CNN (November 15)
Since peaking above 10% in January, “UK inflation plunged to its lowest level in two years in October, allowing Prime Minister Rishi Sunak to declare victory on his pledge to halve the rate of price increases this year.” However, “Sunak’s second pledge to voters — to get the economy growing — is looking increasingly out of reach.” During the three month’s ended in September, GDP managed “zero growth… compared with the previous quarter, when it grew by a measly 0.2%.”
Tags: 10%, Economy, Inflation, January, Lowest level, October, Peaking, Pledge, Plunged, Price increases, Sunak, UK
Institutional Investor (February 27)
“After a tumultuous 2022, many investors breathed a sigh of relief when the stock market began to show signs of recovery in January. But… the current upswing may not last long, because economic fundamentals continue to paint a gloomy picture for the year ahead.”
Tags: 2022, Economic fundamentals, Gloomy, Investors, January, Recovery, Relief, Stock market, Tumultuous, Upswing
Global Times (February 25)
Chinese shipbuilders have “won all 17 new orders for pure car and truck carrier (PCTC) worldwide in January, as domestic enterprises break Japanese and South Korean monopoly of PCTC construction thanks to the nation’s booming car exports.” January’s new orders “totaled a combined 510,000 deadweight tons with 152,000 parking spots.”
Tags: Booming, Car, Car exports, Carriers, China, January, Japan, Monopoly, New orders, Shipbuilders, South Korea, Truck, Won
Wall Street Journal (February 16)
“Fresh figures on jobs and prices drove the economy’s surprising vigor this year, joining rising household incomes, consumer resilience and other data that have persuaded investors the Federal Reserve’s battle against inflation is likely to be a longer one than they hoped.” In January, U.S. hiring rose while “unemployment fell to a 53-year low.”
Tags: Consumer resilience, Economy, Fed, Hiring, Household incomes, Inflation, Investors, January, Jobs, Prices, Rising, Surprising, U.S., Vigor
Oilprice.com (December 2)
“OPEC+ will meet this Sunday to discuss its production targets for January 2023, amidst a widening discrepancy between oil market watchers as to what we should be expecting next year…. The IEA’s global oil demand growth for 2023 stands at a mere 1.7 million b/d whilst OPEC expects 2.55 million b/d.”
Tags: 1.7 million b/d, 2.55 million b/d, 2023, Demand growth, Discrepancy, Global, IEA, January, Oil market, OPEC, Production targets
London Times (December 20)
“Although Boris Johnson is unlikely to impose further restrictions before Christmas,” anything is possible thereafter. “A full lockdown is not off the table.” Modelling suggests hospital admissions will soar beyond 3,000, possibly reaching 10,000 per day in England, a number “far higher than January’s peak of 4,000.”
Tags: Christmas, England, Hospital admissions, January, Johnson, Lockdown, Modelling, Peak, Restrictions
San Francisco Chronicle (March 3)
“COVID-19 remains a deadly disease—but it took fewer lives in February than it did the month before. The virus claimed 11,286 Californians in February, a shocking figure that is nevertheless 25% lower than the 14,953 COVID deaths in January.”
Tags: Californians, COVID-19, Deadly disease, Deaths, February, January, Lower, Shocking, Virus
