economic growth

Fed Beige Book: Slight Economic Growth, Rising Business Optimism
Fed Beige Book: Slight Economic Growth, Rising Business Optimism
December 04, 2024  |  Economy

PYMNTS Intelligence, through the last several months, has taken stock of where consumers are spending, and how they contend with inflation. Among their strategies has...

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World Bank: Global Growth Still Lower Than Pre-COVID
World Bank: Global Growth Still Lower Than Pre-COVID
June 11, 2024  |  Economy

A new report from the World Bank has good news and bad news about the global economy. The good news, according to the Global Economics...

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Federal Reserve Reports ‘Slight or Modest Growth’ in Economic Activity
Federal Reserve Reports ‘Slight or Modest Growth’ in Economic Activity
May 29, 2024  |  Economy

Economic activity in the United States expanded from early April to mid-May, though it varied in different industries and Federal Reserve districts. While 10 of...

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Economists Trade Recession Predictions for ‘Growth Stop’ Warnings
Economists Trade Recession Predictions for ‘Growth Stop’ Warnings
January 14, 2024  |  Economy

The good news: Economists are less confident the U.S. will see a recession. The less good news: They also expect the economy to grow at...

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Summer Spending Surge Fuels 4.9% Jump in GDP
Summer Spending Surge Fuels 4.9% Jump in GDP
October 26, 2023  |  Economy

Strong consumer spending this summer helped drive economic growth in the U.S. Figures released Thursday (Oct. 26) by the U.S. Commerce Department showed gross domestic product (GDP) increasing at...

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Handicapping the US, UK and Europe Real-Time Payments Race
Handicapping the US, UK and Europe Real-Time Payments Race
October 06, 2023  |  Real-Time Payments

Real-time payments have revolutionized the global financial landscape, fostering greater efficiency, convenience and inclusion. Countries worldwide are embracing real-time payment systems to meet the growing...

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Thailand Ranked First Globally in Real-Time Payments Transactions per Capita
Thailand Ranked First Globally in Real-Time Payments Transactions per Capita
September 01, 2023  |  Real-Time Payments

The value proposition of real-time payments is undeniable: payments initiated, cleared and completed in just seconds — at any time. In other words, payees get...

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UK Launches FinTech Fund Backed by Mastercard and Barclays
UK Launches FinTech Fund Backed by Mastercard and Barclays
August 16, 2023  |  Startups

The United Kingdom has taken a significant step to bolster its position as a global FinTech investment hub by launching a £1 billion investment fund,...

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Global Trade Faces Slowdown as Economic Growth Weakens
Global Trade Faces Slowdown as Economic Growth Weakens
August 09, 2023  |  Economy

The world is facing a major slowdown in global trade as economic growth weakens. In addition, governments around the world are increasingly curbing business with...

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