Britain’s economy grew at a monthly pace of 0.5% in February, figures from the Office for National Statistics showed on Friday, well above economists’ expectations in a Reuters poll for an expansion of 0.1%. Britain’s economy grew by a lacklustre 1.1% last year. Last month government budget forecasters halved their 2025 forecast to 1%, though…
Asian markets shrugged off another decline on Wall Street last night, with markets in China gaining after state-run banks and other financial institutions were ordered to do more to help spur more consumer spending. The Hang Seng (^HSI) jumped more than 2% in Hong Kong and the Shanghai Composite (000001.SS) was 1.8% up by the…
The UK economy expanded by just 0.1% in the third quarter of 2024, falling short of the 0.2% growth forecast by economists and marking a slowdown from the 0.5% increase recorded in the second quarter. The latest GDP figures, released by the Office for National Statistics (ONS), revealed weakening momentum in the UK’s dominant services…