World Bank Downgrades Global Growth to 3.2% on Ukraine War Impacts
(Bloomberg) The World Bank projects a global growth of 3.2% this year, down from an earlier prediction of 4.1%. The World Bank cites impacts emanating from the Ukrainian war as…
China’s GDP Grows by 4.8% in Q1, Exceeding Estimates, and Unemployment Hits a Record
(NBS) China’s economy grew by 4.8% in the first quarter from the prior year, surpassing estimates of 4.4% gain despite Covid-19 slowdowns. Most economic parameters beat estimates in the first…
NY State Manufacturing Shots up by 36 Points in April, Optimism Wanes
(NY Fed) The index gauging the general business conditions in the New York State manufacturing sector rose by thirty-six points in April to 24.6. The increase in manufacturing activity happens…
US Mortgage Rises Hits 5%, the Highest in More Than a Decade
(WSJ) US mortgage rate for the 30-year loan is estimated at 5%, up from 4.72% last week and the highest since early 2011. The rise in mortgages happens after remaining…
US Jobless Claims Rose by 18,000 Last Week
(Department of Labor) The US reported a total of 185,000 jobless claims in the week that ended April 9, up by 18,000 from the previous week. On a four-week moving…
China’s Imports Hit a Snag in March Amid Covid-19 Curbs, Falling Demand
(Reuters) Inbound shipments to China fell by 0.1% in March from the prior year, the first decline since August 2020 due to Covid-19 restrictions. The Covid-19 restrictions reportedly curtailed freight…
UK Inflation Accelerates by an Annual 7.0 % in March, a 3-Decade High
(ONS) The UK Consumer Prices Index increased by 7.0% in the 12 months to March 2022, accelerating from a gain of 6.2% in February. The annual surge in inflation reflected…
US Inflation Accelerates in March to an Annual 41-Year Record of 8.5%
(BLS) US inflation rose by a higher 1.2% in March, after rising another 0.8% in February on the back of escalating energy prices. Following the higher monthly increases, the US…
US Small Business Confidence Falls Again at Below Long-Range Average in March
(NFIB) Concerns of rising inflation dragged the US Small Business Optimism down by 2.4 points to 93.2 in March. The March decline is the third straight month of fall, with…
UK Unemployment Falls by 0.2% in Dec-Feb Quarter, Job Vacancies Hits a Record
(ONS) The UK unemployment rate from December 2021 to February 2022 quarter declined by 0.2% to 3.8%. The employment rate, nonetheless, was largely unchanged at 75.5%, below a pre-pandemic level.…
UK GDP Grows by a Marginal 0.1% in February
(ONS) UK’s gross domestic product expanded by 0.1% in February, a slower gain compared to an increase of 0.8% in January. The services sector led the GDP increases, with a…
China’s Consumer Inflation, Producer Prices Rises by More Than Estimates in March
(NBS) China’s consumer prices rose by an annual 1.5% in March, the fastest in three months, beating estimates of 1.2%. The consumer prices increase accelerated from a gain of 0.9%…
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