Federal Reserve cuts key rate for 1st time this year
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Unemployment, inflation and GDP growth will be worse this year than projected, budget office says
The Congressional Budget Office has released new economic projections, indicating that unemployment, inflation and overall growth will worsen in 2025 before improving over the next year
The report, the second of three estimates for GDP, shows that the economy bounced back after a contraction in the first quarter.
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Argentina’s GDP Growth Surges Yet Misses Expectations
Argentina’s GDP growth rate year-over-year increased to 6.3%, up from the previous rate of 5.8%. This represents a 0.5 percentage point rise,
The U.S. economy as measured by the Gross Domestic Product grew at an annual rate of 3.3% in the second quarter, rather than the 3% annual growth initially estimated last month.
THE UK economy has shown no growth in July, in a blow for Rachel Reeves ahead of the autumn budget. The latest figures from the Office for National Statistics (ONS) reveal Gross Domestic
The economy, which suffered a sharp recession last year, has been slow to respond to aggressive rate cuts and remains smaller than it was at the start of 2024.
Australia's economy grew at the fastest annual pace in almost two years in the second quarter as consumers finally started spending after multiple rate cuts, taking over from the government as the main driver of growth.