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The British households finance index, according to IHS Markit, rose to a maximum in three months at the beginning of the year. The inflation rate simultaneously dropped to its minimum level in two years, to 2.1%. In the absence of an agreement on the Brexit deal, British households hope for their financial situation in 2019 remains at the 2014 minimum level. According to IHS Markit economist, Joe Hayes, uncertainty in the financial environment of British households is growing due to barriers to exit from the EU. Theresa May was the loser following the discussion of the Brexit deal in parliament, which is why the UK can withdraw from the EU without an agreement on a transition period. Investment activity of British companies slowed down by the end of 2018. British citizens also did not change the perception of job security. It remains at the annual minimum. The Rightmove real estate portal recorded the weakest start of the year in the last six years for the housing market. However, the IHS Markit survey showed that most of the 1,500 respondents expect interest rates to increase in early 2019, and 73% of those surveyed - during the year.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
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