Los Angeles Times (May 4)
“Inflation surged to 3.5% in March — the highest level in nearly three years — as gas prices climbed above $4.40 due to Middle East tensions, yet consumers barely flinched. The U.S. economy expanded at a 2% annual rate in the first quarter while unemployment claims hit a 50-year low, signaling unexpected resilience despite inflation pressures.”
Tags: Consumers, Economy, Expanded, Gas prices, Inflation, March, Middle East, Q1, Surged, Tensions, U.S., Unemployment claims, Unexpected
Investment Week (August 15)
“The UK economy grew by 0.6% in the second quarter, following an increase of 0.7% in the previous three months.” Year over year, “gross domestic product expanded by 0.9% from April to June…. The figures confirm that the economy has enjoyed a strong recovery from its mild technical recession last year.”
Tags: 0.6%, 0.7%, 0.9%, Economy, Expanded, GDP, Grew, Q1, Q2, Strong recovery, Technical recession, UK
Institutional Investor (October Issue)
“Japan’s back, baby! No, you’re not hallucinating…. The world’s third-largest economy may finally have put its deflationary past behind…. Gross domestic product expanded for six straight quarters through June, momentum not seen in more than a decade, and private consumption, which accounts for two thirds of GDP, rose nearly 1 percent in the second quarter.”
Tags: Deflationary, Economy, Expanded, GDP, Hallucinating, Japan, Momentum, Private consumption
