March 25, 2024
United States:
US 2024 Growth Outlook Goes From Gloom to Bloom in Six Months
Economists are decidedly more upbeat about the US outlook than they were six months ago, seeing activity nearly on par with 2023 as strong job gains fuel consumer spending and growth without derailing the progress on inflation.
Growth is projected to average 2.2% this year, more than twice as fast as anticipated in September, according to the latest Bloomberg monthly survey of economists. Odds of a recession in the next 12 months dropped to 35%, the lowest since July 2022 and down from 55% in September.
United Kingdom:
UK No Longer Has Controlling Stake in NatWest After Latest Sales
The UK government is no longer considered a controlling shareholder in NatWest Group Plc as it continues to hasten its exit from the lender it rescued in the financial crisis.
The government’s stake has dropped to 29.8% after it recently disposed of more shares, according to a filing on Monday. Under the country’s listing rules, dropping below the 30% level means an investor is no longer considered a controlling shareholder.
Asia:
China’s Premier Says Nation Off to Good Start on 2024 Goal
China’s economic recovery has been improving since the start of 2024, Premier Li Qiang said, underscoring the government’s effort to project confidence as it hosts a slew of high-profile visitors.
The improvement is laying a solid foundation for the nation achieving its full-year development goals, Li told International Monetary Fund Managing Director Kristalina Georgieva and World Bank President Ajay Banga in Beijing on Monday.
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