UK economy recovers from high inflation Getty Images In the midst of a long and often fraught general election campaign in the UK, it’s easy to overlook the latest economic news. But the latest data on the UK’s economic performance is encouraging. Figures just released by the Office for National Statistics show that GDP growth … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favourite stories in this weekly newsletter. Membership prices at Hong Kong’s most exclusive private clubs have fallen by as much as 20 percent on the secondary market in the past year, brokers say, as the city’s economy slows and affluent expats … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The eastern expansion of the European single currency has suffered a setback after Bulgaria and Romania failed to meet the economic criteria needed to adopt the euro. The decision announced by the European Central Bank … Read more
Moreover, in 2022, despite the phasing out of its pandemic emergency purchasing programme, the ECB launched a new “anti-fragmentation instrument”, the Transmission Protection Instrument, which was explicitly aimed at keeping spreads under control by allowing the central bank to to buy government bonds from countries. countries whose interest rates vary excessively due to speculation. What … Read more
Stay informed with free updates Simply log in to the Chinese economy myFT Digest – delivered straight to your inbox. Industrial production in China rose more than expected last month, but retail sales grew more slowly, a sign that weak consumer confidence weighed on a recovery in the world’s second-largest economy. Industrial production grew at … Read more