In this year’s third quarter, the U.K.’s economy managed to grow by just 0.1 percent, according to the Office for National Statistics. That followed a 0.3-percent bump in the preceding quarter. Economists in a Wall Street Journal survey had expected a 0.2-percent expansion from July through September.
Surveying 186 economic analysts, German thinktank ZEW said its monthly Indicator of Economic Sentiment slipped 0.8 of a percentage point from October, settling at 38.5.
In the third quarter, the Eurozone’s economy grew 0.2 percent above the second quarter, setting an annual pace 1.4 percent as exports to the U.S. surged after U.S. tariff rates were reduced in a final trade agreement.
Three issues pose a growing danger to stock markets where valuations have been inflated by euphoria and lax oversight, the World Socialist Web Site (WSWS) warned in a 12 November analysis.
During the week ending 7 November, mortgage demand increased the most since September, the Mortgage Bankers Association (MBA) said, ending the year’s home-selling season on a high note.
Older Americans, finding their savings and Social Security incomes are not keeping up with expenses, are increasingly taking out reverse mortgages on their homes, the Financial Times reported.
Heating season has arrived and foreign buyers are willing to pay top dollar for liquefied natural gas (LNG) from the U.S. Both factors have driven gas prices to their highest since the price spiked after Russia attacked Ukraine in February 2022.
In October, properties in some stage of foreclosure rose 3 percent from September to reach 36,766, a 19-percent gain year on year and the eighth consecutive month in which the number increased, according to property data service ATTOM.
The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
Big Tech announced widespread layoffs this week. Verizon will lay off 15,000 to cut costs, Synopsys chip design company will lay off 2,800 people and Intel will lay off 669 people in Oregon by year-end.