The US economy likely finished 2022 with on a high note despite its numerous challenges. FactSet’s economists have estimated that the GDP grew at a 2.3% annual pace from October to December. However, the economy is still broadly expected to slow down and potentially slide into a recession in the coming months. That’s the result …
When much of the world experienced a major recession in 2008-2009, China managed to weather the storm and buoy the global economy through massive government spending efforts. In 2022, the country’s economy will grow by only 3%. According to a December survey of 37 economists by Nikkei, growth will remain slow in the first three …
China’s economy expanded at a 3% annual rate last year, less than half the rate projected for 2021. European stocks fell, while Asian shares were mixed as investors awaited whether the Bank of Japan would change its long-term policy of keeping its key interest rate at -0.11% at the end of a meeting on Wednesday. …
Global Equities Fall as China’s Economy Slows Further Read More »
The World Bank has recently released its latest report, Global Economic Prospects. The report has slashed its global growth forecasts from projections made in mid-2022 due to worsening economic conditions. In total, the global economic growth outlook for the global economy has shrunk to 1.7% for 2023. That proposes a significant decrease from its earlier …
The early 1980s hyperinflation set the stage for the Fed’s current actions. The Federal Reserve raises interest rates and tightens the money supply to cool an overheated economy. This causes the economy to contract and ultimately leads to a burst of inflation at the expense of recession. The storm will hit at the end of …
How Will the 2023 Recession Differ from The 2008 Recession? Read More »
The Chinese economy track to recover steadily Experts and economists are optimistic about China’s prospects, anticipating stronger policy support and domestic demand to support the world’s second-largest economy’s steady recovery, even though the outlook for global growth in 2023 is clouded by uncertainty. The optimized epidemic response in China is anticipated to support growth all …
According to payroll processing firm ADP, the job market ended 2022 on a positive note. Companies have added much more positions than expected in December, outperforming estimates significantly. Private payrolls increased by 235,000, beating the Dow Jones estimate of 153,000. That’s more than 50% over what was initially expected. Compared to the previous month’s report, …
While we’ve been talking about unsustainable economic growth for a while now, we seem to have finally reached a tipping point. As work and profit demand to meet shareholder expectations become unrealistic, the world’s economic growth may slow. In this year and the next, the International Money Fund projects nearly half the growth from 2021. …
In the rest of the world, the US’ poor treatment of workers is somewhat notorious. The lack of socialized systems, few days off, as well as bogus contracts make being a part of the US workforce dangerous. However, we may see some changes soon as the Biden administration aims to make changes. Of course, the …
Biden Administration Striving to Increase Worker Benefits Read More »
Last week, the Federal Reserve increased interest rates by 0.50 percentage points, bringing the target range from 4.25% to 4.5%. The most recent action was in a string of rate increases intended to stop inflation. Although rate increases will ideally bring inflation under control, they could also cause the economy to sputter to the point …
The Economy Will Experience a Soft Landing in 2023 Read More »
In the post-Covid world, inflation has become the number one enemy of the regular people. As the pandemic waned, the economic halt started becoming more and more noticeable. And on the heels of that, the ongoing Ukraine war has made global economic conditions even worse. Inflation rates have been breaking decade-old records worldwide, with consumer …
Almost anywhere around the globe, buying a home has become a tall task. With real estate companies buying out houses and apartments way past market prices, it’s become difficult for the retail buyer to compete. You either need to expect to pay through the nose or be a tenant for the majority of your adult …
Global economic growth will average under 3% per year over the next decade, down from 3.6324% before the financial crisis. It will then gradually decline, reflecting a slowing in labor force growth. Two decades after famously laying out long-term growth projections for the so-called BRIC economies, economists led by Jan Hatzius have expanded their projections …
Christmas is a good time for the hospitality industry. With tons of people moving around, staying in hotels, and attending parties and gatherings, it’s a time of high profits. On top of that, hospitality service providers also have a chance to hike up their prices due to a time of higher demand. However, this year’s …
US Treasury yields fell on Tuesday as investors focused on developments in China and Federal Reserve officials’ comments on monetary policy plans. More than three basis points recently reduced the benchmark 10-year Treasury yield to 3.666%. After falling by more than three basis points, the two-year Treasury yield was last trading at around 4.4381%. Yields …
