The Eurozone economy grew 2.2% on quarter in the three months to September of 2021, beating 2.0% expected and 2.2% previous, the first estimate showed on Friday. Annually, the eurozone GDP rate expanded by 3.7% in Q3 vs. 14.3% seen in the second quarter of 2021 while beating 3.5% expectations.
Read More »How high will U. S. 3Q GDP be?
Investors eye how strong growth in Q3 gross domestic product will be when the government reports the official advance estimate on Thursday.Following the first two quarters when the annual rate of growth came in at 6.3% and 6.7%, respectively, the arrival of the delta variant this summer and ongoing disruptions …
Read More »Economic slowdown awaits U. S. in 2022
The U.S. economy will be battling a continued slowdown in 2022 as it contends with sticky inflation and supply chain bottlenecks.Growth is clearly slowing. Obviously the U. S. has passed the peak growth rate, but it’s a relatively graduate slowdown. A number of economists have cut their 2021 GDP growth …
Read More »Britain’s Economic Growth Returns in August
Britain’s economy returned to growth in August after contracting for the first time in six months in July, keeping bets in the financial market that the Bank of England will start raising interest rates before the end of the year. The gross domestic product grew 0.4% in August, slightly less …
Read More »US: Real GDP Growth Stood at 6.6% in Q2
The US Bureau of Economic Analysis released the final US GDP report this Thursday and confirmed that the world’s largest economy expanded at an annualized pace of 6.6% during the April-June period. The reading matched the Preliminary estimate and market expectations.
Read More »Britain’s Economy Grows Stronger Than Expected in Q2
Official data revealed that Britain’s economy grew at a more robust pace than previously expected in the period between April and June. The Office for National Statistics said gross domestic product increased 5.5 percent in the second quarter, compared with its initial estimate of 4.8 percent growth. The office said …
Read More »Canada: Real GDP Expands by 0.7% in June
Canada’s Real Gross Domestic Product (GDP) expanded at a monthly rate of 0.7% in June, the data published by Statistics Canada showed on Tuesday. This reading came in line with the market expectation.
Read More »US: Real GDP Expands by 6.6% in Q2
The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 6.6% in the second quarter, the US Bureau of Economic Analysis reported on Thursday. This reading matched the previous estimate and the market consensus. the US Bureau of Economic Analysis (BEA) second estimate showed on Thursday. …
Read More »GBP/USD Plunges Following UK GDP Data
The Sterling Pound (GBP) is declining against the U.S. Dollar (USD) on Thursday, with the greenback fluctuating against major currencies but mostly maintaining the positive territory. Meanwhile, the British Pound has declined to its level in roughly two weeks after data showed that the United Kingdom’s economy grew faster than …
Read More »Eurozone Preliminary GDP Rebounds 2.0% in Q2
The Eurozone economy rebounded 2.0% on quarter in the three months to June of 2021, beating 1.5% expected and -0.3% prior, the first estimate showed on Friday. On an annualized basis, the bloc’s GDP rate expanded by 13.7% in Q2 vs. -1.3% booked in the first quarter of 2021 while …
Read More »