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bank debt economic growth Economy gas Top News 

Malaysia seen posting slightly slower second-quarter growth on softer domestic demand

August 17, 2017 By Joseph Sipalan KUALA LUMPUR (Reuters) – Malaysia’s economy is expected to have grown at a slightly slower pace in the second quarter due to weaker private consumption, even as trade remained robust. Southeast Asia’s third-largest economy likely grew 5.4 percent in April-May from a year earlier, easing from 5.6 percent in the first quarter, according to the median of forecasts by 12 economists polled by Reuters. Growth in the first quarter was the strongest in two years, but the pace has been expected to fade, Vaninder…

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consumer economic growth Economy Japan Aso spending Top News 

Japan’s Aso: second-quarter GDP mainly driven by brisk housing investment

August 15, 2017 TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Tuesday that strong housing investment was the main driver of economic growth in the second quarter, while capital spending also contributed to growth. Speaking after a cabinet meeting, Aso also told reporters that capital expenditure could grow further as machinery orders remain at high levels. The government said on Monday second-quarter gross domestic product (GDP) expanded at the fastest pace in more than two years as consumer and company spending picked up. (Reporting by Tetsushi Kajimoto; Editing…

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accounts China July economic growth Economy Elias Glenn Top News 

China July factory output, retail sales, investment miss forecasts

August 14, 2017 BEIJING (Reuters) – China’s factory output slowed more than expected in July while investment and retail sales also disappointed, reinforcing views that the world’s second-largest economy is starting to lose some steam as lending costs rise and the property market cools. Factory output rose 6.4 percent in July from a year earlier, the slowest pace since January this year, statistics bureau data showed on Monday. Analysts polled by Reuters had predicted factory output would grow 7.2 percent in July, down from 7.6 percent in the previous month….

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economic growth Economy increase tax cuts Top News U.S. 

U.S. productivity rises in second quarter, keeps labor costs in check

August 9, 2017 By Lucia Mutikani WASHINGTON (Reuters) – U.S. productivity grew more than expected in the second quarter as hours worked rose at their fastest pace in 1-1/2 years, leading to a modest increase in labor costs that could keep inflation muted in the near term. The trend in productivity, however, remains weak, suggesting robust economic growth will be hard to achieve. President Donald Trump has vowed to boost annual growth to 3 percent through tax cuts, infrastructure spending and regulatory rollbacks. “The economy is aging and the growth…

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debt economic growth Economy government Japan Motegi Top News 

Japan’s economy minister pledges to stick to primary budget fiscal discipline target

August 9, 2017 By Stanley White TOKYO (Reuters) – Japanese Economy Minister Toshimitsu Motegi said he would do his utmost to help the government achieve its fiscal discipline target of returning to a primary surplus in fiscal year 2020. Motegi, in a group interview with reporters on Wednesday, said he wanted to return to a primary surplus while simultaneously lowering the ratio of outstanding debt to gross domestic product. Motegi said he placed equal priority on fiscal discipline and economic growth. Earlier this year the government made a subtle policy…

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economic growth Economy Fed Kashkari Rotary Club Top News United States 

Check your math, central banker says: less immigration equals less growth

August 7, 2017 By Ann Saphir (Reuters) – Less than week after a U.S. President Donald Trump embraced legislation to reduce immigration, Minneapolis Federal Reserve Bank President Neel Kashkari urged residents of South Dakota to embrace newcomers instead. “Just going to math, if a big source of economic growth is population growth, and your population growth slows, either because you restrict immigration or because you have fewer babies, your economic growth is going to slow,” Kashkari said at the Rotary Club of Downtown Sioux Falls, responding to a question about…

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China July economic growth Economy month PMI Top News 

China July factory growth cools slightly as export orders ease: official PMI

July 31, 2017 BEIJING (Reuters) – Growth in China’s manufacturing sector slowed marginally in July, reinforcing expectations the world’s second-largest economy will cool in coming months as borrowing costs rise and regulators clamp down on riskier types of financing. The official Purchasing Managers’ Index (PMI) released on Monday stood at 51.4 in July, down from the previous month’s 51.7 but still well above the 50-point mark that separates growth from contraction on a monthly basis. Analysts surveyed by Reuters had forecast the reading would come in at 51.6, little changed…

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economic growth Economy GDP South Korea Thursday North Korea Top News 

North Korea 2016 economic growth at 17-year high despite sanctions: South Korea

July 21, 2017 By Christine Kim SEOUL (Reuters) – North Korea’s economy grew at its fastest pace in 17 years in 2016, South Korea’s central bank said on Friday, despite the isolated country facing international sanctions aimed at curbing its defiant pursuit of nuclear weapons. Gross domestic product (GDP) in North Korea last year rose 3.9 percent from the previous year when the economy contracted due to a drought and low commodity prices, the Bank of Korea said. The expansion, driven by mining and energy, marked the biggest rise since…

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consumer economic growth Economy news policy Top News 

Dollar nurses losses, China data beats forecasts

July 17, 2017 By Wayne Cole SYDNEY (Reuters) – The dollar huddled near a 10-month trough on Monday as the diminished risk of aggressive U.S. policy tightening sent investors piling into leveraged positions in higher yielding currencies or risky assets. Sentiment got an added boost after Chinese economic data handily topped forecasts with second-quarter gross domestic product rising 6.9 percent on the year. Strength in retail sale and industrial output helped offset a weak start for Shanghai stocks which may have been linked to talk of tighter financial regulations. “It…

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CBO economic growth Economy President Donald Trump Top News White House 

Trump spending plan will cut deficit but not balance budget: CBO

July 13, 2017 By Amanda Becker WASHINGTON (Reuters) – President Donald Trump’s proposed government spending plan would reduce the federal deficit over the next decade but fail to balance the budget, the nonpartisan Congressional Budget Office said on Thursday. The 2018 fiscal year budget, unveiled in May, put numbers on Trump’s vision of a government that would boost military spending while radically cutting assistance to lower-income Americans. The annual budget deficit in 2027 would be about $720 billion under Trump’s proposal, the CBO said in a report, not eliminated as…

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