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Economy

UK Economy Contracts for Second Consecutive Month

Britain's economy shrank for the second consecutive month in October, marking the first back-to-back monthly declines since the onset of the COVID-19 pandemic, reports Reuters. This setback comes as the new Labour government prepares for its first budget and presents a challenge for Finance Minister Rachel Reeves. Gross

Japanese Business Mood Improves Slightly, But Global Risks Remain

Japanese business confidence edged higher in the three months to December, according to a Bank of Japan (BOJ) survey released Friday, offering some reassurance to the central bank as it navigates a gradual path toward higher interest rates, reports Reuters. While sentiment among large manufacturers improved, rising to +14 from

Australia's Unemployment Rate Defies Expectations, RBA Rate Cut Prospects Dim

Australia's unemployment rate unexpectedly fell to an eight-month low in November, signaling a far more resilient labor market than many had anticipated, reports Reuters. This surprising strength has prompted a reassessment of the Reserve Bank of Australia's (RBA) need to cut interest rates in February, just

US Inflation Shows Signs of Stalling, Raising Concerns for Fed

US inflation likely saw another month of firm price increases in November, suggesting that progress toward the Federal Reserve's target is slowing, reports Bloomberg. Economists polled by Bloomberg project a 0.3% rise in the core consumer price index (CPI), excluding food and energy, for the fourth consecutive

Tariffs Top Investor Concerns as Trump Begins Second Term, Goldman Sachs Survey Shows

A Goldman Sachs survey reveals that tariffs are the primary concern for investors as President Trump embarks on his second term. While largely agreeing with Goldman Sachs’ predictions on policy changes, investors appear more apprehensive about the potential economic and monetary fallout from Trump's trade actions. The survey

Australia's Slowing GDP Growth Pushes Rate Cut Expectations Forward

Australia's economy grew at its slowest annual pace since the pandemic in the third quarter, disappointing expectations for a rebound and prompting a significant shift in market forecasts for interest rate cuts, reports Reuters. The Australian Bureau of Statistics (ABS) revealed on Wednesday that real gross domestic product

China's Services Sector Growth Slows Amidst US Tariff Concerns

China's services sector growth eased in November, according to a private sector survey, as the economy grapples with multiple challenges and anticipates the impact of increased US tariffs under the incoming Trump administration, reports Reuters. The Caixin/S&P Global services purchasing managers' index (PMI) fell

US Economy Poised for Solid Growth in 2025 Despite Trump's Policies: BofA

Despite uncertainties surrounding President-elect Donald Trump's economic policies, Bank of America (BofA) expects the US economy to maintain solid growth in 2025, projecting an annualized rate of 2.4%, according to a research note released Monday. This forecast surpasses current consensus estimates of around 2% growth, as reported

Corporate America on Edge as Trump's Tariff Threat Looms

Corporate executives are adopting a wait-and-see approach to President-elect Donald Trump's promised heavy tariffs on imports, but many have expressed significant concerns about the inflationary impact of such measures, reports Reuters. Numerous major US corporations have addressed the tariff issue at recent investor events and conference calls, with

BOJ Governor Sees Increased Likelihood of Wage-Driven Inflation

Bank of Japan (BOJ) Governor Kazuo Ueda expressed optimism on Monday about Japan's progress toward achieving sustained inflation driven by rising wages, signaling that conditions for future interest rate hikes are gradually improving, as reported by Reuters. In a speech to business leaders in Nagoya, Ueda stated, "