Bloomberg
US GDP Growth Unexpectedly Rose in Second Quarter
Gross domestic product rose at a 2.4% annualized rate after a 2% pace in the previous three months. US jobless claims fell further and the core PCE price index was below expectations. Mike McKee has the numbers on "Bloomberg...
Bloomberg
Economists Cut China Growth Forecasts for 2023, 2024
A fresh Bloomberg Survey shows economists downgraded their growth projections for China for this year and next. Kathleen Hays reports on Bloomberg Television.
Bloomberg
IMF Raises Global Growth Outlook
The International Monetary Fund raised its outlook for the world economy this year, even though some lingering risks remain. Bloomberg's Michael McKee reports.
Follow Bloomberg for business news & analysis, up-to-the-minute market...
Bloomberg
Jobless Claims Down Most Since 2021, GDP Revised to 2%
Initial jobless claims decreased by 26,000 to 239,000 in the week ended June 24 according to the Labor Department's report. First-quarter US GDP was revised up to 2%. Mike McKee reports on "Bloomberg Surveillance."
Follow Bloomberg for...
Bloomberg
MacGuineas on Warnings of Fiscal Crisis Risks
President for the Committee for a Responsible Federal Budget, Maya MacGuineas, gives her insight on the latest analysis by the Congressional Budget Office saying Speaker McCarthy and President Biden won't be able to avoid a long-term...
Bloomberg
New Zealand Economy Falls Into Recession
New Zealand's economy has fallen into recession. Gross domestic product fell 0.1% from the prior three months, when it dropped an upwardly revised 0.7%, Paul Allen and Haidi Stroud-Watts report on Bloomberg Television.
Follow Bloomberg...
Bloomberg
UK Economy Sees Strong Growth in April Bounce Back
UK gross domestic product rose 0.2% after a 0.3% decline in March, as strong growth in the retail and creative industries sectors offset a slowdown in construction and manufacturing. Bloomberg Economics' Dan Hanson has more on Bloomberg...
Bloomberg
Pakistan Targets Higher GDP Growth
Pakistan's government is targeting higher GDP growth in the next financial year. This comes as the country plans to ramp up spending. Faseeh Mangi reports on Bloomberg Television.
Bloomberg
Economists Trim China GDP Forecasts, See RRR Cut Sooner
Economists surveyed by Bloomberg now expect China's gross domestic product to expand 5.5% this year from a year ago, edging down from a prior estimate of 5.6%. They also said the central bank will likely cut the reserve requirement ratio...
Bloomberg
China Economy 'Trending the Right Way,' Tribeca Says
Jun Bei Liu, portfolio manager at Tribeca Investment Partners, discusses the outlook for China's economy, policies and the implications for investors. She speaks with Haidi Stroud-Watt and Shery Ahn on "Bloomberg Daybreak: Asia."
Follow...
Bloomberg
US Jobless Claims Edge Up as Q1 GDP Revised Higher
Initial unemployment claims increased by 4,000 to 229,000 in the week ended May 20, Labor Department data showed. GDP rose at a revised 1.3% annualized pace in the first quarter. Mike McKee reports on "Bloomberg Surveillance."
Follow...
Bloomberg
Saudi Arabia: Fiscal Expansion to Balance Out Fed Hikes
Saudi Arabia says it will rely on fiscal loosening to balance out the tight monetary policy imported from the US Federal Reserve. Minister of Economy and Planning Faisal bin Fadhil Alibrahim told Bloomberg's Matthew Martin that the...
Bloomberg
US Jobless Claims Rise for First Time in Three Weeks
US initial jobless claims ticked up for the first time in three weeks. Mike McKee reports on "Bloomberg The Open."
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more:...
Bloomberg
UK Economy Grew 0.1% in Fourth Quarter
The UK dodged a recession last year as the final reading for fourth-quarter gross domestic product showed a gain of 0.1% instead of the stagnation that was previously estimated. Ellen Milligan has the details on Bloomberg...
Bloomberg
IMF's Gopinath Warns of Downside Global Economy Risks
IMF First Deputy Managing Director Gita Gopinath says a return to 3.8% global growth is unlikely as she warns "the balance of risks are squarely to the downside" for the global economy. She speaks on "Bloomberg Surveillance."
Get the...
Bloomberg
UK GDP Unchanged as Winter Strikes Slow Growth
The UK economy unexpectedly stalled in February as gross domestic product was unchanged from January instead of eking out the 0.1% growth analysts had expected. Bloomberg Economics' Jamie Rush breaks down the data on Bloomberg...
Bloomberg
US GDP to 'Tumble Pretty Hard,' Economist Darda Warns
Roth MKM Partners Chief Economist and Market Strategist Michael Darda says it would be a mistake for the Federal Reserve to raise rates at the next meeting in May because the US is moving into the bust part of the boom-bust cycle. He...
Bloomberg
China's First-Quarter GDP Grows 4.5%, Beating Estimates
China's economy grew at the fastest pace in a year in the first quarter. Gross domestic product expanded 4.5% in the January-to-March period from a year prior. Robin Xing, chief China economist at Morgan Stanley, discusses what the...
Bloomberg
China Economy Likely Grew Around 4% in First Quarter, CLSA Says
"China's manufacturing still has the ability to supply the world." Boyang Liu, China economist at CLSA, previews the gross domestic product data scheduled to be released on Tuesday, and discusses the prospects for the world's...
Bloomberg
Singapore Halts Policy Tightening After First-Quarter GDP Slump
Singapore's central bank is keeping its monetary policy settings steady unchanged after gross domestic product data that showed the island-state's economy contracted more than expected in the first quarter. The Monetary Authority had...
Bloomberg
Consumers Expect Recession: Conference Board's Peterson
Conference Board Chief Economist Dana Peterson expects 1.5%-2% GDP growth and discusses how consumers see the economy with Tom Keene and Lisa Abramowicz on "Bloomberg Surveillance."
Follow Bloomberg for business news & analysis,...
Bloomberg
How Would a Debt-Limit Breach Affect the US Economy?
Dana Peterson, chief economist of the Conference Board, discusses the US debt limit. President Joe Biden and congressional Republicans made little tangible progress Tuesday toward averting a first-ever US default, but pledged...
Bloomberg
Australian Shadow Treasurer on Budget Surplus
Australian Shadow Treasurer Angus Taylor discusses the country's budget surplus and outlook for the economy. He speaks with Bloomberg's Paul Allen on "Bloomberg Daybreak: Asia."
Press Association
Sir Keir Starmer gives lukewarm welcome to Indo-Pacific trade deal and says Government should improve EU relationship
Labour leader Sir Keir Starmer has given a lukewarm welcome to an announcement that the UK will join a major Indo-Pacific trade bloc, saying it would only add 0.08% to GDP. Trade Secretary Kemi Badenoch has said the UK joining a major...