According to the official data, the Canadian economy most likely underperformed in the year’s third quarter. Notably, it prompts analysts to forecast that the Bank of Canada might raise interest rates more slowly than anticipated. Statistics Canada announced that the economy of Canada expanded by 0.4% in August and seemed set to record no growth …
Canadian Economy Declined, Reduced Chances of Early Rates Read More »
Twitter CEO Jack Dorsey announced that inflation in the U.S. is going to get considerably worse. On Friday, Jack posted on his Twitter that hyperinflation will change everything and added that it’s happening. Hyperinflation happens when inflation (the rising price of goods and services) increases uncontrollably for a while. Remarkably, it is typically caused by …
Twitter CEO Says U.S. Is Going to Get Considerably Worse Read More »
The United Kingdom’s economy unexpectedly regained momentum in October. According to a survey on Friday, cost pressures increased by the most in more than 25 years which could encourage the Bank of England to raise interest rates for the first time since the COVID pandemic. Remarkably, the preliminary flash IHS Markit/CIPS flash Composite Purchasing Managers’ …
The UK’s Economy Unexpectedly Regained Momentum in October Read More »
The latest news showed that the Bank of England will be the first major bank to raise interest rates in the post-pandemic cycle. However, according to economists polled by Reuters, the first hike will now come until early next year. Like its peers, the Bank of England cut borrowing costs to a record low as …
Bank of England to raise interest rates to 0.25% Read More »
According to Japan’s top government official, the country will watch currency movements carefully. The exchange rate stability is important after the safe-haven Japanese yen hit a four-year low against the greenback. The U.S. dollar has increased 4.6% against the Japanese currency since its latest low hit in mid-September. The rise came amid rising bets that the …
Japan Announces Exchange Rate Stability Is Crucial Read More »
According to the latest news, the GDP of the world’s second-largest economy is increasing at the slowest pace in a year. China was suffering a massive energy crunch, shipping disruptions, and a deepening property crisis, which weakened the growth. China’s economy increased by 4.9% in the third quarter of the year, compared with the same …
Shares rose on October 15, buoyed by stellar corporate earnings results. However, strong oil prices, as well as stalling car sales in Europe, were a reminder of headwinds for the world economy. The STOXX index of 600 European shares surged 0.2% at three-week peaks. Meanwhile, Britain’s FTSE 100 also surged 0.2%. The U.K. blue-chip index …
Shares up buoyed by stellar corporate earnings results Read More »
According to the International Monetary Fund, the global economic recovery from the COVID-19 pandemic is weakening, and risks are increasing. On October 12, the IMF cut its 2021 growth forecast for the U.S. by one full percentage point to 6%. Remarkably, it is the biggest reduction by any G7 economy in its latest World Economic …
IMF cut its 2021 growth forecast for the U.S. to 6% Read More »
The latest news shows that Goldman Sachs lowered its U.S. economic growth target to 5.6% for 2021. Furthermore, it cut its economic forecast to 4% for 2022. The bank cited an expected drop in fiscal support through the end of next year and a more delayed recovery in consumer spending than previously anticipated. According to …
Goldman Sachs cut its U.S. economic growth target to 5.6% Read More »
The Labor Department reported on Thursday, the number of Americans filing first-time claims for jobless claims declined to 326,000 last week. The number was below anticipations of 350,000 and compared with a revised 364,000 in the prior week. The four-week moving average was 344,000, an increase of 3,500 from the previous week’s revised 340,500. Unemployment …
According to Huw Pill, new Bank of England Chief Economist, the size and duration of a recent rise in inflation is proving greater than expected. However, Pill says that interest rates will likely remain relatively low in the coming years. On October7, he announced that as the coronavirus pandemic recedes and the level and composition …
BoE’s Pill says inflation’s spike is bigger than expected Read More »
The U.S. exceeded 700,000 COVID-19 deaths Friday night, half of them in the last nine months alone as the delta strain drove a brutal rise across the weary nation. The United States reached 600,000 deaths in June, when daily deaths had fallen to under 400 amid hope that the crisis was near an end. As …
U.S. hits 700,000 deaths despite widely available vaccine Read More »
The latest news revealed that Goldman Sachs economists have cut their forecast for China’s economic growth in 2021. As we know, the economy faces another growth shock in terms of constraints on energy consumption. Goldman Sachs now anticipates China’s GDP to rise 7.8% in 2021 compared with a year ago. Remarkably, that’s the lowest than …
Goldman Sachs cut their forecast for China’s economic growth Read More »
According to a closely watched business survey, severe shortages of workers and supplies have hardly hit Britain’s economy. Notably, economic growth in the United Kingdom has been dragged down to the weakest levels since COVID-19 pandemic restrictions were eased in March. Remarkably, the latest data from IHS Markit and the Chartered Institute of Procurement and …
The UK economic growth slows to weakest since March Read More »
The outcome of Germany’s federal election on September 26 looks impossible to predict. Remarkably, one recent survey revealed that a significant number of Germans have not yet decided who to vote for. Last week, a survey by the Allensbach Institute showed that 40% of 1,259 people were still deciding on how they will vote. Moreover, …
Without Merkel, Germans haven’t yet decided who to vote for Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
