GDP

In a bid to revamp its economic model, China has announced an ambitious growth target for 2024. This announcement was made by Chinese Premier Li Qiang during the annual meeting of the National People’s Congress, the country’s parliament. What Happened: Li’s target for 2024 is a...

Sharmin Mossavar-Rahmani, the Chief Investment Officer (CIO) of Goldman Sachs Group wealth management, has cautioned against investing in China, citing unclear policy and economic data. What Happened: Mossavar-Rahmani, in an interview with Bloomberg Television, advised clients against investing in...

The stock market is set to continue its upward trajectory, according to UBS. The financial services giant has outlined four key factors that are expected to sustain the rally. What Happened: Despite potential risks, UBS remains optimistic about the market’s future, as per a blog post by Jason...

Revised estimates released by the Bureau of Economic Analysis show that the U.S. economy grew at a robust pace in the fourth quarter. However, economist Peter Schiff remains skeptical about the quality of this growth. What Happened: According to Schiff, citing...

The U.S. economy’s growth experienced a slight downward adjustment for the fourth quarter of 2023, still showcasing a healthy growth rate but at a marginally slower pace than initially estimated, according to the second estimate released Wednesday. Mortgage rates remain relatively stable,...

As speculation grows over the potential return of Donald Trump as president, investors are contemplating the possible consequences for the stock market. What Happened: A research note by Capital Economics suggests that a second Trump term could significantly impact inflation, interest rates, and...

The ambitious development projects in Saudi Arabia are straining the country’s finances, leading to unprecedented borrowing and potential stock sales in its crown jewel, Saudi Aramco. What Happened: Saudi Arabia has been embarking on a series of high-profile projects, including a $500...

Japan has lost its position as the world’s third-largest economy to Germany, indicating declining economic competitiveness and productivity, largely attributed to its aging population and declining birth rates. What Happened: As per government data released on Thursday, Japan’s...

The U.S. Treasury Department is sending a high-level delegation to Beijing for discussions on China’s economic policies and practices. The visit comes at a time of significant economic instability in China. What Happened: A team of five senior officials from the U.S. Treasury Department is...

The first estimate of 4Q GDP came out this morning. Growth of 3.3% was well above expectations of 2%. As usual, we’ll go through a couple of adjustments. DKI adjusts for change in private inventories because it reflects inventory stocking or de-stocking as opposed to actual economic activity...

The U.S. economy experienced robust growth in the fourth quarter of 2023, outpacing earlier expectations by a significant margin. The latest GDP report released Thursday revealed the U.S. economy expanded by 3.3% in the final quarter of the year, defying predictions of a more modest 2% rise. Here...

The U.S. economy exhibited stronger-than-anticipated growth in the final quarter of 2023, albeit at a slower pace compared to the remarkable expansion in the third quarter, underscoring the nation’s robust economic resilience in the face of high borrowing costs. Preliminary estimates from the...

Singapore’s economy accelerated in Q4 2023, outperforming economists’ predictions largely due to the progress in the construction and manufacturing sectors. What Happened: As reported by Reuters, Singapore’s economy grew by 2.8% year-on-year during the fourth quarter, with the...

The Panic Issue  GDP was revised down, but is still at a high level due largely to massive Congressional  overspending. FedEx provides a warning about future demand which is then confirmed  by November’s PCE data. The Philly Fed shows a massive decline in new orders. Even...

The U.K. is teetering on the brink of recession after revised data Friday shows the economy shrank in the third quarter as falling productivity and investment weigh on growth. Figures from the Office for National Statistics show gross domestic product fell by 0.1% in the July-September period, a...