Price goal ‘in sight’ and ‘disinflationary process continues’ Officials likely to lower interest rates again next week Christine LagardePhotographer: Liesa Johannssen/Bloomberg The European Central Bank isn’t lowering interest rates too slowly and will maintain its measured approach to easing monetary policy, President Christine Lagarde told CNBC. “We do not see ourselves behind the curve,” […]
Interest rates at their highest in decades, wars in Europe and the Middle East, elections in countries as important as America and India. No matter. The world economy delivered another strong performance in 2024; according to the IMF, global GDP will grow by 3.2%. Inflation has eased and employment growth remains solid. Stockmarkets have risen […]
For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s Photograph: Getty Images Jan 17th 2025|Hong Kong The company at the heart of “Severance”, a celebrated TV show that just began its second season, features a department of “Macrodata Refinement”. Its workers must spot disconcerting numbers and lock them away in […]
SORTING COUNTRIES into rich and poor can be difficult. Measures such as GDP are affected by population size (more people generally mean more output). But adjusting for population alone is not enough. Dollar income per person does not account for differences in prices between countries (a Big Mac, for example, will set you back more […]