The UK’s official jobless rate remained the same as that of last month - 3.9% in April, while the claimant count change showed a dramatically higher than expected increase last month. The unemployment rate remained at 3.9% which is better than 4.5% forecast. The Claimant Count Change came in at 528.9K as against 370K expected [...]
According to the economist, the Bank of Japan is expected to leave its main policy levels untouched Tuesday to support the pandemic-hit economy. 'BOJ may leave its interest rate and assets purchase rate unchanged at the end of its two-day meeting. Also, it is expected for a rise in the estimated size of a BOJ [...]
Fall of April month GDP is the biggest UK saw ever. It is more than 3 times larger than last month and almost ten times larger than the pre-COVID-19 fall. The economy fell around 25% in April compared to February. Virtually all areas of the economy were hit drastically. GDP fell by 20.4%. The services [...]
The FOMC statement release supports the US economy. The Federal Reserve's target is to use its full range of tools to support the U.S. economy in this exigent time thus promoting its employment and price stability goals. The Committee will continuously monitor the implications of incoming information for the economic outlook, which includes the information [...]
