Thu, March 28, 2024

Economic growth

Stocks and central banks

Economists expect inflation to hit historical levels 

Economists expect inflation to hit historical levels for May.  According to the US Bureau of Statistics, the core consumer price index has increased 3.5% on a year-over-year basis. Thism in fact is the fastest annual pace in 28 years.  Economists expect both core and headline CPI to increase by 0.5% in May. In addition, CPI …

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US-China competition rises on Covid vaccine diplomacy

US-China competition rises on Covid vaccine diplomacy

As we all know, China has been a major coronavirus vaccine supplier to much of the developing world. According to some experts, this effort could bolster China’s global influence and strengthen its ties with other countries. However, a health governance and policy expert say that the U.S. is now catching up. Remarkably, the White House …

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united states inflation, dollar

A key U.S. inflation indicator rose by 3.1% YoY

According to the Commerce Department, a key inflation indicator increased a faster-than-anticipated 3.1% in April as price pressures built in the rapidly expanding U.S. economy. The core personal consumption expenditures index was anticipated to rise 2.9% after increasing 1.9% in March. Fed officials believe the measure to be the best gauge for inflation, though they …

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Joe Biden orders closer review of Covid-19 origins

Joe Biden orders closer review of Covid-19 origins

On May 26, U.S. President reported that he has directed the U.S. intelligence community to intensify its efforts in investigating the origins of the coronavirus pandemic. Notably, the announcement comes after a U.S. intelligence report discovered several researchers at China’s Wuhan Institute of Virology became ill in November 2019 and had to be hospitalized. Notably, …

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Chinese raw materials might be produced by forced labor

According to the latest news, the Biden administration’s solar power ambitions collide with complaints the global industry depends on the raw materials of China. They say it might be produced by forced labor. A serious difficulty is polysilicon, which is utilized to make photovoltaic cells for solar panels. Xinjian provides 45% of the global industry …

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economy china, asia

Covid outbreak in Asia could hike inflation in the U.S.

New waves of coronavirus in major manufacturing hubs in Asia could hit global supply chains. Notably, that could cause inflation to increase quicker in the United States, Asian manufacturing economies, Japan, South Korea, Taiwan, and Vietnam, have reported a renewed coronavirus outbreak in the last few weeks. Products manufactured in those economies are shipped globally …

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Japan's household spending reached 18-month high

Japan’s household spending reached 18-month high

According to Tuesday’s data, Japan’s household spending recorded its biggest monthly gain in 18 months in March. Consumer demand recovered strongly from the heavy blow it took from the worsening impact of the COVID-19 pandemic last year. Still, an extension of new state of emergency restrictions and slow vaccine rollouts cloud the prospect for the …

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Japan’s economy reduced

Japan’s economy reduced in the first quarter

Japan’s economy likely declined in the first quarter as the hit to consumption from COVID-19 curbs offset the rise from robust global demand. Notably, it indicated the country’s slow recovery from a pandemic-induced fall. According to analysts, an extension of state of emergency restrictions and slow vaccine rollouts are expected to keep growth weak in …

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India reported its highest-ever daily virus infection number

India reported its highest-ever daily virus infection number

India reported its highest-ever daily number of 412,262 new virus infections and also a record of 3,980 deaths. Indian drugmakers announced that a stop on some cargo flights from China could interrupt the global pharmaceutical supply chain. U.S. support for a waiver of patent protections for vaccines is heading to the WTO. Remarkably, the European …

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U.S. GDP increased by 6.4% for the first three months

U.S. GDP increased by 6.4% for the first three months

The economic activity started expanding from the beginning of 2021. Remarkably, widespread vaccinations, as well as more fuel from government spending, helped the U.S. economy to recover. The country is recovering sharply and is getting closer to where it was before the coronavirus pandemic hit. Gross Domestic Product increased by 6.4% for the first three …

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China's factory

China’s factory activity was anticipated to slower

China’s factory activity was anticipated to have grown at a slightly slower pace in April while maintaining momentum as the country continues its recovery. The official manufacturing Purchasing Managers’ Index (PMI) released by the National Bureau of Statistics is anticipated to decline to 51.7 for April from 51.9 in March. A reading above 50 suggests …

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Global shares extended gains after FED's announcement

Global shares extended gains after FED’s announcement

Global shares increased on April 29 after the Federal Reserve announced it was too early to consider rolling back emergency support for the economy. Moreover, Biden proposed a $1.8 trillion stimulus package. The MSCI world equity index, which gauges shares in 49 countries, increased by 0.2%, on course for its best month since November. The …

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