Posts Tagged ‘forecast’

IMF cuts economic growth forecast for South Korea

Citing escalating fiscal woes in the euro zone, the International Monetary Fund (IMF) lowered its growth forecast for the South Korean economy this year. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

IMF lowers growth prediction for Asia

Linda Young – AHN News Writer Singapore (AHN) – International Monetary Fund (IMF) officials have cut forecasts for growth in Asia because of concerns over problems in two of its key export zones. Both the United States and the eurozone are experiencing problems that could mean those zones import less from Asia. The IMF cited […]

Portugal revises growth forecast

LISBON: Portugal’s prime minister said Saturday he anticipated better-than-expected economic performance in 2011, but that the outlook for 2012 was gloomier than previously forecast, Dow Jones Newswires reported. View full post on Business Stories

World Bank retains 5 percent GDP forecast for Philippines for 2011

Vittorio Hernandez – AHN News Manila, Metro Manila, Philippines (AHN) – The World Bank retained its previous forecast of a 5 percent gross domestic growth rate for the Philippines for 2011. It likewise kept the 5.4 percent economic expansion forecast for next year. The bank, in its quarterly updated released on Wednesday, explained its outlook […]

Higher oil price prompts increased drilling

Higher-that-expected oil and gas drilling activity in western Canada led the Canadian Association of Oilwell Drilling Contractors Wednesday to increase its forecast for total number of wells to be drilled in 2011. View full post on Canada Business Stories

OECD reduces 2011 growth forecast for Britain to 1.5 percent

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – The Organization for Economic Cooperation and Development reduced its 2011 growth forecast for Britain to 1.5 percent from 1.7 percent. The OECD explained the cut to significant risks the British economy is exposed to such as weak domestic consumption, dipping house prices, fiscal consolidation […]

World Bank forecasts slower growth for Philippines in 2011, 2012

Vittorio Hernandez – AHN News Manila, Metro Manila, Philippines (AHN) – The World Bank forecast Thursday a slower growth for the Philippines in 2011 and 2012, compared to 2010’s 6.8 percent growth of gross domestic product. The bank predicted this year’s growth rate to reach 5 percent and 5.4 percent for 2012 based on assumptions […]

Iceland ‘in talks with Middle East investors’

The owners of frozen food chain Iceland are reportedly in talks with Middle East investors over a potential £1.5 billion sale. Related Stories Growth forecast cut EU business number ‘could cut costs’ Tesco sales going cold? Britain welcomes draft deal over IceSave B&Q January sale to begin a week earlier View full post on UK […]

Brown-Forman Beats Profit Estimates In Q2, Raises Forecast

Kris Alingod – AHN News Contributor Louiseville, KY, United States (AHN) – Brown-Forman posted second quarter earnings on Thursday, beating profit estimates but falling short of expected revenue. The liquor maker raised its outlook for the full fiscal year. Net income for the period ended Oct. 31 rose 5 percent to $154 million, or $1.05 […]

British Chamber Of Commerce Forecasts 1.9 Percent Economic Expansion In 2011

AHN News Staff London, England, United Kingdom (AHN) – The British Chamber of Commerce forecast over the weekend a 1.9 percent economic expansion for the country in 2011. It is actually a downgrade from the chamber’s September prediction of a 2.2 percent gross domestic product growth rate. The BCC explained the less rosy outlook to […]