The countries that use the euro recorded economic expansion of 0.1 percent in the first quarter, a slight improvement over the previous quarter’s flat output.
Category: Economic Conditions and Trends
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Central Banker to Britons: You’re Worse Off. Accept It.
The comment, from the Bank of England’s chief economist, was offered as a way to curb inflation. But the message has fallen flat.
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U.K. Inflation Edges Lower, but Persists in Double Digits
Prices rose at an annual rate of 10.1 percent last month, down from 10.4 percent in February. Food costs continued to keep inflation high.
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‘Zero Covid’ Behind It, China’s Economy Starts to Recover
The economy grew 4.5 percent in the first three months of the year, a pickup from the end of 2022, when the relaxation of pandemic prevention measures led to a wave of illness.
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Pressure Mounts on China to Offer Debt Relief to Poor Countries Facing Default
There was optimism at the spring meetings of the I.M.F. and World Bank that China will make concessions over restructuring its loans.
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Sulwhasoo, the Korean Beauty Brand, Partners with the Metropolitan Museum of Art
Amorepacific partners with the Metropolitan Museum of Art to expand the reach of Sulwhasoo, their luxury Korean beauty brand.
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As U.S. Tries to Isolate China, German Companies Move Closer
Some are expanding in China, reluctant to leave a huge market they need to finance operations back home.
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IMF Lowers Growth Outlook Amid Financial System Tremors
The International Monetary Fund says a painful slowdown, which could include a recession, has become a bigger risk for the global economy.
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California Economy Is on Edge After Tech Layoffs and Studio Cutbacks
As recession fears persist, the troubles in major industries have hurt tax revenues, turning the state’s $100 billion surplus into a deficit.
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I.M.F. Lowers Growth Outlook Amid Financial System Tremors
The International Monetary Fund says a painful slowdown, which could include a recession, has become a bigger risk for the global economy.
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IMF Lowers Growth Outlook Amid Financial System Tremors
The International Monetary Fund says a painful slowdown, which could include a recession, has become a bigger risk for the global economy.
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Global Economy May Be in a ‘Lost Decade,’ World Bank Warns
Adding to crises like the pandemic, recent stress in the banking system is a new threat to world growth, experts at the organization said.