Turkey ends hiking cycle after 8 months, holding key rate at 45%
Turkey’s central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive…
Germany slashes 2024 growth forecast to just 0.2% as economy in ‘tricky waters,’ minister says
Germany’s gross domestic product is now expected to grow by just 0.2% this year, as the country wades in “tricky…
Bank of England rate cuts likely later but larger, Goldman Sachs says
The Bank of England is likely to hold interest rates higher for longer before slashing them more sharply than expected…
Israel’s GDP contracts nearly 20% in fourth quarter amid Gaza war
Israel’s gross domestic product shrank nearly 20% in the fourth quarter of 2023, according to official figures. The contraction was…
January wholesale prices rise more than expected, another sign of persistent inflation
Wholesale prices rose more than expected in January, further complicating the inflation picture, according to a U.S. Department of Labor…
British retail rebound provides some hope for recession-hit economy
LONDON — Stronger-than-expected January retail sales provided a glimmer of light for the struggling British economy on Friday — and…
Retail sales tumbled 0.8% in January, much more than expected
Consumer spending fell sharply in January, presenting a potential early danger sign for the economy, the Commerce Department reported Thursday.…
Brexit Britain has ‘significantly underperformed’ other advanced economies, Goldman Sachs says
LONDON — Post-Brexit Britain has “significantly underperformed” other advanced economies since the 2016 EU referendum, according to new analysis from…
Prices rose more than expected in January as inflation won’t go away
Inflation rose more than expected in January as stubbornly high shelter prices weighed on consumers, the Labor Department reported Tuesday.…
China’s biggest problem is a ‘lack of confidence,’ Standard Chartered CEO says
DUBAI, United Arab Emirates — China is facing a confidence deficit as its economy undergoes massive transition and concern grows…
