According to the report, the world economy is projected to grow by 2.3% in 2023 (+0.4 percentage points from the January forecast) and 2.5% in 2024. According to the report, China's economic growth rate this year has been revised up to 5.3...
TheU.S. economygrew at a slower pace than expected at the beginning of 2024 as consumers pulled back on spending in the face of higher inflation. Gross domestic product, the broadest measure of goods and services produced across the economy, grew by 1.6% on an annualized basis in the three...
So, while they may dominate the US economy, they are also likely to lose export sales, leading to limited net gain for American manufacturing. Many of the potential benefits of tariffs would take much longer than four years to be realized, and so do not occur within our forecast horizon. ...
CPI United States March 2025 InterannualAccum. since JanuaryMonthly variation CPI (overall index) [+]2.4%1.3%0.2% Food and non-alcoholic beverages [+]2.9%0.4% Clothing and footwear [+]0.3%1.0% Housing, water, electricity, gas and other fuels [+]3.7%0.3% ...
(The IMF forecasts 6.8% growth for India this year, compared to just 1.6% for the United States.) By 2030, India is forecast to be the third-largest economy in the world, behind the U.S. and China. It’s already the third-largest oil consumer in the world. And it needs even more...
Theresa May’s new Brexit team of trade ministers should ignore the former Commonwealth and concentrate on the US and China, according to a new report from a former Bank of England economist.
After the release of Q1 data, we have already upgraded China’s 2024 GDP growth forecast from 4.6% to 4.9%. UBS thinks the biggest downside risk to growth will likely be from the ongoing property downturn, which can have persistent negative impact not only on construction, but also on local...
China remains one of Europe's top trading partners, with China being the EU's third-largest export destination and the EU holding the largest trade deficit with the country. A strengthening Chinese economy could boost demand for European imports, potentially lifting EURUSD. However, current economi...
This study examines how economic–security linkages and chip-related factors jointly affect the US–China Chip War and the evolving dynamics in Asia at the regional level. The economy–security nexus responds sensitively to the geopolitical structure and degree of economic dependence. Changes in the...
The US presidential election 2024The economic implications In a race focused on the economy and social issues, Harris vs Trump presents the electorate with stark choices - at least when it comes to the rhetoric. The implications for GDP growth and the fiscal deficit in the US are not as...