#economic-outlook
#economic-outlook

UK has moved out of recession, official figures show

The UK's economy grew by 0.6% in the first quarter of the year, officially out of recession [ more ]

London Business News | Londonlovesbusiness.com

3 weeks ago

Growth hacking

Small business growth forecasts reach a three year low

Only 30% of small business owners predict growth, the lowest since January 2021 lockdown. [ more ]

London Business News | Londonlovesbusiness.com

London

London 'confidence is booming'

Business confidence in London rose 14 points to 52% in March.

Top target areas for growth in London include new technology, evolving offerings, and entering new markets. [ more ]

www.independent.co.uk

2 months ago

UK news

UK probably left recession as economy grows 0.2% in January

UK economy rebounded in January with a 0.2% growth in GDP

Services sector and retail sales were major contributors to the economic growth [ more ]

www.theguardian.com

Bank of England optimistic things are moving in right direction' after leaving UK interest rates on hold at 5.25% business live

Bank of England signals rate cut closer due to inflation outlook. [ more ]

www.independent.co.uk

Mortgage pain continues as Bank of England holds interest rates at 16-year high

Homeowners face continued mortgage pain following the Bank of England's decision to keep interest rates high. [ more ]

London Business News | Londonlovesbusiness.com

2 days ago

Bank of England's top economist suggests there could be a summer rate cut

Expectation of an interest rate cut this summer by the Bank of England's top economist. [ more ]

morebank-of-england

federal-reserve

London Business News | Londonlovesbusiness.com

Dollar flat in Asian trading ahead of Fed officials speeches

The dollar remained stable awaiting Fed speeches and data. If consumer sentiment declines, the dollar may weaken further. [ more ]

www.nytimes.com

2 days ago

Fed Chair's Confidence in Slowing Inflation Is Not as High' as Before

Fed Chair Powell indicates readiness to maintain high interest rates until inflation slows further. [ more ]

www.nytimes.com

The Fed Just Got the Job Market Cooling It Has Been Waiting For

Federal Reserve officials are monitoring the job market and considering interest rate cuts. Despite a solid labor market, signs of moderation are being welcomed. [ more ]

ABC7 San Francisco

US employers scaled back hiring in April but still added 175,000 jobs in the face of higher rates

Higher interest rates may have slowed job market growth in April. [ more ]

Coindesk

Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled

The Federal Reserve left the benchmark rate unchanged at 5.25-5.50%. Expectation for rate cuts has decreased due to economic strength and inflation rise. [ more ]

www.nytimes.com

Bets on Rate Cuts This Year Are Fading Away

The Fed's plan to cut interest rates has been challenged due to stubborn inflation, prompting doubts about rate reductions in 2024. [ more ]

morefederal-reserve

London Business News | Londonlovesbusiness.com

The May FOMC meeting brought little by way of surprises

The May FOMC meeting resulted in unchanged rates and guidance with a slightly quicker QT taper. The focus remains on inflation returning towards 2% before policy normalization. [ more ]

consumer-sentiment

www.cbc.ca

Some consumers, businesses are feeling more optimistic about the economy, say BoC surveys | CBC News

Business and consumer sentiment improved despite higher interest rates.

Expectations of interest rate cuts are driving optimism for sales and economic outlook. [ more ]

WSJ

Business intelligence

Consumer Sentiment Supports Global Soft Landing

Consumer and business sentiment is improving worldwide

Oxford Economics' global sentiment gauge is up 10% from a year earlier [ more ]

moreconsumer-sentiment

London Business News | Londonlovesbusiness.com

6 days ago

UK GDP: Recession recedes as UK grows faster than expected

UK officially exits recession with 0.6% growth in Q1 driven by services and manufacturing. [ more ]

London Business News | Londonlovesbusiness.com

3 days ago

Pace of earnings is not consistent with Bank of England's inflation target

Headline unemployment increased to 4.3% in the UK, with concerns over data accuracy. Pay growth at 5.7% YoY may impact inflation persistence and interest rate decisions. [ more ]

London Business News | Londonlovesbusiness.com

48 minutes ago

Oil tries to recover from the May bottom with more positive numbers for the Chinese economy

Crude oil prices rising by 0.3% due to positive signs of future demand from China. [ more ]

London Business News | Londonlovesbusiness.com

London's financial employment rollercoaster

Job openings in City's Financial Services rose 20% in Q1 2024 but fell 33% compared to Q1 2023. [ more ]

www.dw.com

Germany's economy shows slight upturn, raising hopes DW 04/30/2024

Germany's economy grew by 0.2% in the first quarter of 2024, indicating a potential turnaround after a period of slump. [ more ]

www.nytimes.com

U.S. Added 216,000 Jobs in December, Outpacing Forecasts

The U.S. labor market exceeded expectations by adding 216,000 jobs in December, leading to optimism that the economy can maintain steady growth.

