Despite modest improvements on Friday, oil prices were heading for a second week of losses. The weak US economic data and a lack of certainty regarding future interest rate increases affected the situation drastically. The more actively traded July contract was up 47 cents, or 0.6%, at 78.69 a barrel. Meanwhile, June Brent crude futures …
Oil market set for weekly decline as recession worries intensify Read More »
While much of the world is struggling desperately to stem the rising prices that are depressing living standards, China is working on the opposite. The consumer price (CPI) index increased by just 0.7% year-on-year in March. Factory gate prices have fallen for six straight months. Meanwhile, consumer prices in America were still 5% last month …
One of the biggest challenges the Fed has faced over the past period is curbing inflation. With prices for goods and services skyrocketing, consumers have taken the brunt of the dour global economic state. And as the economy remains downturned, a chain of consequences harms both corporate entities and consumers. The job market has been …
During the massive worker shortage that the Covid pandemic brought on, there were tons of changes for the US workforce. Dismayed by the conditions they’ve been working in, many have started demanding restructuring in worker-employer relations. That’s especially apparent in the service industry, where a large part of the US workforce resides. The biggest coffee …
After a few economically successful months, the US has had room for optimism. Job data has blown past any expectation, insinuating a recovering economy. Other positive indicators have shown us that expecting a quality of life increase isn’t just wishful thinking. However, January’s inflation data has soured the mood slightly. While it’s nothing to lose …
As the new year starts winding up and we enter the post-holiday economic phase, good news greets us. Namely, the inflation that has been ravaging the US has slowed down by a considerable margin. Fed’s new interest rate hike announcement shows us the smallest increase in almost a year. It has announced only a quarter-point …
The Eurozone on Tuesday beat expectations for a positive increase in the final quarter of 2022 and eased fears of a potential regional recession. The first data from Eurostat on Tuesday showed that the euro area grew by 0.12% in the fourth quarter. Economists predicted a 0.12% decline in the same period. The latest statistics come …
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. …
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