Global Economic Shifts: UK Growth, Canadian Inflation, and Steel Industry Innovations

Simply Economics

Explore the UK's economic challenges with its 0.1% growth, delve into Canada's slowing inflation influenced by GST breaks, and uncover the steel industry's technological revolution. Plus, learn about South Africa's potential economic transformation as it prepares to host the G20 summit. This episode offers a comprehensive look at global economic trends and their implications for policy-making and everyday life.
Sources:
https://www.ft.com/content/f4b985f7-2ac2-4436-b8bd-affc02e26c3b
https://www.bnnbloomberg.ca/business/economics/2025/01/19/inflation-data-likely-to-show-further-slowing-partly-due-to-gst-break-economists/
https://www.twincities.com/2025/01/19/real-world-economics-steelmaking-faces-clash-of-new-tech-obsolete-values/
https://www.bloomberg.com/news/newsletters/2025-01-18/africa-s-biggest-economy-is-about-to-turn-a-corner
Outline:
(00:00:00) Introduction
(00:00:41) Economics class: UK economy’s 0.1% growth fails to hit forecasts
(00:03:50) Inflation data likely to show further slowing, partly due to GST break: economists
(00:06:56) Real World Economics: Steelmaking faces clash of new tech, obsolete values
(00:10:21) Africa’s Biggest Economy Is About to Turn a Corner