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U.S. Economic Growth Revised Up but Profit Margins Fall in Inflation Battle

The initial estimate of first-quarter U.S. GDP growth was revised higher on Thursday with the upgrade attributed to a range of factors, although corporate profitability was reported to have fallen in what may have been the result of high inflation as well as efforts to contain it.

June 19,2023

UK Retailers Shed Jobs at Fastest Rate Since 2009, But Price Rises to Remain Elevated

UK retailers are shedding jobs at the fastest rate since the recession of 2009 in a sign slack is starting to build in labour force, however the Bank of England won't welcome findings price rises are expected to continue at an elevated price into May.

May 25,2023

Bank of England to Hike in June, August and September Suggest Money Markets in Wake of Surprising Inflation Data

The Bank of England is expected to hike interest rates on a further three occasions according to market-based expectations following the release of inflation data that was stronger than analysts were expecting.

May 24,2023

UK Manufacturing Gloom Deepens: CBI Survey

Sentiment among manufacturers deteriorated and output volumes fell moderately in the three months to May, according to the CBI's latest Industrial Trends Survey.

May 24,2023

Eurozone's Bumpy Expansion Continued in May But ECB Won't Like Signs of Strong Services Inflation: PMI Report

The Eurozone's economy continued to expand in May although a sharp deterioration in manufacturing activity and still-elevated price pressures are of concern, say economists.

May 23,2023

UK Government Borrowing Surges in April, But Too Soon for Treasury to Panic Says One Economist

UK Public Sector Net Borrowing experienced an unexpected rise in April, reaching £24.74 billion, up from £20.02 billion in March.

May 23,2023

UK Economic Revival to be Driven by Rebounding Consumer Confidence says Berenberg

Holger Schmieding, Chief Economist at Berenberg Bank, believes that UK consumers can anticipate a more favourable year ahead as inflation subsides and real wage growth turns positive.

May 19,2023

More Articles …

  1. UK Private Rental Market Witnesses 4.7% Increase in Prices Over the Past Year, Reports Rentola
  2. U.S. Debt Ceiling Offers the Perfect Chance to Enact Fiscal Restraint says Leading Economist
  3. Bailey Paves the Way for Bank of England to Pause the Interest Rate Hiking Cycle
  4. China's Economy Losing Momentum: Economists
  5. Why the BoE's New Forecasts Could be the Peak of Optimism On UK Economy 
  6. Soggy Economy: UK GDP Falls in March Amidst Wet Weather and Strikes, But Q1 Growth Confirmed
  7. ECB Has Entered Policy Mistake Territory says Fidelity
  8. Bank of England Bank Rate Forecast Raised to 5% at Goldman Sachs 

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