Eurozone economy has slowed sharply, business survey shows
The eurozone economy has slowed sharply, according to a closely watched business survey that indicated that recent growth in the dominant services sector is stalling and price pressures are cooling. The benchmark purchasing managers’ index, a measure of activity in manufacturing and services, fell to a five-month low of 50.3 on Friday’s data, down from […]
China’s economy is on course for a “double dip”
China prides itself on firm, “unswerving” leadership and stable economic growth. That should make its fortunes easy to predict. But in recent months, the world’s second-biggest economy has been full of surprises, wrong-footing seasoned China-watchers and savvy investors alike. In the first three months of this year, for example, China’s economy grew more quickly than […]
Why China’s government might struggle to revive its economy
China’s post-covid recovery was supposed to be world-shaking. Instead, it looks merely shaky. After the initial release of pent-up demand, economic data for April fell short of expectations. In response China’s stocks faltered, yields on government bonds fell and the currency declined. The country’s trade-weighted exchange rate is now as weak as it was in […]
How the A.I. explosion could save the market and maybe the economy
A Nvidia logo is seen on the company’s building at an industry park in Tianjin, China, February 7, 2019. VCG | Visual China Group | Getty Images A blockbuster profit report Wednesday from Nvidia crystallized an important point for both markets and the economy: For better or worse, artificial intelligence is the future. Whether it’s […]
UK economy grows by 0.1% in the first quarter but inflation continues to weigh
A member of the public walks through heavy rain near the Bank of England in May 2023. Dan Kitwood | Getty Images News | Getty Images LONDON — The U.K. economy grew by 0.1% in the first quarter, following an unexpected contraction in March, official figures showed on Friday. Economists polled by Reuters had forecast […]
The First Republic deal has come at a crucial point for the markets and economy
Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City. Michael M. Santiago | Getty Images JPMorgan Chase’s takeover of First Republic likely ends the panic phase of the banking crisis, with the fallout left to come in a pivotal week for markets and the economy. […]
Euro zone economy ekes out 0.1% growth in first quarter
Skyscrapers of the city center can be seen from the Lohrberg in the north of Frankfurt. Photo: Arne Dedert/dpa (Photo by Arne Dedert/picture alliance via Getty Images) Picture Alliance | Picture Alliance | Getty Images The euro zone economy grew by a marginal 0.1% in the first quarter of the year, preliminary figures showed Friday, […]
The banking crisis is having a slow-burn impact on the economy
People walk by the New York Stock Exchange (NYSE) on February 14, 2023 in New York City. Spencer Platt | Getty Images A banking crisis that erupted less than two months ago now appears to be less a major broadside to the U.S. economy than a slow bleed that will seep its way through and […]
How to explain the puzzle of the world economy
What is mona lisa doing? At first glance the subject of the world’s most famous painting seems to be smiling. Look again and her smile fades. When it next reappears, it is a different sort of smile. Leonardo Da Vinci achieved this ambiguous effect with the use of sfumato, where he blurred the lines around […]
UK economy stagnates in February as strikes and inflation bite
LONDON — The U.K. economy flatlined in February as widespread industrial action and persistently high inflation stymied activity. Data on Thursday showed a steady GDP in February, missing consensus expectations of 0.1% growth. Both the services and production sectors contracted, partly offset by a record 2.4% expansion in construction. This followed an upwardly revised 0.4% […]
