Goldman Sachs economists expect US home-price growth to slow next year : Goldman Sachs economists predict that US home-price growth will slow next year, as rising interest rates and a lack of inventory weigh on the housing market. Earnings growth for the S&P 500 to be flat in 2023, followed by 9% growth next year – UBS 1: UBS analysts forecast that earnings growth for the S&P 500 will be flat in 2023, followed by a 9% increase in 2024.
Bank profits have soared across Europe but the outlook is darkening : Bank profits have surged across Europe, but the outlook is becoming increasingly uncertain due to rising inflation and interest rates, according to a report from the European Banking Authority.
China’s economy grows at slowest pace in over a year as property market cools China’s economy grew at its slowest pace in over a year in Q3 2023, as the country’s property market cooled and energy shortages weighed on manufacturing activity.
US consumer prices rise at fastest pace since 2008 3 US consumer prices rose at their fastest pace since 2008 in September, as supply chain disruptions and labor shortages continued to push up costs.
IMF warns of ‘dangerous divergence’ in global economic recovery : The International Monetary Fund has warned of a “dangerous divergence” in the global economic recovery, with advanced economies rebounding faster than developing countries.
