IMF hikes UK growth outlook with Labour set to deliver highly anticipated budget plans
The International Monetary Fund raised its 2024 growth outlook for the United Kingdom, citing expected boosts in domestic demand due…
Category: Economy
UK inflation rises to 2.6% in November, in line with expectations
LONDON — U.K. inflation increased to 2.6% in November, as reported by the Office for National Statistics on Wednesday, marking…
Bank of England holds rates but vote split surprises markets
The Bank of England concluded its final meeting of the year by deciding to keep interest rates unchanged, following a…
German economy contracts 0.2% in 2024 in second consecutive annual slowdown
The German economy contracted by 0.2% in 2024, marking the country’s second consecutive yearly slowdown, as per data from statistics…
Euro zone inflation rises to 2.6% in July, above expectations
Headline inflation in the euro zone unexpectedly rose to 2.6% in July, as reported by the European Union’s statistics agency…
Trump reportedly considering important alteration to tariff plans
President-elect Donald Trump is contemplating a revised plan that would maintain tariffs on all nations but would focus on a…
Core inflation rate slows to 3.2% in December, less than expected
Prices for various goods and services increased in December, ending 2024 with some positive news on inflation, particularly in housing.…
Why an indicator that has foretold almost every recession doesn’t seem to be working anymore
Wall Street’s favorite recession signal began flashing red in 2022 and has remained active, despite being consistently inaccurate thus far.…
UK inflation holds steady at Bank of England’s 2% target, above expectations
U.K. inflation remained steady at the Bank of England’s 2% target in June, according to Official National Statistics data released…