Monthly Archives: October 2024
US consumers continues to drive strong GDP growth
US GDP increased by more than 2.8% at an annualized rate in Q3, supported by continued acceleration the growth of personal consumption expenditures.
Eurozone economy shows resilience with 0.4% GDP increase in Q3
Eurozone GDP quarterly growth rate sped up to 0.4% in Q3, an upside surprise compared to an expectation of 0.2% increase, countering widespread worries that the currency bloc is sliding into economic stagnation.
Bank of Canada not sure about exact level of neutral rate, Macklem says
Bank of Canada isn't entirely sure what the country's natural rate of interest is and the central bank will have to discover it over time, said Governor Tiff Macklem.