A strong U.S. economy expected to pull up the rest of the globe

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 16 April 2024

⏱️ 1 minutes

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Summary

IMF improves global economic growth forecast to 3.2%; new housing construction plummets in March; UnitedHealth beats earnings forecasts despite ransomware attack; Bank of America’s profit falls amid high interest rates.

Transcript

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0:00.0	A strong U.S. economy is expected to pull along the rest of the globe.
0:06.0	I'm Novosafa with a marketplace minute.
0:08.0	The International Monetary Fund says world economic growth this year will reach 3.2 percent, slightly better than its January
0:15.3	forecast. The change is largely thanks to an improved outlook in the U.S. where the IMF now projects
0:21.2	economic growth of 2.7%.
0:24.1	The real estate market though continues to struggle.
0:26.6	Construction of new housing plunged 15% in March.
0:30.7	Permits for future construction fell 4%, likely because builders are expecting interest
0:35.2	rates to stay higher for longer.
0:38.1	United Health's quarterly results handily beat expectations despite a crippling ransomware attack. The health care company did lose
0:44.4	more than a billion dollars but its revenue grew to nearly 100 billion. Bank of America's
0:49.8	profit fell 18% in the first three months of the year. Higher interest rates increased the company's expenses while decreasing its loan activity.
0:58.0	Its quarterly profit still totaled more than six and a half billion dollars.
1:02.0	I'm Novasafo with a marketplace minute.

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