Economy News Higher Inflation, Much Weaker Growth Brexit Has Hit The U K Economy Hard, Says Goldman Sachs

Whether it’s a ‘productivity puzzle’ or the ‘British disease’, the UK economy has been underperforming for decades

In 1964, a Labour government came to power in the UK with a pledge to curb inflation and to deliver growth. The growth plans were short lived. In 2024, in a cost-of-living crisis, Labour again won an ... Read More

Robust consumer spending, rising exports fuel US economic growth in third quarter

The increase in consumer spending was the fastest in nearly a year as households splurged on recreational goods and vehicles and traveled internationally. Read More

US economy expands at a surprisingly strong 4.3% annual rate in the third quarter

The U.S. economy economy expanded at a strong 4.3% annual rate from July through September as consumer spending, exports and government spending all grew. Read More

US Economy Grows at Fastest Pace in Years With 4.3% GDP Gain

The US economy expanded in the third quarter at the fastest pace in two years, bolstered by resilient consumer and business spending and calmer trade policies. Read More

UK consumers feel the pinch from tax increases as economy slows

British households saved less in the July-to-September period of this year as they felt the hit from higher taxes but still increased their spending, according to official data which confirmed a ... Read More

Brexit Hit to UK Economy Double Official Estimate, Study Finds

Brexit has caused almost twice as much damage to the UK economy than estimated by official forecasts, according to new paper from a group of experts including a senior Bank of England economist. The ... Read More

The US economy expanded at the fastest pace in two years as wealthier Americans kept spending

An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second ... Read More

The Economy Avoided a Recession in 2025, but Many Americans Are Reeling

A feared recession didn’t materialize, but unemployment rose, wage growth slowed and affordability challenges are mounting. Read More

Here’s why everyone’s talking about a ‘K-shaped’ economy

WASHINGTON (AP) — From corporate executives to Wall Street analysts to Federal Reserve officials, references to the “K-shaped economy” are rapidly proliferating. So what does it mean? Simply put, the ... Read More

K-shaped economy: Why it’s being discussed

WASHINGTON — From corporate executives to Wall Street analysts to Federal Reserve officials, references to the “K-shaped economy” are rapidly proliferating. So what does it mean? Simply put, the upper ... Read More

Voters express economic worries over inflation as costs rise, Fox News poll finds

Voters' views of the economy have dimmed in recent months, as economic concerns that helped return President Donald Trump to the White House are now weighing on his approval ratings in the latest Fox ... Read More