Sunday, September 8, 2024

The world economy was expanding at a faster pace in August

 According to the J.P.Morgan Global Composite PMI, the wold economy expanded faster in August than in July. The service sector was the growth engine, while manufacturing contracted again. « India saw the strongest growth overall, followed by the US. Rates of expansion were relatively mild in China and the euro area as a whole. » 

Saturday, February 17, 2024

US economy: upward revision

 The 34 forecasters, consulted quarterly by the Federal Reserve Bank of Philadelphia, predict that the US real GDP will grow 2.4% in 2024 (median forecast). Their previous estimate was at 1.7 %.

Link to the press release from the Federal Reserve Bank of Philadelphia