GDP will grow just 0.5 per cent in 2024, International Monetary Fund predicts. Analysts also found GDP of UK has largely been boosted by migrant workers. UK slipped into recession at end of last year but is now on its way to recovery
Today, the Commerce Department released a snapshot of its growth report for the first quarter. The country’s gross domestic product (GDP) grew by just 1.6 percent, its slowest pace in nearly two years. Further, inflation rates have also risen dramatically. Many economists are describing this as “the worst of both worlds.” Economists polled by Reuters […]
he city of Salem has seen a surge of economic growth, with businesses popping up left and right and more on the way. But what's behind all of that development? And how was the city able to turn things around?
Rules governing political campaigning on terrestrial television don’t apply to streaming or online – and parties are starting to play dirtyOne of my favourite jokes in The Simpsons concerns the unhinged nature of US political advertising. “Mayor Quimby supports revolving-door prisons,” a growly voice narrates over footage of exactly what you imagine. “Mayor Quimby even released Sideshow Bob, a man twice convicted of attempted murder.” And then, a final disclosure at a noticeably faster pace:...
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.
U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank.
California-based quantum circuitry company Rigetti has brought a commercially available quantum computer to the UK. Only the second in the country, it was installed in collaboration with Oxford Instruments NanoScience — a cryogenics company that provides the cooling needed for superconducting qubits. The system, supported by grants from the UK government, is Rigetti’s first UK-based quantum computer and will be accessible via the company’s cloud computing services. When it comes to...
Inflation in the UK fell to its lowest level in two-and-a-half years in March after a further easing in food prices, official figures show, a development that could further pave the way for a welcome cut in interest rates soon. Consumer prices rose by 3.2 per cent in the year to March, down from 3.4 […]
The International Monetary Fund has reviewed upwards Nigeria’s economic growth forecast for 2024 from three per cent to 3.3 per cent. This revision was announced in the IMF’s World Economic Outlook for April, which was released during the ongoing 2024 Spring Meetings of the World Bank and IMF in Washington, United States. The updated forecast Read More
Despite wider economic turmoil, the UK casino market continues to experience growth, reflecting a broader global trend of resilience in certain sectors.
After nearly two years of legal and political challenges, Britain’s parliament has finally passed a law confirming that Rwanda is a safe place to send Read More
Consumer Reports recently conducted its most comprehensive review of pesticides in 59 US fruits and vegetables. Here the organization shares what it foundWhat’s safe to eat? Here is the pesticide risk level for each fruit and vegetableWhen it comes to healthy eating, fruits and vegetables reign supreme. But along with all their vitamins, minerals and other nutrients can come something else: an unhealthy dose of dangerous pesticides.Though using chemicals to control bugs, fungi and weeds helps...