4
Jun
Posted by Emvertex

South Korea's gross domestic product unexpectedly shrank 0.3 percent in the first quarter from the previous quarter, its worst quarter in a decade, led by falling investment, a weaker technology sector and falling exports. Economists polled by Reuters did not expect the south Korean economy to contract, with the median forecast for a modest 0.3 percent growth. GDP grew at an annualised rate of just 1.8 per cent in the first quarter, below expectations of 2.5 per cent. Exports, which…

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9
Apr
Posted by Emvertex

The International Monetary Fund today revised down its forecast for U.S. economic growth this year to 2.3 percent. But the international monetary fund says the United States will still outpace other advanced countries as the global economy slows. In its quarterly World Economic Outlook, the imf said growth in the World's largest economy, the United States, would be revised down to 2.3 percent this year from an estimate of 2.5 percent in January, but remained relatively strong.The report also warned…

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20
Feb
Posted by Emvertex

The trade and industry ministry said it was maintaining its forecast for growth of 1.5 per cent to 3.5 per cent in 2019, but that it expected growth to be slightly below the middle of the range. Singapore's gross domestic product (GDP) grew 3.2 per cent in 2018, down from 3.9 per cent in 2017, according to the 2018 Singapore economic survey report released by the ministry of trade and industry on feb 15, 2019. The government had previously forecast…

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30
Jan
Posted by Emvertex

The size of the Irish economy could be 4.25% smaller than current projections over the medium term if there is a hard Brexit, according to an assessment by the Department of Finance. The department forecasts show that unemployment could rise by up to 2 percentage points in such a scenario. A small surplus projected for next year would also turn to a deficit if there’s a disorderly Brexit, the analysis finds. "The assessment by my Department shows that a disorderly…

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