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[l] at 1/12/25 3:00pm
The worldwide Purchasing Managers Index (PMI) surveys compiled by SP Global Market Intelligence indicated that the contraction of global trade deepened at the end of 2024. This was attributable mainly to softening goods trade, though the exchange of services also came close to stalling in the closing month of the year. The seasonally adjusted Global ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 1/12/25 3:00pm
Washington Post report hints of a more targeted approach to tariffs Within a little over three hours, President-elect Donald Trump has rebuffed a Washington Post report on tariffs. The Washington Post article had suggested that the incoming Trump administration is looking at a more selective approach to US import tariffs than first feared. The article ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 1/12/25 3:00pm
Federal Reserve policymakers got fresh reasons to hold short-term borrowing costs steady after government data signaled renewed strength in the U.S. job market, with traders now betting the U.S. central bank will wait until June to cut interest rates again and end its rate-cutting cycle there. Nonfarm payrolls increased by 256,000 jobs last month, well ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 1/12/25 3:00pm
A report from the U.S. Labor Department said the economy added 256,000 jobs last month, which was above the highest estimate in a Reuters poll of economists and the most since March. Meanwhile, the unemployment rate fell to 4.1% from 4.2%. When you have a strong economy and a tight labor market, theres a good ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 1/12/25 3:00pm
The Federal Reserve is likely to cut interest rates three times in 2025 as inflationary pressures subside and the US employment picture remains balanced, according to analysts at Wolfe Research. A raft of economic figures earlier this week pointed to an unexpected increase in job openings and sticky inflation. The readings, which came ahead of ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 1/12/25 3:00pm
Fitch Ratings expects the US to raise tariffs on imports from China, with a baseline assumption that the effective tariff rate will rise to 35% from mid-2025, from 10%. Weaker exports will be a drag on growth even as domestic demand growth stays weak and deflationary pressures linger, amid ongoing property-sector challenges, poor household confidence ...

[Category: World Economy News]

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[l] at 1/12/25 3:00pm
As the UK looks ahead to more growth in 2025, the year could bring renewed challenges from a higher pace of inflation, increased trade frictions, and a heightened state of economic uncertainty. The ultimate impact will depend on policy responses and the interplay of these trends on a global scale according to the latest KPMG ...

[Category: World Economy News]

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[l] at 1/12/25 3:00pm
Investors sailed into the weekend with a blockbuster jobs report to think about; on the one hand, the economys in dandy shape. But the prospect of an indefinite Fed pause is prompting a rather steep selloff. The U.S. economy added 256,000 jobs in December (USNFAR=ECI), marking an unexpected 20.8% increase from the November number, and ...

[Category: World Economy News]

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[l] at 1/12/25 3:00pm
The structural growth outlook for India’s economy remains very much intact in our view, with various signs indicating that the slowdown in 2024 will be transitory. We expect the growth momentum to improve entering 2025, as government spending picks up again and consumer sentiment stays resilient. This should enable better earnings growth, amid an improving ...

[Category: World Economy News]

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[l] at 1/12/25 11:00am
Top Wall-Street brokerages revised their Fed rate cut forecasts, after a blow-out U.S. jobs report on Friday, with BofA Global Research forecasting a potential rate hike from the central bank. We think the cutting cycle is over Our base case has the Fed on an extended hold. But we think the risks for the ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 1/12/25 11:00am
Global economic growth is projected to remain at 2.8% in 2025, unchanged from 2024, held back by the top two economies, the U.S. and China, according to a United Nations report. The World Economic Situation and Prospects report said that positive but somewhat slower growth forecasts for China and the United States will be complemented ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 1/12/25 11:00am
President-elect Donald Trump’s legislative agenda faces roadblocks before he even takes office. Despite his Republican Party controlling all branches of the federal government, resolving a once-in-a-decade fight over the tax code as well as immigration and energy policy overhauls is troubled by arcane budget rules, congressional dysfunction and jittery government debt markets. That risk became ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 1/12/25 11:00am
U.S. consumers expect inflation to increase over the next 12 months and beyond, likely reflecting concerns that broad tariffs on imports pledged by President-elect Donald Trumps incoming administration could raise prices for households. The University of Michigans survey showed consumers one-year inflation expectations jumped to 3.3% in January, the highest level since May, from 2.8% ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 1/12/25 11:00am
At a glance • The ‘empowerment line’ measures progress toward a world where everyone’s essential needs are met. About 40 percent of the global population lives above the empowerment line—they can afford a standard basket of essential goods and services and begin to save. The rest live below the line, mostly in lower- and middle-income ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 1/12/25 11:00am
The Chinese government has expanded a list of products that people can trade in to get a discount of as much as 20% on new goods as the country tries to boost its flagging economy. The list now includes items like microwave ovens, dishwashers, rice cookers and water purifiers. State-backed trade-in schemes already covered televisions, ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 1/12/25 11:00am
US jobs confirm a January Fed hold The US jobs report shows payrolls rose 256k in December versus the 165k consensus figure. Revisions to the past two months were -8k. The unemployment rate has fallen to 4.1% from 4.2% – the consensus was for it to hold at 4.2% with the risk skewed towards a ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 1/10/25 3:00pm
The World Economic Situation and Prospects (WESP) 2025 report shows that despite withstanding a series of mutually reinforcing shocks, global economic growth has stagnated and remains below the pre-pandemic annual average of 3.2 per cent. The report produced by the UN Department of Economic and Social Affairs (DESA), highlights the enduring impact of weak investment, ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 1/10/25 3:00pm
Japans government will closely coordinate policy with the central bank as the economy is at a critical stage in shifting to growth driven by higher wages and investment, economy minister Ryosei Akazawa said on Friday. Japan has long been stuck in a deflationary, vicious cycle where prices and wages have stagnated, causing households to curb ...

[Category: World Economy News]

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[l] at 1/10/25 3:00pm
Consumer price inflation in India likely fell to 5.3% in December on moderating food price rises, a Reuters poll of economists showed, bolstering expectations for an interest rate cut by the central bank next month amid slowing economic growth. Food prices, which make up nearly half of the countrys consumer price index (CPI) basket, have ...

[Category: World Economy News]

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[l] at 1/10/25 3:00pm
Britains big retailers, including Tesco, Sainsburys, MS and Next, say they are stepping up their drive for efficiency through automation and other measures, to limit the impact of rising costs on the prices they charge their customers. As the UK economy struggles to grow, the new Labour governments solution is a hike in employer taxes ...

[Category: World Economy News]

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[l] at 1/10/25 3:00pm
Today, the Council of Economic Advisers under the leadership of Chair Jared Bernstein released the 2025 Economic Report of the President, the 79th report since the establishment of CEA in 1946. The 2025 Report assesses the economic progress made during the Biden-Harris Administration and highlights some of the most significant issues and questions in domestic and international economic ...

[Category: World Economy News]

As of 1/12/25 7:52pm. Last new 1/12/25 5:37pm.

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