NZD/USD trades near 0.5650 after recouping some losses, US GDP Annualized awaited
NZD/USD reached to 27-month low at 0.5607 after the release of Gross Domestic Product data for the third quarter. New Zealand’s GDP shrank by 1.0% QoQ in Q3, against the expected 0.4% contraction. Fed’s Summary of Economic Projections suggested only…
NZD/USD faces selling pressure below 0.5650 as New Zealand’s GDP falls 1.0% in Q3
NZD/USD tumbles to near 0.5630 in Thursday’s early Asian session, down 0.43% on the day. Weaker-than-expected New Zealand’s GDP data weighs on the Kiwi. The Fed announced a quarter-point cut to its key interest rate at its December meeting on…
New Zealand sinks into recession as Q3 GDP dives 1.0% By Reuters
By Wayne Cole SYDNEY (Reuters) – New Zealand’s economy sank into recession in the third quarter as activity dived far more sharply than expected, while the prior quarter was also revised sharply downward, a dire result that cements the case…
New Zealand’s Gross Domestic Product contracts 1.0% QoQ in Q3 vs. -0.4% expected
New Zealand’s Gross Domestic Product (GDP) shrank by 1.0% QoQ in the third quarter (Q3) compared with a 1.1% contraction (revised from -0.2%) in the second quarter, the Australian Bureau of Statistics (ABS) showed on Thursday. This reading came in…
Expected Growth of U.S. LNG Exports to Support Nearly 500,000 Jobs Annually and Add $1.3 Trillion to United States Gross Domestic Product Through 2040, New S&P Global Study Finds
Impact on U.S. domestic natural gas prices—among the lowest in the world—would remain negligible WASHINGTON, Dec. 17, 2024 /PRNewswire/ — On their current trajectory, growing exports of U.S. liquefied natural gas (LNG) would support nearly half a million domestic jobs…
China plans record budget deficit of 4% of GDP in 2025: sources
STORY: Chinese leaders have agreed to raise the budget deficit to 4% of gross domestic product next year. The number would be the highest on record. That’s according to Reuters sources, who also said Beijing will stick to an economic…
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Libya Economic Monitor : Stabilizing Growth and Boosting Productivity (Fall 2024) [EN/AR] – Libya
Attachments Libya’s Economic Outlook: Pathways to Sustainable Growth and Increased Productivity WASHINGTON, December 17, 2024 — Libya’s economy is expected to stabilize following an agreement ending the leadership crisis at the country’s central bank (CBL) that led to a significant…
Koreans don’t feel impact of remarkable gross national income growth
Vegetables are piled up at a stall in a nearly empty traditional market in Seoul, Nov. 5. Yonhap By Yi Whan-woo Koreans do not think their actual income increased as steeply as the gross national income (GNI) per capita, which…
GDP growth in Mobile could bring better wages and more jobs
MOBILE, Ala. (WALA) – The latest data from the Bureau of Economic Analysis shows some promising upward trends for Mobile County. The Mobile Chamber of Commerce made a big announcement Tuesday about the economic growth. The Chamber said Mobile County’s…
GDP growth slowing down to 5.4% in second qtr only a temporary blip: Sitharaman
Finance minister Nirmala Sitharaman on Tuesday said that economic expansion rate in the last three years had averaged 8.3% and that the “less than expected” 5.4% growth in the September quarter, which followed the quarter in which national polls were…