Relief for UK consumers and the Bank of England alike as it is reported grocery price inflation has seen its steepest decline since inflation peaked in March this year, falling 1.6 percentage points to 14.9% in the four weeks to 9 July 2023.
July 18,2023
Some economists are forecasting UK economic growth to pick up through the remainder of 2023, although others warn of a recession taking hold as higher interest rates begin to bite.
July 13,2023
The U.S. is now likely to pull off the perfect 'soft landing' as it the economy will likely avoid recession, according to deVere Group.
July 13,2023
The UK economy outperformed expectations for the month of May when an additional public holiday connected with the King's Coronation had less of a negative impact than many envisaged though was still enough to leave output little changed for the second quarter at the midway milestone.
July 13,2023
Rising financial market expectations for interest rates and other circumstances almost unique to the UK are stoking a form of tension between financial stability and inflation-targeting mandates of the Bank of England (BoE) while potentially creating the appearance of comparability between Britain and the biblical city of Babylon.
July 12,2023
Truflation - the independent inflation data aggregator - says the U.S. will announce another sharp drop in inflation tomorrow when monthly data are dropped.
July 11,2023
Germany's economic engine continues to misfire with data out Friday revealing another contraction in the manufacturing sector, setting up the prospect of a rare three-quarter-long recession.
July 7,2023
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