30 October 2024

AMERICA'S 'RESILIENT' CONSUMBER. . .

 

US Economy Expands at 2.8% Rate, Powered by Resilient Consumer
Consumer spending advanced 3.7%, the most since early 2023.


Global growth stagnates at 2.7%, too weak to curb inequality, climate  change and discontent | UNCTAD
Cervante Harris | Stocks•Invest•Finance | Curious about which countries are  expected to lead in economic growth over the next 10 years? Here's a  forecast of Real GDP growth rates… | Instagram
Here's some information about GDP expansion in developed countries:
  • GDP growth in the US: In Q2 2024, the US GDP grew by 0.7%. The US had the highest GDP growth among G7 economies over the period. 
  • GDP growth in the UK: In Q2 2024, the UK GDP rose by 0.5%. The IMF and OECD have both raised their forecasts for UK GDP growth in 2024. 
  • GDP growth in the Eurozone: In Q2 2024, the Eurozone GDP rose by 0.2%. 
  • GDP growth in Germany: In Q2 2024, German GDP fell by 0.1%. 
  • GDP expansion: GDP expansion is a phase of the business cycle where real GDP grows for two or more consecutive quarters. It's also known as an economic recovery. 

The BRICS Expansion and the End of Western Economic and Geopolitical  Dominance - The World Financial Review
Economic and fiscal outlook – October 2024 - Office for Budget  Responsibility


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