US Economy Outperforms G7 Countries

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The US economy is predicted to grow at 2.7% this year, outpacing other G7 nations. The strong performance is driven by robust consumer spending and investment, leading to speculation that the Federal Reserve may delay interest rate cuts. Concurrently, China's state-owned enterprises in Hong Kong are thriving due to recent policy changes by Beijing, attracting investor interest.

Andreessen Horowitz hauls in one of the largest funds since the downturn in the tech sector, stocks from China’s state-owned enterprises are faring well compared with the wider market, and the IMF says that the US is on track to grow at double the rate of any other G7 country this year. Plus, a full-scale conflict has depleted Ukrainian defences. Israel could face a similar plight despite the weekend’s successful interceptions.

Mentioned in this podcast:

Andreessen Horowitz raises $7.2bn and sets sights on AI start-ups

Beijing reforms unloved state-owned enterprises to win back investors

US to grow at double the rate of G7 peers this year, says IMF

Ukraine’s air defence struggle shows risks to Israel

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Katya Kumkova, Josh Gabert-Doyon, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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