DUBLIN (Reuters) - A temporary government shutdown with no end in sight, rising trade conflicts and a global growth slowdown: the first quarter outlook for the U.S. economy did not look promising at the turn of the year. FILE PHOTO: A container ship is shown at port in Long Beach, California, U.S. July 16, 2018. REUTERS/Mike Blake But Friday’s gross domestic product data for the first three months of 2019 could strengthen the case that while the current period of global expansion is in its late stages, some of the biggest contributors have yet to run out of steam. After China’s economy defied expectations that it would slow further in January-March, U.S. growth is expected to be 2.1 percent in the same period, although the range of analysts’ estimates was wider than usual at 1.0 to 2.9 percent. If the Atlanta Federal Reserve’s GDPNow model, based on data already released, is to be believed, growth will come in almost at the top of that range and … [Read more...] about U.S. may follow China with first quarter GDP upside surprise
Quarterly gdp china
Mainland China Q1 GDP Beats Expectations Amid Central Bank Stimulus
Kristian Rouz — China's economy has posted an unexpected first quarter rebound, defying concerns about trade disruptions and underinvestment at home. Experts say it's too early to suggest whether this mild recovery could point to a longer-term stabilisation of the Chinese GDP growth rate, as the rebound has largely been attributed to the limited central bank support introduced last year. READ MORE: Bank of China Opens its First Branch in India to Boost Financial Cooperation According to the Chinese government Wednesday, the nation's first quarter GDP came in at 6.4 percent — beating the earlier expectations of either 6.2 percent (according to market consensus) or 6.3 percent (according to Reuters' advance estimate). © AP Photo / Richard DrewReport: China's Debt to Rise Amid Decreasing 'Shadow Banking' RisksThe upbeat figure comes after the People's Bank of China (PBOC) … [Read more...] about Mainland China Q1 GDP Beats Expectations Amid Central Bank Stimulus
China first quarter GDP growth steady at 6.4 percent year-on-year, beats expectations for slowdown
China’s economy grew 6.4 percent in the first quarter from a year earlier, official data showed on Wednesday, above expectations and steady from the previous quarter, helped by sharply higher factory production, Trend reports citing Reuters. Analysts polled by Reuters had expected growth to slow slightly to 6.3 percent in the January-March quarter, the slowest pace in at least 27 years. China’s trading partners and investors are closely watching for signs of improvement in its economy amid growing worries about sputtering global growth. Initial March readings had offered some encouragement that the economy was starting to turn the corner after a rocky start to the year, but analysts say it is too early to call a sustainable turnaround. Follow Trend on Telegram. Only most interesting and important news … [Read more...] about China first quarter GDP growth steady at 6.4 percent year-on-year, beats expectations for slowdown
Mainland China’s Economy Posts Unexpected Upturn – Central Bank
Kristian Rouz — The People's Bank of China (PBOC) says the nation's economy has shown signs of improvement in the first quarter, defying fears of an ongoing slowdown. Officials have highlighted a rebound in real estate prices across China's urban areas, as well as an uptick in lending, which could, in turn, energise the mainland's business activity later this year. © AP Photo / Pablo Martinez MonsivaisTrump on Trade War With China: US Is ‘Going to Win Either Way’In a statement Monday, the PBOC said China's economy remains sustainable and healthy despite mounting international risks, including trade tensions, the slowing demand for Chinese-made goods overseas, and an overall cooling of the global economy. The PBOC reiterated its commitment to keeping monetary policies stable this year, which likely suggests that the central bank will abstain from cutting rates or buying private-sector … [Read more...] about Mainland China’s Economy Posts Unexpected Upturn – Central Bank
U.S. fourth-quarter growth cut; corporate profits fall
The U.S. economy slowed more than initially thought in the fourth quarter, keeping growth in 2018 below the Trump administration’s 3 percent annual target, and corporate profits fell by the most in a year, reports Trend citing Reuters Gross domestic product increased at a 2.2 percent annualized rate, the Commerce Department said in its third reading of fourth-quarter GDP growth on Thursday. That was down from the 2.6 percent pace estimated in February. The economy grew at a 3.4 percent pace in the third quarter. The expansion will be the longest on record in July. The revisions to the fourth-quarter GDP reading reflected markdowns to consumer and business spending, as well as government outlays and investment in homebuilding. For all of 2018, the economy grew 2.9 percent as previously reported. Annual growth still missed the White House’s 3 percent target despite $1.5 trillion in tax cuts and a government spending blitz. Growth last year was the strongest since 2015 and was … [Read more...] about U.S. fourth-quarter growth cut; corporate profits fall