GDP contraction

Economy

3 weeks ago

Pound Falls as BOE Signals Faster Rate Cuts

Bailey Warns of Economic Slack and Job Market Weakness The British pound fell to a three-week low after Bank of England Governor Andrew Bailey indicated the central bank may accelerate interest rate

pound-slips-as-uk-growth-disappoints,-euro-rises

Economy

5 months ago

Pound Slips as UK Growth Disappoints, Euro Rises

The British pound lost ground against the dollar on Friday after disappointing economic data, while the euro strengthened on news of a German debt deal. Sterling fell as much as 0.25% to

japan’s-gdp-contracts-less-than-expected-in-q1

Economy

2 months ago

Japan’s GDP Contracts Less Than Expected in Q1

Japan’s economy contracted less than initially estimated in the January-March quarter, according to revised government data released on Monday. While private consumption was revised upwards, the outlook remains clouded by the uncertainty

Asian Economies Urged to Avoid Retaliatory Tariffs

As global trade tensions rise, Asian economies are urged to adopt strategic measures to avoid a damaging cycle of retaliatory tariffs. Edward Robinson, the deputy managing director of the Monetary Authority of

3 months ago

Economy