UK recession is over... already!

The U.K. economy has recovered from its ‘technical’ recession, with the gross domestic product (GDP) increasing by 0.6% in the first quarter, surpassing expectations. Official figures released on Friday revealed this growth, which exceeded the 0.4% predicted by economists surveyed by Reuters for the previous quarter. In the latter halfRead More →

U.S. GDP

The gross domestic product (GDP) from January to March 2024, grew at an annualised rate of 1.6%, significantly underperforming the projected 2.4%. The personal consumption expenditures (PCE) price index, crucial for the Federal Reserve’s inflation assessments, climbed at an annualised rate of 3.4% for the quarter, marking the largest increaseRead More →

U.S. GDP revision

U.S. GDP figure better that forecast The U.S. economy grew even stronger than previously calculated in the third quarter, the result of better than expected business investment and stronger government spending, the Bureau of Economic Analysis reported  Wednesday 29th November 2023. Gross domestic product (GDP), a measure of all goodsRead More →

U.S. GDP

According to the latest data from the U.S. Bureau of Economic Analysis, the U.S. GDP grew at a 4.9% annual pace in Q3 of 2023, better than expected.  This was the fastest quarterly advance in nearly two years, driven by robust consumer spending, increased inventories, exports, residential investment and government spending.Read More →

GDP

U.K. Gross Domestic Product (GDP) grew by 0.2% in August, the Office for National Statistics (ONS) reported Thursday 12th October 2023, slightly recovering from a downwardly revised 0.6% contraction in July 2023. Services output was the main contributor to growth in August 2023, adding 0.4% on the month to offsetRead More →

Japan GDP up 6%

Japan’s economy beats expectations with 6% annualised growth in Q2 Japan’s economy posted its third straight quarterly expansion, latest government data showed 15th August 2023, as robust export growth contributed to an annualised 6% expansion in the second quarter, easily beating market expectations. Economists had reportedly expected the world’s third-largest economy toRead More →

Debt burden

The federal debt reportedly reached $34.5 trillion, marking an increase of approximately $11 trillion since March 2020. This surge has sparked discussions among government and financial leaders, with a notable Wall Street firm questioning whether the associated costs could threaten the stock market’s upward trend. The Congressional Budget Office projectsRead More →

U.S. & China trade tensions

Tensions between Washington and Beijing have intensified, with the U.S. ramping up trade restrictions and sanctions on China due to national security concerns. Since Ukraine’s invasion, there has been a roughly 12% drop in trade between the blocs, and foreign direct investments have decreased by 20% compared to those withinRead More →

Slow growth in UK

Forecasts indicate that the UK economy will experience sluggish growth among the largest developed nations in 2025. The Organisation for Economic Co-operation and Development (OECD) has projected a 1% increase in the UK’s gross domestic product (GDP) for 2025, which lags behind the growth rates of other G7 nations, includingRead More →

Euro Zone Inflation

Inflation rates in the euro area remained constant at 2.4% in April 2024, and the economy experienced growth in the first quarter, as indicated by preliminary figures released on Tuesday. Headline inflation at 2.4% aligned with economists’ forecasts, while monthly inflation registered at 0.6%. Core inflation, which excludes energy, food,Read More →

Global debt burden

Borge Brende, the president of the World Economic Forum (WEF), recently issued a stark warning about global debt levels. Speaking at the ‘Special Meeting on Global Collaboration, Growth and Energy for Development‘ in Riyadh, Saudi Arabia, (see WEF website), he highlighted that global debt ratios are approaching levels not seen since the 1820s. TheRead More →

Electric vehicle

Tesla’s profits have significantly decreased so far in 2024, prompting the company to accelerate the introduction of new models. The company is also reducing its workforce by thousands in an effort to improve its financial outlook. The electric vehicle manufacturer reported earnings of $1.13 billion for the first quarter, aRead More →

On a quarter-by-quarter basis, China’s GDP grew 1.6% in the first quarter, compared to analysts’ expectations of around expectations of 1.4%. Beijing’s growth target for 2024 is around 5%. China’s growth was driven in part by external demand, as export volume grew by 14% year on year. Industrial output forRead More →

Japan GDP

According to the revised official data, the Japan’s gross domestic product (GDP) grew by 0.4% in the fourth quarter of 2023 compared to the same period in the previous year. According to this revision, the economy avoided a technical recession, which is usually defined as two successive quarters of negativeRead More →

U.S. debt pile

The U.S. national debt has been growing more quickly in recent months, increasing about $1 trillion nearly every 100 days. U.S. debt permanently crossed over $34 trillion on 4th January 2024 according to data from the U.S. Department of the Treasury. It reached $33 trillion on 15th September 2023, and $32 trillionRead More →

Magnificent Seven market cap at $15 trillion

The Magnificent Seven, or MAMA ANT, is a term coined by Bank of America to describe the seven most dominant tech companies in the world The Seven are: Microsoft, Amazon, Meta Platforms, Apple, Nvidia, Tesla, and Alphabet. These companies have not only led the tech sector in terms of innovation,Read More →

Japan recession

Japan’s economy slipped into a technical recession, after the economy unexpectedly contracted again in the October-December 2023period, government data showed Thursday 15th February 2024. High inflation affected domestic demand and private consumption in what’s now the world’s fourth-largest economy. Provisional gross domestic product contracted 0.4% in the fourth quarter compared with aRead More →

World debt

The world is looking at a debt crisis that will span the rest of this decade and well into the next $307.4 trillion of world debt! It’s not going to end well; economists warn with global borrowings hitting a record of $307.4 trillion in September 2023. Debt at this level is unsustainable.Read More →

U.S. Inflation down

Progress on U.S. inflation Core prices for personal consumption expenditures (PCE), a preferred measure by the Federal Reserve as a longer-term inflation calculation, rose 2% for the period, while the rate was 1.7%. On an annual basis, the PCE price index rose 2.7%, down from 5.9% a year ago, whileRead More →

UK recession risk!

The UK is at risk of recession after revised figures indicate the economy shrank between July and September 2023. A recession is defined as when the economy shrinks for two three-month periods in a row. Gross Domestic Product (GDP), which measures the health of the economy, contracted by 0.1% afterRead More →