Business

U.S. second-quarter growth likely to be revised higher after slew of strong data

WASHINGTON (Reuters) – U.S. economic growth for the second quarter is likely to be revised higher following a recent raft of stronger than initially thought data covering that period, which reflected the economy’s reopening amid improved public health.Slideshow ( 2 images )The Commerce Department’s quarterly services survey, or QSS report, on Thursday added to a […]

Business

‘Shoppers aid growth but economic slowdown ahead’

The UK economy may have grown by as much as 17% in the three months to the end of September, says the EY Item Club, but slower growth may follow. Shoppers splurged during the period as coronavirus lockdown restrictions were lifted, it said. It is a rosier vision than the one offered by Item Club […]