Today: February 1, 2025
February 1, 2025
1 min read

EU economy slows down in the fourth quarter; The expense remains firm

Goldman Sachs cuts US recession probability from 25% to 20%

Economists surveyed by Reuters had planned an GDP increase of 2.6%. Estimates ranged between 1.7% and 3.2%.

The survey was conducted before Wednesday’s data showed that the trade trade deficit reached a record in December, which led to the Atlanta Federal Reserve to cut its GDP forecast at a rate of 2.3% from an previous previous estimate of 3.2%.

Despite the slowdown to the rapid rhythm of the July-September, the economy challenged last year the dire predictions of a recession that had been fed by the rise in rates by the Fed in 5.25% in 2022 and 2023 for To suffocate inflation.

The economy is expanding well above 1.8% that political leaders consider the rate of non -inflationary growth.

The discontent with the economy was one of the main reasons why President Donald Trump swept the elections of November 5.

The Fed maintained its reference interest rate on a day in the range of 4.25%-4.50%, having reduced it to 100 basic points since September.

The consumer expense, which represents more than two thirds of the economy, grew at a rate of 4.2% the last quarter, after having grown at a pace of 3.7% in the July-September quarter.



Source link

Latest Posts

They celebrated "Buenos Aires Coffee Day" with a tour of historic bars - Télam
Cum at clita latine. Tation nominavi quo id. An est possit adipiscing, error tation qualisque vel te.

Categories

Patronato will do activities with the aim of providing an ambulance for Huancayo firefighters
Previous Story

Patronato will do activities with the aim of providing an ambulance for Huancayo firefighters

Next Story

“We are going to wait with the cold head,” says Mexican president against Donald Trump tariffs

Latest from Blog

Go toTop