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UK economy posts surprise growth in November: data
UK economy posts surprise growth in November: data
by  AFP

Britain's economy unexpectedly grew in November, official data showed Friday, but it is widely tipped to enter recession this year as the country faces a cost-of-living crisis. "While the economy performed better than expected in November, the data can't mask the underlining problems in the UK economy," said economist Alpesh Paleja at the CBI business lobby.

China imports, exports plunge in December: customs
China imports, exports plunge in December: customs
by  AFP

China's exports in December fell at their fastest pace since 2020, according to official data Friday, owing to a drop in global demand and after health restrictions hit economic activity at home. Exports had been the main driver of China's economy since 2020, when the global shutdown led to strong demand for Chinese goods such as medical products, and then as the rest of the world reopened.

Most markets rise as US inflation boosts Fed slowdown hopes
Most markets rise as US inflation boosts Fed slowdown hopes
by  AFP

Asian markets mostly rose again Friday and the dollar remained under pressure after data showing another slowdown in US inflation fuelled bets the Federal Reserve will take a softer approach to its monetary tightening campaign.

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