounting job losses threaten social stability.
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Japan’s economy grew slightly faster than initially estimated in the first quarter, thanks to stronger capital spending, but analysts say global trade tensions remain a drag on growth and raise risks to the outlook for the export-reliant nation.
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French households ramped up savings in the first quarter as incomes rose following government measures to boost purchasing power, official data showed on Wednesday, confirming the economy maintained a steady growth rate in the period.
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The Swiss government is unlikely to upgrade its economic forecasts for 2019 despite stronger-than-expected growth at the start of the year, a senior economist told Reuters.
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Malaysia’s economic growth pace likely slowed in the first quarter, due to tepid consumption and softer global demand as a result of the US-China trade war, a Reuters poll showed
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Japan’s economy likely contracted slightly in the first quarter as corporate and consumer spending weakened, a Reuters poll showed on Friday.
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Indonesia’s economy expanded more slowly than expected in the first quarter of this year, as investment dropped ahead of elections and campaign spending failed to sustain growth momentum.
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By Chris Giles
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French growth held steady in the first three months of the year as household spending recovered after anti-government protests at the end of 2018, official data showed on Tuesday.
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China’s first-quarter economy growth likely cooled to the weakest pace in at least 27 years, a Reuters poll showed, but a flurry of measures to boost domestic demand may have put a floor under slowing activity in March.
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Latest figures by the Central Bank of Iran (CBI) reveal that foreign trade incomes stood at just over USD 30 billion in the first quarter of the Iranian calendar year (started March 21).
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