Economy

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…