UK to suffer slowest growth of all rich nations next year, OECD says
The U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to the OECD.
The U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to the OECD.
The new platform will be called BlackRock Riyadh Investment Management, or BRIM.
Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market.
Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.
Higher prices have weighed on customers in an array of industries that interact with consumers.
The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter.
Price rises in the 20-nation euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter.
The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic.
"For NEOM, the projects, the intended scale is continuing as planned. There is no change in scale," Saudi Economy Minister Faisal Al Ibrahim told CNBC.