(Recasts with monthly figures, context) MEXICO CITY, Dec 19 (Reuters) – Mexico’s economy likely contracted by 0.1% in November compared with the previous month, a preliminary estimate from national statistics agency INEGI showed on Monday. The probable drop in activity follows months of aggressive monetary policy tightening in Mexico, rising core inflation and signs of … Read more
New Delhi: Net direct tax collection of the central government including the December installment of advance tax receipts has grown 20% so far this fiscal from the year ago period to ₹11.36 trillion, covering about 80% of the budgeted estimate for the whole fiscal, Central Board of Direct Taxes (CBDT) said on Sunday. Advance Tax … Read more
Reuters Friday December 16, 2022 14:44 LIMA, Dec 16 (Reuters) – The Central Reserve Bank of Peru on Friday slightly reduced its economic growth projection for 2023 to 2.9% from 3.0%, according to a report published by the central bank. Annual inflation in the copper-rich South American … Read more
Atlanta Fed US Q4 GDP Nowcast Growth Estimate 2.8% vs Previous 3.2% Gain Marketscreener.com Source link
Budget 2023: Saudi Arabia exceeds surplus estimate and revises up GDP forecast Arab News Source link
Global Automobile Differential Market An automobile’s gear system is used in an automotive differential. It splits the engine’s power output so that various wheels can travel at various speeds. It has three shafts, each of which rotates at a predetermined multiple of the average speed of the others or the sum of their speeds. The … Read more
Indian economy grew at 6.3% in the quarter ending September 2022, the National Statistical Office (NSO) said in a release on November 30, putting GDP growth for the first half of the fiscal year at 9.7%. Private consumption rose 9.7% in the quarter, and investments, as reflected by gross fixed capital formation, by 10.4%, pointing … Read more
By Associated Press WASHINGTON: Despite high-interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in an upgrade from its initial estimate. Last quarter’s rise in the U.S. gross domestic product — the economy’s total output of goods and services — followed two … Read more
Direct and indirect tax collections are expected to exceed budget estimates in the current year, Revenue Secretary Tarun Bajaj has said. Significantly, he is hopeful that customs duty collection will exceed budget estimates while those from central excise duty will be close to budget estimates. The government has set a target of ₹14.40 lakh crore … Read more
GDP growth may have beaten MPCs estimate of 6.3% in Q2, say economists Business Standard Source link