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Economy

UK inflation, March 2024

Workers deliver drinks to a pub in the City of London, UK, on Tuesday, April 16, 2024. Bloomberg | Bloomberg | Getty ImagesInflation in the U.K. eased to 3.2% from 3.4% in March, the Office for National Statistics said on Wednesday, but a set...

High company valuations a ‘worry,’ IMF’s capital markets chief says

Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian hold the press briefing of the Global Financial Stability Report at the International Monetary Fund during the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank...

Risk of a global recession is minimal, IMF economist says

One of the International Monetary Fund's top economists signals little risk of a global recession, despite the ongoing rumblings of geopolitical uncertainty.The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024 and projects the same rate...

IMF upgrades global growth forecast as economy proves ‘surprisingly resilient’ despite downside risks

Crowds walk below neon signs on Nanjing Road. The street is the main shopping district of the city and one of the world's busiest shopping districts.Nikada | E+ | Getty ImagesThe International Monetary Fund on Tuesday slightly raised its global growth forecast, saying...

U.S. economy will see ‘more things break’ in 2025 if rates stay high: Strategist

U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., March 20, 2024.Elizabeth Frantz | ReutersThe U.S. economy could be headed for stormy waters in 2025...

Retail sales jumped 0.7% in March, much higher than expected

Rising inflation in March didn't deter consumers, who continued shopping at a more rapid pace than anticipated, the Commerce Department reported Monday.Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% rise though below the...