Browsing: Economy

Economy
The UK economy has a huge mountain to climb
Gross domestic product shrunk by 1.5% in the first quarter, according to the Office for National Statistics, a better than expected performance that was helped by a surge in activity in March as coronavirus restrictions were eased slightly.The lifting of the remaining restrictions is expected to unlock a huge surge in growth this summer. But multip...
Economy
As the U.S. economy restarts from the pandemic, parts of it are severely broken
A customer wearing a protective mask loads lumber at a Home Depot store in Pleasanton, California, Feb. 22, 2021.David Paul Morris | Bloomberg | Getty ImagesThe U.S. economy is trying to restart its engine after tumbling into its deepest recession in generations, but a variety of supply chain constraints are threatening the country's rebound.The co...
Economy
President Biden’s claims on the US economy fact-checked
By Jake HortonBBC Reality Checkimage copyrightGetty ImagesPresident Joe Biden says the US economy has made historic progress since he came into office in January, despite lower-than-expected job figures in April.We've looked at some of his claims and put the latest economic numbers into context.Joe Biden: 'We've created more than 1.5 million jobs.....
Economy
Why Michael Dell Is ‘Quite Optimistic’ About The World Economy
Michael Dell is bullish about the world economy ahead as many businesses around the globe are benefitting from a “reimagining of cost” stemming from the COVID-19-related lockdowns with “pent-up” technology demands in 2021. “The world economy feels pretty good right now,” said Dell, chairman and CEO of Dell Technologies during a media and...
Economy
America’s economy suffers bottlenecks and shortages
May 11th 2021AMERICANS ARE used to getting what they want when they want it. But these days they find themselves in the unfamiliar position of having to wait. Companies from General Motors to Nintendo complain of a shortage of microchips. Prices of lumber and chicken breasts, both in short supply, are soaring; and it is ever more difficult to get h...
Economy
UK economy, gearing up for recovery, grows more than expected in March
Britain's pandemic-battered economy grew more strongly than expected in March as it gathered speed for a bounce-back from its coronavirus slump of 2020, official data showed on Wednesday.The 2.1% growth from February was led by the reopening of schools which, alongside COVID-19 testing and vaccinations, pushed up activity in the public sector and b...
Economy
Dollar holds near 10-week low ahead of inflation report
A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/IllustrationThe U.S. dollar hit a 2-1/2-month low early in the New York session, then stabilized around those levels on Tuesday afternoon, the eve of U.S. consumer price data, as investors bet that rising inflation could erode the currency's value.In recent y...
Economy
5 things you should know about the state of the global economy |
IMF/ Jake LyellDock workers unload fresh fish from a boat in Casablanca, Morocco. 1) US and China bounce back, but a slow recovery for developing countries  While economic output in the United States and China is expected to grow robustly and lift global growth, many developing ec...
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