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Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

Europe’s economy shrank. For households that are hurting, it’s just numbers

The eurozone had a technical recession, with output dropping in Q4 2022 and Q1 2023

GDP graphic

Economy continues to outperform, raising odds of rate hike next week

Statistics Canada reports real gross domestic product grew at annualized rate of 3.1% in Q1

U.S. flag

U.S. economic growth for Q1 revised up to a still tepid 1.3% annual rate

Despite the first-quarter slowdown, consumer spending reflected confidence

Financial District of London and the Tower Bridge

U.K. economy grows sluggishly in 1st quarter as double digit inflation curbs consumer spending

No recession but output dropped in several sectors affected by strikes

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Global economy surprises to the upside: Fitch

A strong rebound in China boosts first quarter growth

Some growing stacks of coins with the word GDP (gross domestic product) on them

After economy posts strong start to 2023, new data suggests slowdown has begun

February growth below forecast with contractions in manufacturing, wholesale and retail trade

U.S. economy grew at weak 1.1% rate in Q1

Slowdown reflects impact of Federal Reserve's aggressive drive to tame inflation

Collage of European stars and currency

EU commission proposes overhaul of monetary guidelines

EU member countries must thrash out the details of new rules, aimed at meeting ongoing monetary challenges

globalization

Prolonged high inflation dims outlook for world economy

The possibility of a hard landing has "risen sharply," the IMF says

Some growing stacks of coins with the word GDP (gross domestic product) on them

Economy grew 0.5% in January, Statistics Canada reports

BMO increases GDP growth estimate for 2023