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In 2018, the UK economy will most likely perform better than many estimates suggest and the benefits of global surge in the nearer future will easily compensate any hit from breaking up with the European Union. That’s what ex- Goldman Sachs market expert Jim O'Neill revealed.
O'Neill, an ex-Treasury minister who supported staying in the European Union before the 2016 referendum, informed BBC radio that Brexit turned to be a strange thing for Great Britain to impose on itself, although it wasn’t the country's biggest problem.
The UK economy, which is the world's number six one, seems set to have stepped down a bit last year when it probably tacked on approximately 1.8%.
Higher inflation provoked by the pound's dive after the Brexit vote has affected consumer spending power, while many businesses are wary about what Brexit actually means for them.
While surge has been less affected by Brexit than many financial experts predicted, the UK economy has surged more slowly than other wealthy countries.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
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