Sun, January 29, 2023

Economy

World May See Itself Nearing Reccession in 2023

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 …

World May See Itself Nearing Reccession in 2023 Read More »

stock exchanges; global crisis written on paper – wibestbroker

How Will the 2023 Recession Differ from The 2008 Recession?

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 »

Stock markets and economy

The Chinese economy track to recover steadily

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 …

The Chinese economy track to recover steadily Read More »

December Payrolls Exceed Estimate Significantly

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, …

December Payrolls Exceed Estimate Significantly Read More »

united States economy

The Economy Will Experience a Soft Landing in 2023

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 »