The latest from London and the U.K. is on the latest in the global economy, with sterling trading at its lowest level in nearly two weeks, as the market braces for the start of the U:N.
World Economic Forum on Tuesday.
Here are five things to know about the latest headlines and the latest global trends.
The U.S. economy is in the doldrums.
The economy has shed 6.1 million jobs since last November, according to a report from the Bureau of Labor Statistics.
This includes 2.1m in the public sector and 5.1million in the private sector.
Thats a loss of 2.3 million jobs from the prior year, and it has left the economy with a huge backlog of unsold goods, which are a big drag on the economy.
The UK is experiencing its own recession.
The pound is trading around $1.10 per pound, the lowest in nearly six months, according a Reuters poll of economists.
There is a risk that Brexit could be bad for the U of A. The British government has warned that Brexit will lead to a drop in the value of sterling, and the Bank of England has said it is not a priority for monetary policy.
Germany is doing better than the U in the Eurozone.
The European Union has been doing much better than its U.B. of lorries (or Eurozone lorriags) peers, according the European Commission.
The commission said its economy grew by 1.5% in the third quarter of this year.
The eurozone is forecast to grow by 0.8% this year and by 1% in 2019.
The Fed’s inflation forecast is too low.
The central bank said in a report last week that it expected the economy to grow 2.5 percent in the fourth quarter.
However, economists think that the economy is likely to grow less, with inflation running at around 1.3% this quarter and 1.8%.
The U of a the Fed’s main concern is that inflation in the UB is rising, which could be a drag on growth and job creation.
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