GDP growth

US economy slows in final months after turbulent year

by
A group of economists discusses the latest GDP growth figures during a conference, highlighting concerns about the US economy's slowdown as 2023 comes to a close.

Inflation remains a critical issue, with consumer prices rising at a rate of 4.2% year-over-year as of November. The Federal Reserve’s aggressive interest rate hikes, aimed at curbing inflation, have contributed to decreased consumer spending and business investment. As borrowing costs increase, many businesses are reassessing expansion plans, which could further dampen economic growth. Labor … Read more

The UK economy remains vulnerable despite recent positive indicators

by
A bustling street in London shows people shopping and commuting, reflecting the ongoing economic activity despite concerns about inflation and rising living costs.

Inflation rates, while slightly lower than previous highs, remain above the Bank of England’s target of 2%. In September 2023, the Consumer Price Index (CPI) recorded an annual inflation rate of 4.5%, which continues to strain household budgets and erode purchasing power. The rising cost of living, particularly in energy and food sectors, has led … Read more