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Business and economy. 2022–2023 Russia–European Union gas dispute. Russia's gas firm Gazprom suspends exports of Russian natural gas through Ukrainian pipelines after Ukraine refused to renew the transit agreement between its operator Naftogaz and Gazprom. However, Hungary will continue receiving Russian natural gas via the TurkStream pipeline.
Business and economy 2021–present United Kingdom cost-of-living crisis The United Kingdom 's Office for National Statistics announces that the UK economy showed no growth in the 3rd quarter of the current fiscal year, following downward revisions.
The Atlanta Fed's GDPNow Tool model, which incorporates data from the current quarter to project GDP, estimates the US economy will have grown at an annualized rate of 2.6% in the fourth quarter.
Business and economy Homelessness in the United States U.S. homelessness hits a record high in 2024, increasing by more than 18% the past year, due to causes such as high housing costs , natural disasters , and a spike in migration to major cities .
While my baseline forecast suggests the U.S. economy will avoid a recession in 2025, the Fed may need to ease policy in the second half of next year to prevent stalling growth in 2026.
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