The economy might be stalling, but be thankful for our strong job market City Comment: The GDP graph is now barely flickering, but remarkably few people are involuntarily out of work Evening Standard · May 12, 2023
Meta says new study shows the metaverse could boost the global economy by $3.6 trillion per year and yes it probably is worth noting Meta paid for the research By 2035, Meta supported research reckons the company has potential to overtake mobile phones as the major computing platform. PC Gamer · May 12, 2023
Stock Index Futures Climb as Investors Weigh Economic Outlook, U.S. Debt Ceiling Talks Remain in Focus June S&P 500 futures (ESM23) are up +0.44%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.30% this morning after three major U.S. benchmark indices closed mixed on Thursday as renewed concerns about the health of regional banks overshadowed economic data that showed a moderation in producer prices and… Barchart · May 12, 2023
UK economy grows slightly in first quarter but slumps unexpectedly in March THE UK economy marginally grew over the first quarter of the year, according to official data, despite an unexpected slump in March. The National (Scotland) · May 12, 2023
UK economy stuck in first gear as GDP plunges in March Bad weather and strikes blamed for forcing down high street sales Evening Standard · May 12, 2023
FTSE 100 Live: ‘Inflation at a turning point’, BoE economist says; FTSE closes up 0.3% despite March GDP fall The FTSE 100 index is trading higher today Evening Standard · May 12, 2023
UK ‘bottom of G7 growth league table’; Royal Mail CEO stepping down – as it happened UK’s recovery since pandemic has lagged other G7 nations, despite expanding by 0.1% in first quarter of 2023 The Guardian - UK · May 12, 2023
The Bank of England has raised interest rates to 4.5% from 4.25% It is the 12th consecutive increase in rates Wales Online · May 11, 2023
The Debt Ceiling Fight Is a Reminder of America's Dire Fiscal Future The longer we wait to address our debt, the more painful it will be. Reason · May 11, 2023
Australia budget 2023: six graphs that explain this one-off surplus From the one-time surplus to the budget’s impact on inflation, here’s what you need to know The Guardian - AU · May 9, 2023
‘Greedflation’ – it’s a boon for business but hurts average Australians Profit-driven inflation: People who decide the prices they charge us like to say that they ‘have no choice’, but they do. The New Daily · May 8, 2023
Vivek Ramaswamy Is Wrong About the National Debt We can't grow our way out of its ruinous economic impact. The only way forward is to cut spending. Reason · May 5, 2023
IMF: Gov. Strategy Helped the Saudi Economy The International Monetary Fund (IMF) confirmed that government-led reforms and private investment growth in new sectors would help support non-oil economic growth in Saudi Arabia to be less dependent on oil. The Saudi economy grew 8.7 percent last year, while the real GDP during the fourth quarter of 2022 increased… Asharq Al-Awsat · May 4, 2023
From Elizabeth II to Charles III: how the UK economy has changed From rationing to taxes, house prices to health – the differences and similarities between the Britains of 1953 and 2023 The Guardian - UK · May 4, 2023
The Conversation · May 1, 2023 Canadians have lots of reasons to be skeptical about increased defence spending Leaked documents from the Pentagon have revealed what many suspected: Justin Trudeau’s Liberal government has no intention of meeting the NATO defence spending target of two per cent of GDP.
Bangkok Post · Apr 28, 2023 BoT sees strong GDP growth in Q1 The Bank of Thailand (BoT) believes gross domestic product (GDP) growth in the first quarter should beat the previous quarter thanks to continued recovery supported by private consumption and tourism.
The Conversation · Apr 28, 2023 The Federal Reserve and the art of navigating a soft landing ... when economic data sends mixed signals With inflation easing and the U.S. economy cooling, is the Federal Reserve done raising interest rates? After all, gently bringing down the trajectory of prices without crashing the economy was the central bank’s objective when it began jacking up rates over a year ago.
Barchart · Apr 28, 2023 S&P Futures Tick Lower Ahead of Key U.S. Inflation Data June S&P 500 futures (ESM23) are trending down -0.33% this morning after three major U.S. benchmark indices rallied on Thursday as technology stocks continued to shine, while investors braced for a reading on the Federal Reserve’s preferred inflation gauge.
Evening Standard · Apr 28, 2023 Germany narrowly escapes recession as economy flatlines, underperforming expectations However, investors may take confidence from elsewhere in Europe, as France and Italy both returned to growth
Fortune · Apr 28, 2023 U.S. GDP growth delays the long-predicted recession—again The Federal Reserve has more work to do to ease inflation—which is why so many see a recession ahead.
Fortune · Apr 27, 2023 The latest GDP numbers have economists fearing more than just a recession: ‘The U.S. might well be facing stagflation’ “This morning’s data was the worst of both worlds, with growth down and inflation up,” said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.
Barchart · Apr 27, 2023 Stock Index Futures Move Higher as Investors Await Key U.S. GDP Data, Meta Surges on Upbeat Earnings June S&P 500 futures (ESM23) are up +0.46%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.79% this morning as market participants digested consensus-beating results from Meta Platforms while awaiting U.S. GDP reading to gauge the strength of the U.S. economy.
Insider UK · Apr 26, 2023 Scotland’s GDP remains below pre-pandemic levels Economy grew by 0.2% in the final quarter of last year, but remains 0.4% below the same period in 2019
The Guardian - UK · Apr 25, 2023 Poland has changed beyond recognition – and so has its place in Europe’s pecking order Since 1989 my family has gone from farm labourers to high achievers. Something similar has happened to my country, says social scientist Anna Gromada
The Independent UK · Apr 25, 2023 9.9% increase in taxes collected in 2022-23 Tax receipts equated to 31.4% of GDP in 2022 -23, according to HM Revenue and Customs figures.