New Zealand Shocks With Big Rate Rise as Some Central Banks Pause
The Reserve Bank of New Zealand said its half-percentage-point increase was necessary to curb stubbornly high inflation. Source link
economic growth
China’s services activity jumps to decade high as economic recovery gets back on track | CNN Business
Hong Kong CNN — A key index measuring the strength of China’s massive services sector jumped to its highest level...
Low Jobless Claims Show Labor Market Shrugs Off Economy’s Clouds
Worker filings for unemployment benefits rose to a seasonally adjusted 198,000 last week but were still historically low, showing that...
U.S. Bank Failures Pose Risk to Global Growth
Turmoil in the U.S. banking sector increases the risks of a global recession. Source link
U.K. Economy Swings Back to Growth, Boosted by Premier League’s Return
EconomyEurope EconomyFalling energy prices will give a longer boost to growth, but strikes are a drag Source link
China to increase defense spending 7.2%, sets economic growth target of ‘around 5%’ for 2023 | CNN Business
Hong Kong CNN — China has set an official economic growth target of “around 5%” for 2023, as it seeks...
The World Economy Is Doing Well—This Is Bad News for Central Bankers
EconomySurprising signs of economic vitality from the U.S. to China and Europe are complicating the fight to bring down high...
Economy Week Ahead: U.S. Trade in Focus
EconomyEconomy Week AheadFed Chairman Jerome Powell to speak at an event in Washington Source link
The US economy grew by 2.9% in the fourth quarter, more than expected | CNN Business
Minneapolis CNN — The US economy expanded again during the fourth quarter, registering solid growth to end 2022 even as...
GDP Report Shows Economic Growth Cooled Slightly in Fourth Quarter
U.S. economic growth cooled slightly to a 2.9% annual rate in the fourth quarter, capping a year of high inflation...
Economy Week Ahead: U.S. GDP, Household Spending in Focus
EconomyEconomy Week AheadBusiness-activity surveys from around the world, as well as Canada’s monetary-policy decision, are on tap Source link
China’s Reopening Complicates Global Fight Against Inflation
A stronger Chinese economy would boost demand for commodities but could also ease supply-chain bottlenecks—resulting in mixed signals for central...
China’s Economic Growth Fell to Near-Historic Lows as Covid Took a Bite
SINGAPORE—China’s economy grew at one of its slowest rates in decades last year as repeated lockdowns hammered households and businesses,...
IMF Warns Unraveling Economic Ties Could Shrink Global Output
The lender warned of declines due to rising trade, migration and investment barriers. Source link
Europe’s Mild Winter Cushions Economic Blow of Ukraine War
Russia’s economic war with the West looks set to claim a much smaller toll on Europe than the brutal recession...
China’s local governments set 2023 growth targets, offering clues on economic recovery | CNN Business
Hong Kong CNN — A number of key provinces and cities in China have announced their growth targets for this...
Fed’s Barkin and George Say Inflation Fight Isn’t Over Despite Promising Signs
Inflation readings have been encouraging recently, but the Fed’s fight against rising prices isn’t over, the leaders of the Richmond...
Fed Official Sees Progress on Inflation, Says More Rate Rises Needed
The Federal Reserve’s short-term benchmark rate isn’t yet at a level high enough to sufficiently slow the U.S. economy to...
From the unwinding of zero-Covid to economic recovery: What to watch in China in 2023 | CNN
Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you...
China bets on private sector to boost Covid-hit economy | CNN Business
Hong Kong CNN — Beijing has vowed to go all out next year to save its Covid-hit economy by boosting...
