Posts in Economy
UK economy faces weakest growth outside recession since second world war
UK economy faces weakest growth outside recession since second world war

The British economy is on track for the weakest year outside a recession since the second world war, as political turmoil and Brexit uncertainty dragged down growth, a Guardian analysis reveals.

At the end of a turbulent year and following Boris Johnson’s election victory, surveys of business activity suggest economic growth in the final three months of 2019 has essentially stalled. The jobs market is showing signs of stress and public borrowing is steadily rising again after a decade of improvement.

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EconomyDefoesuk, economy, recession
As stocks surge, they are sending a bullish signal about further gains
As stocks surge, they are sending a bullish signal about further gains

  • A net 7% of stocks on the Nasdaq and New York Stock exchanges hit new 52-week highs last week, a bullish sign for the market.

  • Sentiment Trader said it was the most in six months, and the increase in highs is often a good longer-term signal for the market.

  • “It’s really a market firing on all cylinders. It’s such a key point here,” said one technical analyst, noting the breadth of the market has been improving.

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EconomyDefoesstocks, stock news, stock market, investments
#Brexit | What To Watch For This Week As Vote On Johnson’s New Deal Is Blocked—Again
#Brexit | What To Watch For This Week As Vote On Johnson’s New Deal Is Blocked—Again

What happens now?

  • Johnson was hoping to get his deal through on Saturday, when lawmakers were gearing up to vote on the deal in a rare weekend sitting. But that did not happen, as lawmakers instead voted on an amendment that withholds their support for any deal until separate legislation is passed that ensures that any deal must be implemented in U.K. law.

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EconomyDefoesbrexit, uk, politics, economy
Singapore’s economy dodges technical recession after growing 0.6% in the third quarter
Singapore’s economy dodges technical recession after growing 0.6% in the third quarter

Singapore’s economy — often seen as a bellwether for global growth — avoided a technical recession after growing by 0.6% in the third quarter, compared to the previous three months.

That quarter-on-quarter expansion marked a reversal from the revised 2.7% decline in the April-to-June period, official advance estimates by the Ministry of Trade and Industry showed on Monday. On a year-on-year basis, Singapore’s economy grew 0.1% in the third quarter.

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EconomyDefoeseconomy, recession, finance