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Katya Naidu
30 Nov 2022, 18:54
India's GDP growth comes in at 6.3% in Q2: manufacturing, mining witness negative growth
India's economy grew by 6.3% in Q2 of FY23 as compared to 8.4% growth it had seen in Q2 FY22. Analysts predicted that the In...
Bhakti Makwana
02 Sep 2022, 12:12
Rating agencies revise GDP growth estimates yet again, most now peg it below 7%
India’s GDP growth for the April-June quarter came below estimates at 13.5% percent. Rating agencies have trimmed their annu...
Ben Winck
19 Apr 2022, 00:21
Russia's invasion is already hobbling the global economic recovery from the pandemic, World Bank says
The World Bank slashed its forecast for global growth in 2022 to 3.2% on Monday, forecasting a rebound at around half the pace seen through 2021.
Camomile Shumba
11 Oct 2021, 16:08
Goldman Sachs cuts its US GDP forecast for the 3rd month in a row because of the "virus drag" on consumer spending and the global semiconductor crunch
Goldman Sachs cut its US GDP forecast for 2021 and 2022 based on the ongoing impact of Covid-19 on spending and the semiconductor chip shortage.
Ben Winck
22 Aug 2021, 17:53
Wall Street is bummed the Delta wave has you spending less
Bank of America and Goldman Sachs both slashed forecasts for third-quarter growth. Americans just aren't spending enough to keep the recovery booming.
Ben Winck
21 Jun 2021, 22:32
The US economic recovery will start slowing in the 3rd quarter as inflation and shortages drag on growth, BofA says
GDP growth is expected to be the strongest since 1984 this year. But on a quarterly basis, June will mark the peak of faster growth, the bank said.
Ben Winck
17 May 2021, 21:27
Biden's infrastructure plan will pass in late 2021 and boost growth next year, Morgan Stanley says
The bank upgraded its 2022 GDP projection but warned that rebounding rent costs are flashing "signs of more persistent inflationary pressures."
Ben Winck
02 May 2021, 20:35
US GDP will exceed its pre-pandemic peak by the end of June, Atlanta Fed model says
The central bank's model sees second-quarter growth reaching an annualized rate of 10.4%. That would be the second strongest expansion since 1978.
Ben Winck
26 Mar 2021, 02:16
US economic growth will hit 7% this year on major stimulus boost, BofA says in latest upgrade
The $1.9 trillion stimulus plan approved this month contributed to a 45% jump in card spending from a year ago as of March 20, BofA economists said.
Ben Winck
15 Mar 2021, 20:50
Biden's stimulus will lift US growth to 8% this year, Goldman Sachs says - without factoring in another $2 trillion spending package
The bank lifted its 2021 outlook without including the $2 trillion-plus it expects Democrats to spend in an upcoming infrastructure plan.
Ben Winck
10 Mar 2021, 23:49
The US economy will grow 7.9% in 2021 as stimulus juices consumer spending, UBS says
Growth will remain strong throughout 2022 as the government passes yet another relief bill to aid the recovery, the bank's economists said.
Ben Winck
24 Nov 2020, 00:07
The US economy will shrink in the 1st quarter of 2021 as winter weather spurs virus resurgence, JPMorgan says
Distribution of a coronavirus vaccine and a $1 trillion stimulus package can quickly reverse the first-quarter slump, the bank's economists said.
Ben Winck
23 Nov 2020, 23:36
Goldman Sachs slashes US growth forecasts as spiking coronavirus cases drive economic slowdown
Though GDP forecasts for the next two quarters were revised lower, Goldman expects vaccine distribution to drive stronger growth through 2021.
19 Nov 2020, 12:07
Moody's revises India's FY21 GDP contraction to -10.6% after government announces new stimulus measures
Moody's Investor Service on Thursday revised the contraction rate of India's FY21 GDP to (-) 10.6 per cent from an earlier estimate of (-) 11.5 per cent.
Shalini Nagarajan
03 Nov 2020, 19:08
Goldman Sachs slashes Europe GDP forecast as fresh lockdowns point to double-dip recession
A longer lockdown would result in negative growth in the first-quarter, pushing the economy into a double-dip recession, analysts said.
Ben Winck
25 Sep 2020, 23:01
JPMorgan slashes its forecast for US economic growth amid a lack of new stimulus
The lack of new fiscal aid has an "immediate impact" on household earnings and will drive a contraction in disposable income into 2021, the bank said.
Ben Winck
11 Sep 2020, 23:21
Bank of America boosts 3rd-quarter GDP forecast and lowers 4th-quarter outlook on mix of pros and cons
While recent data point to a stronger-than-expected recovery, the lack of a stimulus deal is a "speed bump" for the US economy, the bank said.
Saloni Sardana
11 Sep 2020, 19:01
Goldman Sachs upgrades third-quarter US GDP forecast to 35% after stronger-than-expected August jobs report
Goldman Sachs economists said: "We upgraded our near-term growth forecasts based on the much stronger-than-expected August jobs report."
Ben Winck
09 Sep 2020, 00:01
New stimulus can fuel full US GDP recovery 2 quarters sooner than previously expected, Morgan Stanley says
The bank expects Congress to pass a new stimulus bill in September with between $1.5 trillion and $2 trillion in aid focused on households.
08 Sep 2020, 11:11
India's GDP will plummet by 10.5% this fiscal year forecasts Fitch Ratings
Fitch Ratings on Tuesday projected a massive 10.5 per cent contraction of India's economy in the current financial year.
Shalini Nagarajan
10 Aug 2020, 17:33
Goldman Sachs lifts 2021 US GDP forecast to 6.2% and predicts a COVID-19 vaccine will be 'widely distributed' by mid-2021
The bank now projects the US unemployment rate will decline to 6.5% by the end of 2021, down from a previous 7% forecast.
Carmen Reinicke
30 Jul 2020, 22:30
US GDP report showed 'how big of a hole we have to dig ourselves out of': Here's what 5 economists are talking about following the record output slump
"We have never seen a quarter like the last one, and hopefully we never will again," wrote Eric Winograd, senior economist at Alliance Bernstein.
Ben Winck
20 Jul 2020, 22:33
Spiking COVID cases raise risk of a W-shaped economic cycle with a 2nd downturn, IHS Markit says
Global GDP growth should still a "bounce and fade," but soaring COVID-19 case counts "increased the risk of a double-dip recession," IHS said.
Ben Winck
23 Jun 2020, 22:48
Global economy to shrink 'disastrous' 4.7% in 2020 amid post-pandemic scarring, Bloomberg economists forecast
Output won't fully rebound until the second quarter of 2021 as unemployment lingers and consumer confidence remains suppressed, the economists said.
Saloni Sardana
10 Jun 2020, 17:15
The OECD said coronavirus has triggered the worst global recession in almost 100 years — and laid out 2 scenarios for its impact on the world economy
The OECD said global output will shrink by 7.6% this year if a second wave of COVID-19 cases break out, and by 6% if a second wave is avoided.
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