Global Economy Will Grow More Than Expected, UN Report Says

An update to January forecasts suggests the world's economic growth rate will hit 2.7 percent in 2024, thanks to a better U.S. outlook and improved prospects for some larger emerging economies. Read More

GDP Grew Only 1.6% in Q1 in First Sign of Slowing Growth as Businesses Trimmed Inventories, Imports Surged

“The GDP missing expectations this quarter may be a sign that the economy is finally reacting ... looking for a monthly gain of 0.3% and an annual rate of 2.6%. The core index that strips ... Read More

Former RBA governor's bleak interest rate rise prediction

A former Reserve Bank of Australia (RBA) governor has made a grim prediction about where interest rates could go. It's been on hold at 4.35 per cent since November and homeowners have winced through ... Read More

Immigration collides with housing crises

Many developed countries are facing economic challenges as migration-driven growth falters due to housing shortages. Despite the positive impact of immigration on workforce gaps, housing affordability ... Read More

Economy likely grew by 6.2 percent in Q1

MANILA, Philippines — The Philippine economy is expected to have posted a 6.2-percent growth in the first quarter supported ... show that the economy can grow faster this year than the full ... Read More

British economy grows 0.6 pct in Q1

After two quarters of contraction, the country's economy ... only a little offset by another weak quarter for construction," said McKeown. Monthly speaking, the GDP grew 0.4 percent in March, 0.2 ... Read More

1st LD Writethru: German economy grows by 0.2 pct in Q1 2024

BERLIN, April 30 (Xinhua) -- The German economy grew by 0.2 percent in the first quarter of 2024 compared to the previous quarter, indicating a slow recovery from last year's recession ... Read More

GDP: US economy grows at 1.6% annual pace in first quarter, falling short of estimates while inflation increases

The US economy ... for the first quarter came in softer than expected was weaker data in trade and exports, which together weighed on GDP growth for the quarter by about 1.2 percentage points. Read More

China economy grows faster than expected in first quarter

That beat expectations the world's second largest economy could see growth slow to 4.6% in the first quarter. Last month ... said the economy grew by 5.2% in 2023. For decades the Chinese economy ... Read More

Traders bet on faster interest rate cuts as US inflation falls

Burberry sales tumbled as the fashion brand revealed weaker demand from China and the US. Comparable sales in the Americas dropped by 12pc in the first three months of this year versus the same period ... Read More

US Economy Expected To Grow 2.5% In Q1: Not 'A Hard Landing And Hardly A Soft One'

The U.S. economy showed a robust 3.4% growth rate in the last quarter of 2023 ... the consensus by 0.6 percentage points and edges out the Atlanta Fed's expectations by 0.2 points. Read More

Rate Chokehold on World Economy Is Set to Loosen Only Slowly

(Bloomberg) -- The high tide for global interest rates has passed, but respite for the world economy may be limited ... be watching for signs in the second quarter that inflation is still headed ... Read More