Supply chains in the American market slowed down in February with less orders contracted worldwide. This reflected worries related to supply chains affected by the coronavirus, which promptly reignited fears of a global recession. Construction spending also increased by the most in nearly two years in the same month. It previously hit a record high …
American Results Show Less Selling and More Buying Read More »
The Italian economy was already struggling to deal with problems even before the coronavirus outbreak. However, the ongoing virus outbreak complicated the situation. Moreover, Italy was the first country in Europe to report a major surge in cases of the coronavirus. Italian authorities-imposed travel restrictions in the north of the country. This way, they are …
U.S. President Donald Trump likes to talk about the economy and how it flourished during his time in office. In 2019, for the second year in a row, annul growth fail to reach 3%. For example, in 2019, the economy grew by 2.3%. As a reminder, the Trump administration’s goal was to reach 3%. On …
U.S. Commerce Department and Last Quarter of 2019 Read More »
U.S. President Donald Trump’s proposed federal budget for 2021 is a severe blow for small businesses. Trump is proposing to eliminate or drastically reduce the aid to small businesses. It is important to mention that such cuts result in insignificant savings. Moreover, recommended budget cuts will have a dramatic impact on small businesses. Hopefully, presidential …
The Impact of Federal Budget on the Small Businesses Read More »
The Asian financial hub is struggling to deal with economic problems. It is trying to save its slumping economy as protests along with coronavirus outbreak represent a serious challenge for Hong Kong. On Wednesday, Hong Kong’s government made an unusual decision. It plans to give 10,000 Hong Kong dollars (about $1,280) to all permanent residents …
Ongoing coronavirus outbreak caused a lot of problems not only for China’s economy but for the global economy in general. Analysts, investors, and others are closely monitoring the situation. As a reminder, China extended this year’s Lunar New Year holiday as well as imposed travel restrictions to the virus outbreak. Many of the provinces started …
Ongoing coronavirus outbreak, along with pre-existing weaknesses, may cause serious problems for the top economies. Moreover, the coronavirus continues to spread, and there are signs that some of the top economies are moving towards the recession. For example, the world’s third-largest economy fell 1.6% in the fourth quarter of 2019. The country had to deal …
Last week, the number of Americans filling, for state unemployment benefits rose by 4,000 to a seasonally adjusted 210,000 for the week ended on February 15. The Labor Department provided this information. However, the labor market remains in a strong position despite the risks connected with coronavirus and week business development. As a result, the …
U.S. economy continues to grow for more than ten years. Moreover, current economic expansion is the longest in U.S. history. Moreover, the U.S. has the largest economy in the world. In this situation, some people may think that labor strikes are all but nonexistent. However, this is not the case. In 2019 forty-six thousand General …
South America’s second-largest country is on the cusp of another devastating default according to analysts. Meanwhile, international investors are closely monitoring the situation, as they would like to know how Argentina’s government would handle these problems. It is important to mention that Argentina needs to restructure $100 billion in debt. Out of $100 billion, the …
Argentina’s Debt Crisis and the International Monetary Fund Read More »
U.S. carmaker General Motors made the decision to discontinue the iconic Holden brand. On Sunday, the Detroit automaker announced that it would gradually close its sales, design and engineering operation Australia and New Zealand. Moreover, it will discontinue its Holden brand by 2021. Interestingly, the Holden brand dates back to the 19th century. Moreover, General …
The world’s third-largest economy is struggling to deal with problems. On Monday, the government released the information connected with Japan’s economy. According to the data, the country’s gross domestic product (GDP) fell by an annualized 6.3% in the October-December period. This result surpassed expectations. Moreover, there is a risk that the local economy will suffer …
Japan’s GDP Fell to the Lowest Level in Almost Six Years Read More »
China has the world’s second-largest economy in the world after the U.S. Moreover, it is one of the major oil consumers. As a result, the state of China’s economy directly affects global oil demand. Ongoing coronavirus outbreak and restrictions imposed by the Chinese officials will have a dramatic impact on the oil demand. The International …
Southeast Asia’s third-largest economy grew by 3.6% in the fourth quarter of 2019. As a result, Malaysia’s economic growth fell to the lowest point in 10 years. Bank Negara Malaysia (BNM) is ready to tackle this problem. Bank’s Governor Nor Shamsiah Mohd Yunus stated that bank the opportunity to adjust interest rates. According to the …
U.S. and China relations are far from being ideal. The prolonged trade war between the largest economies in the world created many issues for the global economy. In January, the U.S. and China signed the Phase 1 trade deal. However, it won’t be enough to solve all the problems. The relations between the U.S. and …
Coronavirus Outbreak Will Affect U.S.-China Trade Relations Read More »
