CNBC Economy

The producer price index was expected to decrease 0.1% in December, according to Dow Jones estimates.

After China's reopening and a deluge of positive data surprises, economists are upgrading their previously gloomy outlooks for the global economy.

The consumer price index was expected to decrease 0.1% on a monthly basis and increase 6.5% from a year ago in December, according to Dow Jones.

The question now is how much more evidence policymakers will need to see before they take their foot off the brake.

The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions.

France's legal retirement age is currently 62 — lower than many developed markets, including much of Europe and the U.S.

The one-year inflation outlook declined to 5%, down 0.2 percentage point from the previous month and the lowest level since July 2021.

Those figures bucked the trend in the broader economy, which showed unemployment in the U.S. fall to 3.5%.

Nonfarm payrolls increased by 223,000 for the month, above the Dow Jones estimate for 200,000, while the unemployment rate fell to 3.5%.

Private payrolls rose by 235,000 for the month, well ahead of the 153,000 Dow Jones estimate.

The U.K.'s economic contraction in 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards weighs on activity.

Demand for employment remained high in November as companies looked for workers to fill positions despite worries of a looming recession.

The global economy likely faces a decade of sluggish growth, according to Daniel Lacalle, author and chief economist at Tressis Gestion.

The European Central Bank opted for a smaller rate hike at its Thursday meeting, taking its key rate from 1.5% to 2%.

Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation.

Here's a quick look at the multiple variables that will come into play when this week's Fed meeting concludes Wednesday.

U.K. inflation came in slightly below expectations at 10.7% in November, as cooling fuel prices helped ease price pressures.

The consumer price index was expected to increase 0.3% in November, according to Dow Jones estimates.

A survey indicated that consumers see one-year inflation running at a 5.2% pace, down 0.7 percentage point from the October reading.

The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago.