Last year's growth of 0.8% was the lowest in decades.
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Last year's growth was 3.2 percent, still lagging regional peers.
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That would bring this year level with last year's growth rate.
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This year's growth target has already been cut to around 2%.
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Last year's growth number compares to 2.9 percent growth in 2014.
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The central bank currently sees this year's growth at 3.0 percent.
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In December, the bank put this year's growth at 1.7 percent.
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This year's growth in China was driven by new store openings.
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Last year's growth of 4.1% was the fastest in six years.
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Last year's growth was just 2.4%, the lowest in five years.
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Last year's growth was just 2.4%, the lowest in 5 years.
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Last year's growth rate, 1.5 percent, was below the regional average.
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Last year's growth for Southeast Asia's second-biggest economy was 4.1%.
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The central bank sees this year's growth gradually rising to 2.3%.
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In December, the central bank put this year's growth at 1.7 percent.
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Last year's growth rate of 6.7 percent was a 26-year low.
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There will be a negative impact on this year's growth for China.
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The government forecast this year's growth of 2.5%, the central bank 2.8%.
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Next year's growth forecast was upgraded to 1.6 percent from 1.3 percent.
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This boosted last year's growth, although moviemakers see little of the additional revenue.
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Many portfolio managers are considering cashing in on the year's growth until now.
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Plummeting installation costs were primary driver of last year's growth, Luecke told me.
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The big concern as earnings season began was the outlook for this year's growth.
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The International Monetary Fund expects this year's growth to drift down to 6.3 percent.
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This has boosted this year's growth, although moviemakers see little of the additional revenue.
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Past White House budgets have often overshot in their predictions for the next year's growth.
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The government has revised down its target for this year's growth to 3.7%, from 4%.
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Germany, France, Italy and Spain were among the countries to get next year's growth forecasts cut.
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Last year's growth was a modest 23 percent, short of the federation's 163-percent growth forecast.
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The government has downwardly revised this year's growth projection to 1.8 percent from 2.7 percent previously.
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Governor Lee Ju-yeol added that this year's growth could dip further due to the curbs.
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As markets expected, next year's growth forecast was revised down to 2.8 percent from 2.9 percent.
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Last year's growth was affected by a decline in investment, exports and private lending, the report said.
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The index-trackers account for over 70% of Vanguard's assets and over 90% of last year's growth.
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At the same time, the company has a full year's growth under its belt since that event.
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Gordhan said this year's growth rates would hover around 0.9 percent, compared to initial predictions 1.7 percent.
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But at this point last year's growth is looking like a brief and rapidly fading sugar high.
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This year's growth forecast of 1.6 percent has been revised down twice, from an original 2.7 percent.
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The country's economy has plunged, with this year's growth on track to be the slowest in decades.
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On Thursday, Rome cut this year's growth forecast to 22020 percent from a previous estimate of 2126 percent.
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Predicting the previous year's growth rate came last-but-one, as Messrs Pritchett and Summers might have foreseen.
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Stripping that division out drops last year's growth to closer to 44 to 45 percent, Wu went on.
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Last year's growth in goods trade was led by Asia, by investment spending and by higher commodity prices.
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In August, Fitch trimmed next year's growth forecast for South Korea to 2.3% in August from the previous 2.6%.
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Inundate an oak tree for a couple weeks and that year's growth ring will show damage at the cellular level.
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Last year's growth rate of 269 percent was an entire percentage point below the economy's pace of advance in 653.
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It also marked a substantial slowdown from the previous year's growth, when sales rose 21 percent using that same metric.
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The new finance minister cut the government's view of this year's growth rate to 3.6 percent from 4 percent previously.
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Squawk Box Live tracked market reaction after Chinese officials lowered this year's growth target to between 6.5 and 7 percent.
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That would either meet or exceed last year's growth of 3.6 percent, and a five-year average of 3.5 percent.
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Walmart said it expects online sales to grow about 30% for fiscal 2021, down from last year's growth of 37%.
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Next year's growth will be below 3 percent but higher than the 2 percent in 2016, Leos said in an interview.
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Last year's growth was 2.8 percent.. (Reporting By Kitiphong Thaicharoen; Writing by Pairat Temphairojana; Editing by Orathai Sriring and Jacqueline Wong)
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Next year's growth is likely to be helped by an increase in exports and strong tourism revenues, government officials have said.
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The Bank of Thailand has forecast economic growth of 3.2 percent this year, up from last year's growth of 2.8 percent.
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"The projected target for this year's growth is realistic," Mr. Li said in a report issued on Sunday before lawmakers convened.
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With 22 months of lead time, they misfired by 1.3 points on average—no better than repeating the previous year's growth rate.
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It also lowered its estimate for next year's growth, which is now seen at 0.73% instead of the 1.5% forecast in May .
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Nihan Ziya-Erdem of Garanti Bank says the slowdown could shave as much as one percentage point off this year's growth rate.
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"Next year's growth target could be similar to this year's," said a source who is close to policy discussions within the government.
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That follows this year's growth of 9.8 percent, the U.S. Department of Agriculture Foreign Agricultural Service said in an August 2017 report.
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This year's growth strategy focused more on promoting technology and changing some regulations to make it easier for companies to do business.
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Wood Mackenzie expects the offshore wind industry will add about 8,500 megawatts of capacity in 2021 — that's roughly double last year's growth.
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In the survey, the forecasters also cut their outlook for this year's growth to 21.4 percent from 1.8 percent in the September survey.
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"A weak fourth quarter is not good news for this year's growth projections," said Diego Iscaro, senior economist at IHS Economics in London.
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Next year's growth forecast "could well be taken down from 2000 percent to 22010 percent," he said in a recent note to clients.
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"I won't deny it, but it doesn't call into question next year's growth figures (also forecast at 1.5 percent)," Sapin told RTL radio.
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Sales grew 8.2 percent, outpacing last year's growth of 6.1 percent and its strongest growth since 2010, the company said in a statement.
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It also revised down its estimate for next year's growth, which is now seen at 1.4% instead of the 1.5% forecast in May.
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The tax cuts are seen boosting potential GDP by nearly 0.4% to 2.35%, while tariffs reduce this year's growth by about half that amount.
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"The government's extra budget will only partially affect this year's growth and this may lead to more demand for another rate cut," said Park.
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Policy advisers are recommending leaders to lower next year's growth target to 6.0-6.5 percent, as the trade war with Washington starts to bite.
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The European Commission now expects euro zone growth of 1.2 percent in 2019 and halved this year's growth forecast for Italy to 1.13 percent.
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This year's forecast by NRF would either meet or exceed last year's growth of 3.6 percent, and a five-year average of 3.5 percent.
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This year's growth is set to come in at a pace slower than last year's, which was already the weakest pace in 25 years.
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The government downwardly revised this year's growth projection to 1.8 percent from 2.7 percent previously when it unveiled its medium-term fiscal strategy on Sunday.
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The NRF said earlier this month that it expects retail sales will grow 3.1 percent this year, which would be flat with last year's growth.
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"Stripping out the effect of inflation, the real sales growth surpassed the prior year's growth in the same quarter," the company said in a statement.
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This year's growth is mostly driven by low interest rates, population growth and a strong economy — assuming there are no changes to the cash rate.
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"If this year's growth goal is not that high, there will be less pressure on the strength of policy support," said a second policy source.
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But many economists say last year's growth appears to have been real — although bringing additional debt that could burden the economy for years to come.
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"We predict over one percent next year," Gordhan told reporters on the sidelines of the FT Africa Summit, declining to comment on this year's growth expectations.
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The focus of this year's growth strategy is meeting Prime Minister Shinzo Abe's target of raising nominal gross domestic product to 600 trillion yen ($5.40 trillion).
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"The official figure [of this year's growth] of the Ministry of Economy is 3% with a downward bias," Alva said during a conference with foreign media.
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In India, the effects of demonetisation and the new goods-and-services tax have caused this year's growth forecast to be trimmed by 0.6 points, to 6.7%.
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The same company also estimates that this time round such a measure could boost next year's growth rate to 5 percent, an increase of 3 percentage points.
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CAAM had originally forecast a 3 percent rise for the year, in line with last year's growth, though still sharply down from a 13.7 percent gain in 2016.
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In January, it had to slash its 2016 budget lower this year's growth forecast to 4.0-4.5 percent as revenue plummeted when oil fell to $30 a barrel.
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In this year's growth strategy, the government proposes to give skilled foreigners permanent residency, with a waiting period of as little as three years, compared with five before 2012.
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"The official figure 1/8of this year's growth 3/8 of the Ministry of Economy is 3% with a downward bias," Alva said during a conference with foreign media.
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The CBO agrees that this year's growth will be close to 3.5 percent, but they also see slower growth thereafter and only 1.9 percent growth over the long run.
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But the Philippines remains one of the fastest growing economies in Asia with robust consumption, which fueled last year's growth, continuing to bolster economic activity as exports pick up.
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Rising trade protectionism around the world could however hurt demand for Uganda's exports, he said, adding the damage would however not be enough to dent this year's growth forecast.
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"Overall June activities are much stronger than expectation," said Haibin Zhu, chief China economist at JPMorgan, adding today's data suggested China is on track to achieve this year's growth target.
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The announcement comes shortly after a stellar Q1 earnings report, with 7.41 million new streaming subscribers, outperforming estimates and handily beating out last year's growth of 4.95 million new subscribers.
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The company reported a 5.2 percent year-on-year increase in same-store sales for the 10 weeks to July 8, roughly steady from last year's growth of 5.3 percent.
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The Spanish government earlier this month put this year's growth at 2.1% of GDP, below its previous forecast of 2.2%, and said it expected an expansion of 1.8% next year.
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It also shaved this year's growth forecast to 2.2%, the lowest in a decade, from 5.5.4%, as a brewing dispute with Japan piled more pressure on the trade-dependent economy.
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China's 2017 growth was a faster-than-anticipated 6.9 percent, prompting the World Bank to revise up this year's growth projection to 6.5 percent from October's forecast of 6.4 percent.
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On Thursday, the Commerce Department issued a downward revision of its estimates for economic growth in the fourth quarter, pushing one measure of the full year's growth down as well.
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Asked about this year's growth forecast, a spokeswoman for the Economy Ministry on Monday declined to comment and pointed instead to the upcoming publication of the government's annual economic report.
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"The impact on the year's growth will be small, particularly considering that the reconstruction work will compensate for some of the total loss in activity during the fourth quarter," Coutino said.
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This Dashboard discusses the industry's strong growth rate in premiums, which are the result of an accounting variation in the financials of the largest market participant, which affected the previous year's growth.
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WPP may end up beating that, since a torrid 2017 will flatter this year's growth figures, while the soccer World Cup typically induces clients to spend more on high-margin TV ads.
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And while Boeing is expecting to log 38 percent earnings per share growth this year, next year's growth is expected to come in at 8 percent, before ramping up again in 2019.
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The U.S. will continue to lead in terms of smart speaker adoption, but a good portion of this year's growth will also come from East Asian markets — particularly China, the report says.
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Based on more complete information about recent years, the government revised last year's growth rate up slightly to 2.6 percent — the best so far since the severe downturn ended in mid-2009.
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Last year's growth was driven by German carmakers Daimler and BMW, rising 17.7 percent and 12.3 percent, respectively, thanks to the popularity of their Smart and MINI brands, and by Fiat Chrysler Automobiles.
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Overall, China's commodity imports in July do raise some question marks about the strength and sustainability of this year's growth rate, but not yet to the point where it's time to turn bearish.
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"Most of (last year's) growth was driven by lower-end wine imported by smaller Chinese companies and logistics firms and then sold online," said Tommy Keeling, analyst at alcohol market research firm IWSR.
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Thailand's trade-dependent economy grew at its slowest quarterly rate in a year in the third quarter, official data showed on Monday, leading the government to cut this year's growth estimate once again.
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Chief Executive Ilkka Paananen said that last year's growth was driven by rising sales in Asia, particularly in China, where Supercell released Clash of Clans in all the main mobile application stores in 2015.
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"We maintain this year's growth projection at 3.5% with the gradual improvement of the economy," Manuela Goretti, the IMF's mission chief for Sri Lanka, said in a teleconference with journalists in the capital Colombo.
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Using a composite of alternative data from electricity usage to car sales, many analysts reckon last year's growth rate was really 5-6%—not bad, though certainly not as buoyant as the government says.
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Though the 2016 forecast is flat with last year's growth figures, the NRF said a 3.1 percent increase (excluding automobiles, gas stations and restaurants) is above the 10-year average of 20153 percent growth.
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Growth in the country of 80 million has been impressive; real GDP growth in Turkey reached 7.4 percent for 2017, more than twice the previous year's growth rate and the highest in the G20.
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This year's growth will be supported by a recovery in agriculture and industry and robust expansion in the services sector, while annual growth rates are expected to reach 5 percent over the medium term.
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The Treasury's Economic and Financial Document (DEF) cut the 2016 growth outlook to 0.8 percent from a 1.2 percent forecast made in April, and lowered next year's growth to 221.37 percent from 22016 percent.
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The Bank of Korea said the North's economy shrank 3.5 percent in 2017, a reversal of the previous year's growth and the sharpest decline in 20 years, when the country was experiencing a famine.
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Egypt's economy is likely to grow 3.5 percent in the 2016/17 fiscal year, a Reuters poll showed on Thursday, missing the government's target of about 5 percent and dipping below last year's growth rate.
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JB Hi-Fi did not give a profit forecast for the 2020 financial year but said it expects sales would grow 2% to around A$7.25 billion, slower than the previous year's growth of 3.5%.
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The sharper cyclical slowdown at the end of last year will reduce the statistical carry-over for 2019 by 4.53 points, the bulletin said, accounting for half of its downward revision to this year's growth forecast.
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Forecasts for Italy remained unchanged, reiterating its economy will see the worst growth rate in the whole 28-country EU. Next year's growth is expected to accelerate to 0.7% but remain the slowest in the bloc.
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The KDI's new projection means this year's growth would be the slowest since the 2008-2009 global financial crisis and - when excluding crisis years - the worst since the country's industrialisation started more than five decades ago.
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This year's growth forecast for Southeast Asia was trimmed to 4.9 percent from an earlier estimate of 5.1 percent, as the Manila-based lender expect Malaysia, Singapore, Philippines and Thailand to grow slower than previously thought.
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The BOK in July trimmed this year's growth forecast for Asia's fourth-largest economy to 2.2% from 2.5% previously, but that is still far above projections by private-sector organizations, which are as low as 1.4%.
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In an annual address to delegates in March, Premier Li Keqiang said this year's growth target range would be even slower, at 6% to 6.5%, and said the country must be prepared for a "tough struggle" ahead.
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Analysts said it was good that Diageo was investing in its businesses but were disappointed the company had not previously disclosed that the shape of the year's growth would be affected by the Chinese and Indian factors.
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Last week, South Korea's central bank delivered a surprise interest rate cut, while shaving this year's growth forecast to 2.2%, the lowest in a decade, as a brewing dispute with Japan piled further pressure on the economy.
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On a conference call with analysts, the company said it expects this year's growth to come primarily from the United States and Europe, its two main markets, while China was forecast to be flat year-on-year.
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The Fed's estimate of last year's growth fills a void left by the recent government shutdown, which delayed publication of the first estimates for fourth-quarter and full-year 2018 growth by the Bureau of Economic Analysis.
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Analysts had expected the move after a bleak mid-term budget statement last week that slashed this year's growth forecast to 0.5% and showed government debt racing to more than 70% of gross domestic product by 2023.
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Although economists who answered an additional question were split on whether a deeper global economic downturn was more likely than a synchronised rebound, this year's growth outlook was downgraded or left unchanged for 38 of the countries polled.
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Although economists who answered an additional question were split on whether a deeper global economic downturn was more likely than a synchronized rebound, this year's growth outlook was downgraded or left unchanged for 38 of the countries polled.
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Global dividends rose 210.5% in the first quarter to $220.7 billion, matching last year's growth and pushing the Janus Henderson global dividend index to an all-time high, according to a report by the asset manager on Monday.
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Forecasts for Italy remained unchanged, reiterating its economy will barely grow this year, seeing the worst growth rate in the whole EU. Next year's growth is expected to accelerate to 0.7% but remain the slowest in the bloc.
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The NBR group of local newspapers reported on Tuesday that the German government's economic advisors, who present their report later on Wednesday, had cut this year's growth forecast to 1.6 percent from a previous estimate of 2.3 percent.
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BERLIN, Dec 14 (Reuters) - The Ifo institute raised next year's growth forecast for the German economy to 2.6 percent from 2.0 percent previously, pointing to a broad-based upswing that is generating record-high employment and buoyant tax revenues.
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After the Bank of Korea kept interest rates unchanged at 1.25 percent in a unanimous vote, Governor Lee Ju-yeol said this year's growth was expected to reach 2.7 percent, steady with the bank's last forecast made in July.
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Earlier in July, the Bank of Korea delivered a surprise interest rate cut, while shaving this year's growth forecast to the lowest in a decade, as a brewing dispute with Japan piled more pressure on the trade-dependent economy.
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But, if Zandi is more or less right, the tit-for-tat trade attacks that he set off last week will cut close to a month's average growth in U.S. jobs, and 0.14% from this year's growth in GDP.
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Last year's growth, the agency said, was the result of a 3.3 percent increase from 2015 in the number of passengers on domestic flights and a 4 percent jump in the number of travelers to and from the United States.
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FILLING THE VOID The Fed's estimate of last year's growth fills a void left by the recent government shutdown, which delayed publication of the first estimates for fourth-quarter and full-year 2018 growth by the Bureau of Economic Analysis.
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SEOUL (Reuters) - South Korea's central bank delivered a surprise interest rate cut on Thursday, and shaved this year's growth forecast to the lowest in a decade, as a brewing dispute with Japan piled more pressure on the trade-dependent economy.
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Last year's growth showed the enduring popularity of red wine among middle-class Chinese, drawn by what they see as a status symbol also offering health benefits, OIV Director General Jean-Marie Aurand said at a news conference in Paris.
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A new report from the National Association of State Budget Officers (NASBO) found state government spending rose by 2628 percent during this fiscal year, slightly higher than the previous year's growth but below a three-decade average of 28500 percent growth.
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In Friday's poll, economists were almost unanimous in saying this year's growth forecast would be revised down but were almost evenly split on whether the 2017 figure would be left unchanged or revised down by the OBR, on March 16.
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Although last year's growth rate in health care expenses was lower than the 5.8% increase in 2015, it was still more than double the broader U.S. inflation rate of 103%, according to the report from the agency's Office of the Actuary.
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The December survey of professional forecasters, sent out in late November, by the city-state's central bank, the Monetary Authority of Singapore (MAS), found economists had cut their outlook for this year's growth to 1.4 percent from 1.8 percent in the September survey.
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But much of this year's growth is due to a big rise in state spending as Dubai builds infrastructure to host the Expo 2020 world's fair; its 2018 budget soared 19.5 percent from 2017 to a record 56.6 billion dirhams ($15.4 billion).
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What Governor Lee Ju-yeol says on the need for economic stimulus might also give a clue to the bank's next policy move, after the bank upgraded this year's growth outlook to 2.6 percent from its earlier estimate of 2.5 percent in April.
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BEIJING (Reuters) - China's leaders are likely to maintain this year's growth target of "around 6.5 percent" in 2018, even as they ratchet up efforts to prevent a destabilizing build-up of debt in the world's second-largest economy, according to policy sources.
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Reuters reported this week that government advisers had recommended to top leaders that China lower next year's growth target to 6.0-6.5 percent when they meet this week at the annual Central Economic Work Conference to map out the 2019 economic agenda.
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The Economic and Financial Document (DEF) will cut the 20.8 growth outlook to around 22016 percent from a 22017 percent forecast made in April, and cut next year's growth to around 20.6 percent or 0.13 percent from 20.1 percent, a government source told Reuters.
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The central bank surprised markets by lowering rates at the July 18 meeting and shaved this year's growth forecast to the lowest in a decade, as the trade row with Japan threatened to pile more pressure on an economy already struggling from sluggish exports and weak inflation.
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" Here's the final slash line for the company: Tesla also said it expects to begin generating positive quarterly operating income on a sustained basis "at some point in 2018," and that its rate of revenue growth in 2018 is "poised to significantly exceed last year's growth rate.
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The situation leaves less wiggle room to cut a public deficit to below the EU-mandated limit of 3 percent next year and will feed criticism from the opposition which has accused the government of overstating next year's growth forecast to increase spending ahead of the election.
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The scale of the challenge Ramaphosa faces was underlined by Finance Minister Tito Mboweni's bleak medium-term budget speech last week, which slashed this year's growth forecast to 0.5% and showed government debt would shoot up to more than 70% of gross domestic product by 2023.
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The report also included views from Chinese government officials, who agreed that this year's growth would likely "exceed marginally" the 6.5 percent target, though they disagreed with the IMF on China's debt, saying that it was manageable and that its growth was likely to slow further.
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In its economic outlook for 2019-2021, the central bank put this year's growth at 2%, below its previous estimate of 2.4% released in June and down from last year's recently revised growth of 2.4%, citing also a change in the methodology of how Spain calculates its gross domestic product.
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Last year's growth was 4.1% Southeast Asia's second-largest is not in a "recession or crisis", Veerathai said, saying Thailand did not have to cut rates as many times as other countries because its policy rate was almost the lowest among emerging markets and it did not have problems with its external position.
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