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Rakesh

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Interest rate cut hopes raised by slowing wage growth

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Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.

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The emergence of a uniform business cycle in the United States

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Their paper-"The Emergence of a Uniform Business Cycle in the United States: Evidence from New Claims-Based Unemployment Data"-documents two important trends highlighted by the new datatset: First, a more uniform, and slower, pace of recovery has emerged since the 1960s. Unemployment nationally has recovered more gradually in recent decades while state unemployment rates have converged.

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Shuma

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France has entered its second recession in four years after the economy shrank by 0.2% in the first quarter of the year, official figures show.

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The industrial production of Germany is expected to fall.

https://www.dw.com/en/germanys-industrial-production-expected-to-sink-further/a-68885656

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Germany’s industrial production expected to sink further – DW – 04/22/2024

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German industrial production is expected to fall further behind this year, after a dip in 2023. The usually strong manufacturing sector had already taken a hit because of higher energy prices.

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Asia | A quieter tiger?

New data highlight old problems

Photograph: AP

S peaking at a conference on India's economy this week, Narendra Modi, the prime minister, was typically bullish about his country's prospects. The world, he suggested, is living through an "Indian era". Rapid growth, favourable demography and an emerging tech industry have put the country at a "sweet spot", he said.

This article appeared in the Asia section of the print edition under the headline "A quieter tiger"

From the October 12th 2024 edition

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