Sun, June 16, 2024

Economic growth

U.S. dollar fell Tuesday. What about the Euro and Sterling?

U.S.Weekly Jobless Claims Report and its Importance

Millions of people across the U.S. lost their jobs due to the coronavirus pandemic in 2020. Hopefully, the country’s economy started to recover, but it won’t be easy to solve all issues in a short period of time. Last week, the U.S. unemployment picture improved once again, with initial filings for unemployment insurance falling to …

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Canadian economy declined, reduced chances of early rates

Canadian Economy Declined, Reduced Chances of Early Rates

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 …

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Twitter CEO says U.S. is going to get considerably worse

Twitter CEO Says U.S. Is Going to Get Considerably Worse

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 …

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U.S. dollar fell Tuesday. What about the Euro and Sterling?

Goldman Sachs cut its U.S. economic growth target to 5.6%

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 …

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The UK economic growth slows to weakest since March

The UK economic growth slows to weakest since March

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 …

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Brazil GDP falls as the second wave of COVID hits recovery

Brazil GDP falls as the second wave of COVID hits recovery

According to the government statistics agency IBGE, Brazil’s economy shrank slightly in the three months to June, stalling more than anticipated as a second wave of the pandemic hit demand. The 0.1% dip in Brazil’s GDP from the previous quarter was worse than the median forecast for 0.2% growth. Remarkably, GDP marked a sharp slowdown …

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Asian giant, China, is concerned about inflation

China’s economy stalled amid COVID-19 pandemic chaos 

China’s economy stalled this month since the country struggled to stabilize the pandemic situation and supply bottlenecks. The slowdown in the manufacturing sector shows that the country’s economy is still not in the recovery phase. An official survey revealed that China’s factory activity grew at a slower pace. It dropped to 50.1 in August from …

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The German economy rose more than expected in Q2 2021

The German economy increased by more than expected in the second quarter of the year. The latest data showed that Europe’s largest economy gained 1.6% between April and June compared with the previous quarter. The better than anticipated results came as the easing of coronavirus curbs encouraged consumers to dip into record savings piled up …

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