Retail sales January 2024:

Retail sales January 2024:

Consumer spending fell sharply in January, posing a potential early danger sign for the economy, the Commerce Department reported Thursday. According to the Census Bureau, advanced retail sales fell 0.8% for the month, following a downwardly revised 0.4% increase in December. A decline had been expected: Economists polled by Dow Jones expected a 0.3% decline,…

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Brexit has sliced 5% off UK economic growth, Goldman Sachs says

Brexit has sliced 5% off UK economic growth, Goldman Sachs says

Pro-EU demonstrators protest outside Parliament against Brexit on the fourth anniversary of Britain’s official departure from the European Union on January 31, 2024 in London, United Kingdom. Future publishing | Getty Images LONDON – Post-Brexit Britain has “performed significantly worse” than other advanced economies since the 2016 EU referendum, according to a new analysis from…

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This Arctic Circle Town Expected a Green Energy Boom. Then Came Bidenomics.

This Arctic Circle Town Expected a Green Energy Boom. Then Came Bidenomics.

In Mo i Rana, einer kleinen norwegischen Industriestadt am Rande des Polarkreises, liegt eine höhlenartige graue Fabrik leer und unvollendet in der verschneiten Dämmerung – ein Denkmal unerfüllter wirtschaftlicher Hoffnung. Der Elektrobatteriehersteller Freyr war gerade mit dem Bau dieser riesigen Anlage beschäftigt, als im Jahr 2022 das umfassende Klimagesetz der Biden-Regierung verabschiedet wurde. Das vielleicht…

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Russia’s economy ‘in for very tough times’ despite improved outlook: IMF

Russia’s economy ‘in for very tough times’ despite improved outlook: IMF

Kristalina Georgieva, Managing Director of the International Monetary Fund, at a press conference at IMF headquarters on April 14, 2023. Kevin Dietsch | Getty Images News | Getty Images The head of the International Monetary Fund warned that the Russian economy still faces significant headwinds despite the Washington-based institution’s recent growth upgrade. Russia’s economy has…

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