The upward revision of South Africa’s gross domestic product — following a regular recalculation of how the economy is measured — creates fiscal headroom for the country, Finance Minster Enoch Godongwana said.
Bloomberg reporters answer your questions about Christine Lagarde’s ECB exit and who might replace her in a Live Q&A on Monday, November 2 at 2 p.m. CET.
Federal Reserve Bank of Richmond President Tom Barkin argued that gradual interest rate hikes make sense at a time when inflation remains high amid low unemployment and solid economic demand.
The European Central Bank asked the region’s leaders to start choosing a successor to Chief Economist Philip Lane, opening the race for yet another vacancy on its Executive Board.
The Canadian economy is tracking 1.3% annualized growth between July and September, slowing down from a robust second quarter and coming in weaker than the Bank of Canada forecasted.
Mexico’s economic growth accelerated in the third quarter at the fastest pace since 2023, powered by public and private investments as well as robust exports.
In Mexico City, housing theft happens on average 11 times a day, often when homeowners are on vacation or have died, leaving properties vacant. Criminal gangs can take over, claiming ownership in an effort to profit from a gentrification wave that’s boosted home prices. (Source: Bloomberg)
US equity futures slump after disappointing earnings from Amazon and Intel. Binance estimates $6.3 billion was stolen in a hack, the largest to hit the digital-asset industry. The Bank of Japan signals a potential rate hike in December after hitting its inflation target. Jane Foley of Rabobank joins "Bloomberg Brief" to discuss the current risks in the FX market, including ECB President Christine Lagarde's plan for an early departure. (Source: Bloomberg)
As President Luiz Inácio Lula da Silva and his economic advisers debate Brazil’s fiscal plans, one cautionary tale keeps resurfacing: Dilma Rousseff’s abrupt embrace of austerity after winning reelection in 2014, a pivot followed by a collapse in her popularity and her impeachment less than two years later.
The libertarian’s economic model is creating new winners and losers — pushing his political popularity to the limit ahead of his re-election bid next year.
Uganda’s inflation surged to its highest level in three years as a slump in the shilling — the world’s second-worst performing currency over the past three months — drove up import costs.
UK businesses do not expect to hand staff bigger pay rises despite the uptick in inflation, a sign that a subdued labor market is helping to contain price pressures.
