Ongoing strength in the U.S. economy drove mortgage rates up over 7% for the first time in eight months, casting doubt over a recovery in the housing sector. The 30-year mortgage rate inched up to ...

Global growth is projected at 3.3 percent both in 2025 and 2026, below the historical (2000–19) average of 3.7 percent. The forecast for 2025 is broadly unchanged from that in the October 2024 World ...

The economy “recovered remarkably” in the fourth quarter of 2024, said the National Bureau of Statistics, growing 5.4 per cent year on year and rebounding from slower growth in the third quarter.

The World Bank, comprising 189 member nations, seeks to reduce poverty and boost living standards by providing grants and low-rate loans to poor economies. For low- and middle-income countries – ...

While the pace of retail sales in December was only modestly positive, the health of recent retail sales data bodes well for the growth rate in Q4 2024 GDP. Looking ahead, retail sales are likely ...

though it could hit rates on saving accounts. While the Government will welcome any growth, having made it its No1 priority, the latest figures were weaker than expected by the City. The UK ...

The weaker-than-expected growth figures fuelled further expectations that the Bank of England will cut interest rates at its next meeting in February from 4.75% to 4.5%, especially after UK ...

A Bloomberg poll showed 38 economists expecting the central bank to hold rates steady to prevent further depreciation of the Indonesian currency. BI governor Perry Warjiyo said the decision was driven ...

JAKARTA, Jan 15 (Reuters) - Indonesia's central bank unexpectedly cut policy rates on Wednesday, resuming its monetary easing to prop up growth in Southeast Asia's largest economy despite ...

After climbing to its most expensive level in more than seven months, the 30-year mortgage rate average marched in place Tuesday at 7.13%. Rate movement was meanwhile mixed for other mortgage types.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Many of the world’s richest economies will need to at least double productivity growth to maintain ...