This week, we published our macroeconomic projections for the global economy and the Nordics.
In the euro area, we expect growth to slowly increase during 2025, but the near-term outlook is weak. We expect some cooling in the US, but steady economic growth to continue despite fiscal and trade policy uncertainties. China continues to struggle with the heavy housing crisis, but stronger steps are taken to turn this around. New tariff clouds hang on the horizon, though and we have revised down our growth outlook.
In the US, weaker than expected ISM data blurred the picture of the service economy, which has largely looked strong recently. The jobs report was no big market mover but on the margin to the weak side. Close to 300,000 new jobs is strong but at odds with a much weaker employment picture in the household survey. Besides, it came along with a higher unemployment rate and a shrinking labour force, not exactly a sign of strength.
Centralbanks Macroeconomics Countries
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AP cutting 8% of workforce as new organization shifts focus after election cycleThe AP said less than half of the anticipated cuts would involve its news employees, with the bulk happening within the US.
Read more »
Bowman signals caution on rate cuts as end point for cutting cycle could be closerBowman signals caution on rate cuts as end point for cutting cycle could be closer
Read more »
The Fed Rate Cutting Cycle May Be OverMarket Overview Analysis by Michael Kramer covering: . Read Michael Kramer's latest article on Investing.com
Read more »
AMD cutting almost 1,000 jobs to focus resources on AI pushThe move follows other cutbacks among longtime Silicon Valley companies. Cisco Systems Inc. is eliminating more than 6,000 positions, and Intel is cutting about 15% of its workforce of more than 10…
Read more »
GM slashing 1K white-collar jobs in cost-cutting move to 'focus on top priorities'GM and other automakers have been navigating an uncertain transition to electric vehicles both in the US and worldwide.
Read more »
Weekly focus: Bracing for trade war(s)Markets continued to digest the Trump victory in the US election this week.
Read more »