growth
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Slow job growth sparks stock rally | The Express Tribune
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[ad_1] NEW YORK: Global stock indexes rose sharply, the US dollar dropped to a six-week low and benchmark 10-year US Treasury yields fell to five-week lows on Friday after data showed US job growth slowed more than expected in October. The job growth slowdown underscored views that the Federal Reserve may be done hiking interest…
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US unemployment rate rises to 3.9% as job growth declines in October
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[ad_1] Women walk past a “Now Hiring” sign outside a store on August 16, 2021 in Arlington, Virginia. — AFP Based on government data released on Friday, job growth in the United States slowed down in October, partly due to a strike by autoworkers as the unemployment rate edged up to 3.9%. The world’s biggest…
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Global stocks retreat, economies rattled as Israel-Hamas war threatens global growth
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[ad_1] A Palestinian flag is seen on the rubble of a building destroyed in Israeli airstrikes in Gaza City’s Rimal district, Palestine, Oct. 10, 2023. — AFP Global stock markets plummeted on Thursday as investors grew increasingly uneasy ahead of the European Central Bank’s interest rate decision and important US data amid Israel-Hamas war. Asia…
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IMF sticks to 2.5% growth forecast for Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Tuesday kept Pakistan’s economic growth forecast unchanged at 2.5% but slashed inflation rate to 23.6% for the current fiscal year, in a move that is largely in line with official projections. The global lender released its flagship report, the World Economic Outlook, at the start of annual…
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IMF to urge China to shift growth model | The Express Tribune
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[ad_1] WASHINGTON: The International Monetary Fund plans to tell China to boost weak domestic consumption, address its troubled real estate sector and rein in local government debt, problems that are dragging down both Chinese and global growth, IMF Managing Director Kristalina Georgieva told Reuters. Georgieva said in an exclusive interview the messages will be delivered…
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Eurozone 2023 growth forecast slashed; German seen going into recession
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[ad_1] An emloyee works on the assembling of a brake caliper for an electric vehicle in Dueren, western Germany. — Reuters The European Commission cut its 2023 and 2024 eurozone economic growth forecasts on Monday, with the single currency area weighed down by Germany’s poor performance. The EU’s executive arm predicted the German economy would…
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Logistic companies struggle to achieve economic growth | The Express Tribune
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[ad_1] KARACHI: Logistic companies in Pakistan are grappling with low margins, high taxes, and an unfavourable business environment, hindering their ability to contribute to the overall economic growth of the country. Seagold, CEO, Ayaz Admani highlighted the concerning decrease in average gross margins for Pakistani companies. In recent years, margins have plummeted from 3% to…
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0.3% economic growth rate debunked | The Express Tribune
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[ad_1] ISLAMABAD: The size of Pakistan’s economy has shrunk to $341.5 billion and its per capita income has slipped to just $1,568 in the outgoing fiscal year due to almost flat economic growth and currency devaluation. Against this backdrop, a dispute has arisen about the official GDP growth figure. The economy shrank by $34 billion…
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Govt to introduce reforms for economic stability, growth: Dar
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[ad_1] Finance Minister Ishaq Dar chairs the meeting of Reforms and Resource Mobilszation Commission at the Finance Division on April 24, 2023.— PID Finance Minister Ishaq Dar said Saturday that the government is determined to introduce reforms in various sectors to put the economy on a positive trajectory and achieve financial stability and growth. The…
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IMF cuts Pakistan’s growth forecast, sees hike in inflation | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has reduced the economic growth forecast of Pakistan to 0.5% as well as steeply increased inflation projections far above 20% for two years — underscoring that the people’s hardships would not end soon and interest rates might remain at their highest levels. The IMF’s World Economic Outlook report…
