The UK is “not out of the woods” despite avoiding a recession by a tiny margin last year, Chancellor of the Exchequer Jeremy Hunt has warned. The country’s GDP was flat in the last three months of 2022, according to new data released by the Office for National Statistics (ONS) on Feb. 10. The ONS…
UK Economy ‘Not out of the Woods’ Despite Avoiding Recession: Chancellor
Does Economic Performance Really Differ Between the US, UK and Eurozone?
Commentary There has been a rooted impression that the economic performance in Europe is always worse than that in the U.S. This is not true. The measuring period for GDP released by the U.S. is quarter-over-quarter (QoQ), while those in other places are usually year-over-year (YoY). If both are reported in YoY for comparison, the…
Headline Jobs Is a Blowout, but Fed Likely to Resume Hikes Longer or Higher
Commentary The January jobs report Establishment Survey showed that the economy added 517,000 new jobs, wildly beyond the consensus estimate of 185,000 jobs. Net revisions for November and Decembber resulted in an additional 71,000 more jobs for the last three months. (It is generally believed that 200,000–250,000 jobs are required to accommodate population growth.) The…
Eurozone Economy Unexpectedly Grows in 4th Quarter but Weak 2023 Looms
FRANKFURT—The eurozone eked out growth in the final three months of 2022, managing to avoid a recession even as sky-high energy costs, waning confidence, and rising interest rates took a toll on the economy that is likely to persist into this year. Gross domestic product across the currency bloc expanded by a tiny 0.1 percent…
There’s a Warning Sign for US Economy Buried Deep in Otherwise Upbeat GDP Numbers
January 27, 2023
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The latest GDP report showed the U.S. economy grew by a faster-than-expected pace in the fourth quarter of 2022, but that likely overstates America’s economic health as a measure of domestic demand slowed to a crawl, while one key data point buried deep in the report was the worst since the Great Depression. The U.S. economy expanded…
Warning Sign for the US Economy Buried Deep in Otherwise Upbeat GDP Numbers
January 27, 2023
admin
Business & Marketseconomic policieseconomyExecutive BranchGDPGreat DepressionPoliticspresident joe bidenUSUS News
0 Comment
The latest GDP report showed the U.S. economy grew by a faster-than-expected pace in the fourth quarter of 2022, but that likely overstates America’s economic health as a measure of domestic demand slowed to a crawl, while one key data point buried deep in the report was the worst since the Great Depression. The U.S. economy expanded…
LIVE NOW: NTD Business (Jan. 26): Snapchat Under Fire Over Teen Fentanyl Deaths; Americans Rely More on Credit for Emergencies
The U.S. economy posts strong growth in the fourth quarter, but signs point to a weak handover to 2023. Domestic demand rose at its slowest pace in 2-1/2 years. California voters are getting a chance to overturn a fast-food law. Opponents argue the law will drive up food prices. Snapchat is under fire. It’s a popular…
NTD Business (Jan. 26): Snapchat Under Fire Over Teen Fentanyl Deaths; Americans Rely More on Credit for Emergencies
Snapchat is under fire. It’s a popular place for drug dealers to sell to children, who sometimes overdose and die. Lawmakers are discussing how to solve the problem. The U.S. economy posts strong growth in the fourth quarter, but signs point to a weak handover to 2023. Domestic demand rose at its slowest pace in 2.5 years….
US Economy Cools as Fourth-Quarter GDP Growth Rate Slows to 2.9 Percent
The U.S. economy expanded 2.9 percent in the fourth quarter, down from 3.2 percent in the third quarter, according to the Bureau of Economic Analysis (BEA). The GDP growth rate in the October-to-December period topped economists’ expectations of 2.6 percent, but did come in below the Federal Reserve Bank of Atlanta’s GDPNow model estimate of…
US Economy Cools as 4th-Quarter GDP Growth Rate Slows to 2.9 Percent
The U.S. economy expanded 2.9 percent in the fourth quarter, down from 3.2 percent in the third quarter, according to the Bureau of Economic Analysis (BEA). The GDP growth rate in the October-to-December 2022 period topped economists’ expectations of 2.6 percent but did come in below the Federal Reserve Bank of Atlanta’s GDPNow model estimate…
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