#economic-outlook
#economic-outlook

Business

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 ]

London Business News | Londonlovesbusiness.com

Business

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 ]

www.independent.co.uk

Business

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 ]

moreinterest-rates

Independent

2 days ago

Growth hacking

Number of people at work is expected to top 2.8 million by 2026

Population growth and women's participation increase job figures. [ more ]

www.nytimes.com

1 week ago

US Elections

Sometimes U.S. and U.K. Politics Seem in Lock Step. Not This Year.

Political dynamics in the UK general election may not necessarily predict the outcome of the upcoming US presidential election. [ more ]

#consumer-spending

London Business News | Londonlovesbusiness.com

1 week ago

Business

FTSE retailers issued seven profit warnings in Q1 2024

Strain on disposable income led to increased profit warnings in FTSE Retailers sector and broader Consumer Discretionary group.

EY-Parthenon's Profit Warnings report highlights significant challenges faced by UK-listed companies in the retail sector. [ more ]

www.cbc.ca

Canada news

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 ]

moreconsumer-spending

Los Angeles Times

Business

As job growth in California falls back, unemployment rate remains highest in the country

California's job growth remains slow, with high unemployment rates. Healthcare sector shows significant job gains, while other industries like information and manufacturing suffer losses. [ more ]

London Business News | Londonlovesbusiness.com

Business

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 ]

#bank-of-england

London Business News | Londonlovesbusiness.com

Business

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 ]

www.theguardian.com

Business

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 ]

morebank-of-england

London Business News | Londonlovesbusiness.com

Business

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 ]

#consumer-sentiment

London Business News | Londonlovesbusiness.com

Business

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 ]

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

#uk-economy

www.independent.co.uk

UK news

Next government will be forced to raise taxes for public services, experts warn

The winner of the next general election in the UK will likely need to raise taxes to maintain public services due to limited fiscal headroom for tax cuts. [ more ]

London Business News | Londonlovesbusiness.com

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

2 months ago

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 ]

moreuk-economy

London Business News | Londonlovesbusiness.com

Business

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

Business

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 ]

London Business News | Londonlovesbusiness.com

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

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 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 ]

Entrepreneur

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

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

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

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 ]

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 ]

www.nytimes.com

Business

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.independent.co.uk

Canada news

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 ]

WSJ