Despite concerns about higher interest rates and a potential recession, the labor market has remained resilient, with low layoffs and steady wage gains. [ more ]

www.cbc.ca

'We are getting closer' to cutting interest rates, Bank of Canada governor tells MPs | CBC News

The Bank of Canada is considering cutting interest rates as inflation slows down, impacting the housing market positively. [ more ]

www.cbc.ca

Mortgage holders say they can make higher payments as Canadians cut spending: survey | CBC News

Canadians are cutting back on spending in response to higher borrowing costs and rising prices.

Mortgage holders remain confident in their ability to make higher payments when their mortgages are renewed at higher rates. [ more ]

www.independent.co.uk

Mortgage market heats up but homeowners face painful cost hike despite falling rates

Despite falling interest rates, homeowners still face higher monthly costs when mortgage deals expire this year.

City analysts predict interest rates could fall as low as 3% by the end of 2024. [ more ]

London Business News | Londonlovesbusiness.com

3 weeks ago

Data science

Q1 US GDP report fuels volatility

The Q1 US GDP report shows slower growth and higher inflation, but it is not expected to change the policy outlook significantly. [ more ]

Los Angeles Times

4 weeks ago

Los Angeles

Renters across L.A. are under strain and many fear becoming homeless, survey finds

Nearly 4 in 10 renters in Los Angeles County worry about losing their homes, reflecting intense strain from high housing costs. [ more ]

New York Post

NYC politics

New Yorkers get next to nothing for their high state taxes - Albany budget deal won't change that

New York state ranks poorly in economic outlook and services provided despite high taxes. [ more ]

London Business News | Londonlovesbusiness.com

London

Business activity growth picks up in March

London's business activity index rose in March, driven by increased demand and new orders.

Despite a slight slowdown in new business growth, London firms remained optimistic for the future.

Employment in London dropped slightly, with some companies struggling to find replacements. [ more ]

www.dw.com

Germany news

German car industry regains some confidence DW 04/03/2024

The German car industry is gaining confidence in future prospects after a recent low, particularly driven by improved future expectations and export prospects.

Export hopes, positive developments in the US and China, and minimal supply chain problems contribute to the optimistic outlook of the German car industry. [ more ]

Austin

Austin Monitor

2 months ago

Austin

County commissioners prepare for a complicated budget season - Austin Monitor

Positive economic outlook for Travis County in FY 2025 despite challenges

Travis County historically well-prepared to weather economic conditions [ more ]

Austin Monitor

Austin

Economic forecasters see local climate as 'strong, but uncertain' in 2024 - Austin Monitor

2024 is expected to be less volatile but still uncertain due to ongoing government spending and the impacts of the pandemic.

The Austin area's strong growth trends and budget surpluses will provide a cushion for municipal budgets, even in the case of a small recession. [ more ]

moreAustin

Entrepreneur

2 months ago

Business intelligence

This Year Could Make or Break Many Small Businesses: Report | Entrepreneur

Small business owners are worried about survival in 2024 due to a tough job market, inflation, and pandemic effects.

Despite concerns, a majority of small business owners remain optimistic about their businesses and prioritize improving impact and revenue generation. [ more ]

Createsend

3 months ago

World news

Logistics Report: Warehousing Demand is Shrinking; China's Shipyards are Building Power

Consumer inflation in the U.S. is at its lowest annual rate since June.

OPEC maintains expectations for global oil-demand growth and raises economic outlook. [ more ]

www.nytimes.com

3 months ago

US politics

Biden Has Openings for a Comeback on Two Weak Points

Consumer confidence has surged over the last three months, bringing a positive economic outlook.

Improving economic conditions and a potential border tactic give President Biden a political opening for a potential comeback. [ more ]

BBC News

3 months ago

UK politics

Laura Kuenssberg: When will politicians make their minds up on key plans?

Conservatives considering tax cuts have changed their tune and are now hesitant due to tight finances.

Labour is reconsidering their pledge to invest in green projects after dismissing it as nonsense. [ more ]

WSJ

Right-wing politics

Global Trade Flows Fell in October, According to WSJ Indicator

Global trade flows fell in October after two months of increase.

Value of goods moving across international borders likely fell in 2023. [ more ]

www.npr.org

5 months ago

The Fed leaves interest rates unchanged as cooling inflation provides comfort

The Federal Reserve kept interest rates unchanged after inflation eased in recent months.

Fed policymakers signaled that rate cuts are possible next year if progress on curbing price hikes continues. [ more ]

ABC7 San Francisco

5 months ago