Tag Archives: GDP

AUD/USD defends 0.7200 resistance breakout, taking rounds to 0.7215-20 during early Thursday morning in Asia.In doing so, the pair remains near the monthly peak of 0.7225, which holds the gate for a rally towards the 0.7300 hurdles. Despite rising virus cases and fears of ore infections during new-year celebrations, positive …

The EUR/USD pair is extending on earlier session gains and has now persuasively cleared its earlier weekly highs around 1.1304 and is pressing on into the 1.1320s. Despite a broadly subdued tone to trade in other asset categories, like shares and bonds, currency markets have adopted a somewhat more risk-on …

Britain’s economy grew more slowly than expected between July and September, official data revealed on Wednesday, ahead of the outbreak of the Omicron mutation that poses an additional threat to recovery this year. Gross domestic product (GDP) for the world’s fifth-largest economy rose 1.1 percent in the third quarter, less …

According to the US Bureau of Economic Analysis (BEA)’s final GDP estimate, the US economy grew at an annualized QoQ pace of 2.3% in Q3 2021, above the prior estimate for a growth rate of 2.1%. to be updated …

The pandemic remained a major force influencing growth in the US economy in 2021. But as vaccinations picked up and stay-at-home orders began to be lifted, the economy took considerable steps to recove throughout the year.Despite being behind pre-pandemic levels on many major metrics, on other metrics, and notably on …

Senator Joe Manchin’s opposition to the Build Back Better Act prompted Goldman Sachs to quickly dim its US economic outlook.The Wall Street firm told clients it no longer assumes President Joe Biden’s signature legislation will get through the narrowly divided Congress, citing the West Virginia Democrat’s announcement that he’s a …

The US economy is expected to slow in 2022 in comparison to 2021, but economic growth will continue at a pace that is above average. Consumers have powered the economic recovery since mid-2020 and that will continue in the coming year.Consumer spending is expected to rise another 4% to 5% …

The US Financial Times revealed on Wednesday that the United States intends to announce the postponement of the trade agreement with Britain, under which the tariffs on steel and aluminum coming from Britain, which had been imposed by former US President Donald Trump, would be removed. The American newspaper pointed …

The U.S. economy expanded at an annual 2.1% pace in Q3 instead of 2.0% according to revised government data. Economists were expecting a reading of 2.2%, according to a Wall Street Journal poll. Consumer spending and private inventory investment mostly accounted for the upward revision, the Commerce Department said Wednesday. …

`About 65% of Americans now view their economy as poor, according to a poll by The Associated Press-NORC Center for Public Affairs Research. Almost all predictions indicate that inflation will continue to rise over the next months, this applies to fuel, electricity, food costs and every household purchase, but Wall …