I’m Chris Anstey, a senior editor for economics in Boston, and today we’re looking at the reshaping of US trade patterns. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. US trade with … Read more
The US economy is showing “remarkable strength” compared with Europe, where countries are struggling more with tighter monetary policy and the shocks of the energy price surge in recent years, OECD Chief Economist Clare Lombardelli said. The Paris-based organization revised up its forecasts for US growth next year while it cut expectations for most of … Read more
I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the remarkable growth in US GDP. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. … Read more
The US economy’s fourth-quarter growth trounced forecasts as cooling inflation fueled consumer spending, capping a surprisingly strong year that defied recession calls. Gross domestic product increased at a 3.3% annualized rate, according to the government’s preliminary estimate out Thursday. For all of 2023, the economy expanded 2.5%. Source link
Forecasters who follow the US economy found themselves in a familiar place after a recent retail sales report: revising up their estimates for GDP. Quarterly data on gross domestic product due Thursday from the Bureau of Economic Analysis is expected to show the economy expanded at a 2% annual rate in the final three months … Read more
US GDP Latest: How Much Did the Economy Grow Last Year? Bloomberg Source link
China and Democratic Republic of Congo are discussing $7 billion in financing as part of a renegotiated minerals-for-infrastructure deal, President Felix Tshisekedi said Saturday at his second inaugural address in the capital, Kinshasa. Tshisekedi has been pushing for a restructuring of a 2008 $6.2 billion contract between the countries, which he says has provided little … Read more
On an autumn afternoon in Stockholm’s trendy Södermalm neighborhood, the terraces are brimming with locals sipping coffee, wine and beer. But instead of ashtrays or lighters, tables are scattered with small round plastic containers bearing brand names such as General, Velo, Zyn, Göteborgs Rapé and Ettan. They contain snus, nicotine-filled pouches resembling tiny teabags that … Read more
Huge numbers of merchant ships have continued to navigate the southern Red Sea since warnings by western navies to stay away from the crucial trade route to avoid attack by Houthi militants. On Friday, the Combined Maritime Forces — encompassing both UK and US navies — advised merchant ships to stay away from the danger … Read more
China looks all but certain to hit its growth goal of about 5% for 2023, shifting attention to whether deflation risks, the housing crisis and a lingering confidence crunch will derail efforts to build momentum this year. Data due on Wednesday will likely show China’s gross domestic product expanded 5.2% for the entirety of last … Read more