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Discover Latest #GDP News, Articles and Videos with Contenting
GDP News The World Bank cuts global GDP outlook for 2020 The World Bank has cut its global GDP growth forecast for 2020 due to the ongoing coronavirus pandemic. The World Bank now expects the global economy to contract by 5.2 percent this year, a downgrade from its April forecast of a 3 percent contraction. The World Bank said that the pandemic had caused “an unprecedented shock” to the global economy and “far-reaching economic, social, and political consequences.” The bank warned that the global economy could face a significant risk of a “protracted recession” if the pandemic is not contained. It also warned that the economic impact of the pandemic could have long-lasting effects on the wellbeing of individuals and societies. The World Bank also warned that the global economic recovery could be “sluggish” and “uneven” as countries struggle to contain the virus and address the economic fallout. It emphasized the importance of continued fiscal and monetary policy support to help countries and businesses weather the crisis. The World Bank also highlighted the need for an effective international response to the crisis, including an “ambitious” and “coordinated” global effort to
Trading the FOMC Meeting: Key Levels & Analysis for EURUSD and USDJPY - Action Forex
This week, financial markets are keenly focused on the upcoming FOMC Federal Funds Rate decision, the FOMC statement, and the subsequent FOMC press conference. Significant uncertainty surrounds US interest rate projections due to the ongoing divergence between market expectations and the Federal Reserve's outlook for the remaining part of 2025 and early 2026. A key point of division within markets is how tariffs will influence the overall US economy. Recent data revealed a slowdown in US GDP for the first quarter of 2025, largely attributed to a surge in imports driven by tariff front running. Conversely, the US job market has shown strength, and inflation, measured by the Core PCE, the FED’s preferred inflation gauge, has been slightly lower.
FTSE 100 higher as Bank of England cuts rates - UK Investor Magazine
The FTSE 100 rose on Thursday after the Bank of England cut interest rates and warned of the impact of trade tariffs on UK GDP growth. The Bank of England has cut interest rates to 4.25% as it seeks to mitigate the negative economic consequences of Donald Trump’s tariffs. “Despite the UK economy growing more […]
PHL economic growth slows in Q1 - BusinessWorld Online
THE PHILIPPINE ECONOMY grew by a weaker-than-expected 5.4% in the first quarter, reflecting heightened uncertainty arising from the Trump administration’s tariffs. Data from the Philippine Statistics Authority showed that gross domestic product (GDP) expanded by 5.4% in the January-to-March period, sharply slowing from the 5.9% expansion in the same quarter last year. This was also […]
Globalization did not hollow out the U.S. middle class - Marginal REVOLUTION
From Noah Smith: Trade deficits are an even smaller amount of GDP. U.S. imports of manufactured goods minus exports are equal to about 4% of GDP per year. Our trade deficit with China is about 1% of GDP. In terms of imported components, America manufactures most of what it uses in production. China’s exports to […]
Thursday assorted links - Marginal REVOLUTION
1. Reasons to write for the LLMs. 2. Astral Codex on Moldbug. 3. How the US built 5000 ships during WWII. 4. Using machine learning to understand chimpanzee social negotiation. 5. Okie dokie, and some more okie dokie. 6. “Government spending as a share of GDP in Argentina fell from 22.3 to 15.6% in Javier […]
The US Federal Reserve has done the right thing on interest-rates | Notayesmanseconomics's Blog
Last night the US Federal Reserve gave its latest policy statement on US interest-rates. That is significant in itself but it has an additional importance in that due at least partly to the changes in economic policy started by President Trump we are more than usually aware of the flaws in using GDP as an…
French Service Sector PMI Slips, Signaling Continued Economic Challenge - ForexTV
In a turn that underscores the ongoing hurdles faced by France's service sector, the latest HCOB France Services Purchasing Managers' Index (PMI) saw a dip to 47.3 in April, down from 47.9 in the same period. This data reflects the continuous contraction within the sector as recorded last month, with both figures remaining below the 50-mark that typically separates growth from contraction.The update, released on May 6, 2025, suggests that France's service industry is still grappling with challenges that might include dampened consumer demand or operational inefficiencies, echoing similar signals from earlier in April. This consistent decline highlights ongoing challenges in France's economic landscape, which could have broader implications for employment and GDP growth if the trend persists. As policymakers and industry leaders scrutinize these figures closely, strategies to stimulate growth and stabilize the sector are likely to be at the forefront of discussions in the coming months.The immediate response from markets and stakeholders may involve careful analysis of underlying factors and potential policy adjustments to address the persistent economic weakness indicated by the April PMI results. France, being a key player in the European economy, will be under the microscope as it navigates these challenging economic headwinds.The material has been provided by InstaForex Company - www.instaforex.com